Carl Frederik Tietgen facts for kids
Quick facts for kids
Carl Frederik Tietgen
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Tietgen painted by P. S. Krøyer in 1892
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| Born | 19 March 1829 |
| Died | 19 October 1901 (aged 72) Copenhagen, Denmark
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| Resting place | Graveyard at Lyngby Church |
| Nationality | Danish |
| Occupation | Industrialist, real estate developer |
| Known for | Foundation of numerous companies Completion of Frederik's Church |
Carl Frederik Tietgen (born March 19, 1829 – died October 19, 1901) was a very important Danish businessman. He helped Denmark become more industrial, which means he helped build many factories and businesses. He started many famous Danish companies, and some are still around today! Tietgen was good at bringing different companies together. This made them very strong and lasting. He also loved the ideas of Grundtvig and paid for the beautiful Marble Church to be finished.
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Tietgen's Early Life and Work
Tietgen was born on March 19, 1829, in Odense, Denmark. His father managed a club for wealthy people. Carl helped his family at the club when he was a child.
After finishing his business training, he worked in the United Kingdom for five years. He lived in Manchester, England. During this time, he also traveled to northern Germany, Norway, and Sweden. In the United Kingdom, Tietgen learned a lot about private banking. This type of banking was new in Denmark at that time.
Leading Privatbanken
When Tietgen came back to Denmark, he started his own wholesale business in 1855. It was called C.F. Tietgen & Co. He first set it up in Copenhagen at Amagertorv, then moved it to Gammeltorv Market. His business was small, mostly connecting businesses in Manchester and Copenhagen.
In 1857, Tietgen showed how good he was with money and strategy. He helped manage a company that was going bankrupt. Because of this, he was asked to join the management of Privatbanken. Under his leadership, this bank became Denmark's first investment bank. An investment bank helps companies grow by providing money.
For 40 years, Tietgen led Privatbanken. He created and strengthened many companies. He gained control of big companies in different industries.
Building Transportation Companies
In the world of transportation, Tietgen helped build several railroads. He also invested in big companies like Burmeister & Wain and Svitzer in 1872. He created Det Forenede Dampskibs-Selskab by combining several smaller shipping companies. In 1880, he founded the Thingvalla Line, which was a shipping company.
Connecting the World with Telegraphs and Phones
Tietgen also started several companies for communication. He founded Det Store Nordiske Telegraf-Selskab in 1868. This company helped send messages across long distances. When telephones arrived, he founded KTAS in 1880.
Food and Drink Businesses
In 1872, Tietgen formed De Danske Sukkerfabrikker. This company was a merger of several sugar factories. In 1873, he helped start the Tuborg brewery. He also brought together smaller coffee substitute companies to form De Danske Cikoriefabrikker. Later, in 1881, he merged several small distilleries to create De Danske Spritfabrikker. In 1891, he combined several breweries to form De Forenede Bryggerier.
International Banking
In 1869, Tietgen helped start Banque de Paris with other European bankers. This bank later merged in 1872 to become Paribas, a very large bank.
Tietgen was a leader in bringing companies together. He would merge several competing companies in one industry. This created large companies whose shares could be traded publicly. Privatbanken would become a major owner in these new companies. Tietgen and his business friends also owned parts of them.
He retired from Privatbanken in 1896. This was after he became unwell in Paris in 1894.
Companies Tietgen Founded
Carl Frederik Tietgen founded or helped start many important companies, including:
- Det Store Nordiske Telegraf-Selskab (1868)
- De Danske Sukkerfabrikker (1872), which is now part of Danisco
- B&W (1872)
- Thingvalla Line (1879)
- De Danske Spritfabrikker (1881), also now part of Danisco
- KTAS (1882)
- Det Forenede Dampskibs-Selskab (1866)
- Tuborg Brewery
Tietgen's Generosity
Tietgen was also a generous person. He famously paid for the completion of the Marble Church. He also built Taarbæk Church on the coast north of Copenhagen.
Tietgen's Personal Life
Tietgen married Laura Charlotte Jørgensen on August 8, 1855. She was 19 years old. They married in Vejstrup on the island of Funen.
Tietgen became weaker in his last years after a serious illness in 1894. This caused him to retire from most of his jobs. Tietgen passed away on the evening of October 19, 1901. A special ceremony was held at the Marble Church on October 23. He was buried in Lyngby on October 29, 1901.
See also
- Gustav Adolph Hagemann
