George Fisher Baker was an American
financier and philanthropist who was responsible for providing the initial fund
for the Harvard Business School. His donation amounted to $5 million. Harvard in
return granted him an honorary Doctor of Laws for his contribution. The school
library was also named Baker in honor of him.
Baker was the co-founder of the
First National Bank of the City of New York which was established in 1863 after
the National Currency Act of 1863 was enacted. The bank is the forerunner of what is
known today as Citibank. Baker became its first president. He was only 37 that
time.
Baker holds the largest stake in the
Central Railroad of New Jersey. As director of 22 direct corporations, his
aggregate resources amount to $7,272,000,000. One of his greatest achievements
as a finance expert was making $25,000,000 in stocks trading event in just two
days. For the whole week, Baker was reported to have made a total of
$42,000,000, making him the fastest money maker in the world.
Baker was born on March 27, 1840. He
died on May 2, 1931.
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