George Lauder | |
|---|---|
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| Born | November 11, 1837 Dunfermline, Fife, Scotland |
| Died | August 24, 1924 (aged 86) Greenwich, Connecticut, United States |
| Resting place | Putnam Cemetery |
| Other names | Dod |
| Alma mater | University of Glasgow |
| Occupation(s) | Industrialist Mechanical Engineer |
| Known for | Revolutionizing the steel industry as a partner at Carnegie Steel |
| Spouse | Anna Maria Romeyn Varick |
| Children | 3 |
| Parents |
|
| Family | Lauder Greenway Family |
George Lauder Jr. (November 11, 1837 – August 24, 1924) was a Scottish-American industrialist. A trained mechanical engineer, Lauder was responsible for many of the technical advancements made in the steel industry during the Industrial Revolution including updates to both the Bessemer Process and coal washing machinery while also leading the use of steel in arms and defense.
Lauder was the "cousin-brother", and business partner of, steel magnate Andrew Carnegie in the Carnegie Steel Company.[1] The two were among the richest people in the world during their lifetimes with Lauders fortune valued at roughly $19 billion (in 2018 dollars). The sale of Carnegie Steel to J.P. Morgan in 1901 created U.S. Steel where Lauder sat on the board of directors.[2] This became the first corporation in the world with a market capitalization exceeding $1 billion ($51.3 billion today).[3]
- ^ Skrabek, Quentin R. (2012). The Carnegie Boys: The Lieutenants of Andrew Carnegie that Changed America. Jefferson, NC: McFarland & Company, Inc. p. 22. ISBN 978-0-7864-6455-5.
- ^ Cite error: The named reference
Breezewas invoked but never defined (see the help page). - ^ "What was the first company with a $1 billion market cap?". Investopedia. Retrieved November 28, 2018.