1859 - 1938
Samuel Insull British Business
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Samuel Insull is a member of the following lists: American billionaires, People from Chicago, Illinois and People from London.
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Details
| First Name |
Samuel
|
| Last Name |
Insull
|
| Birthday |
11th November, 1859
|
| Birthplace |
London, England
|
| Died |
16th July, 1938
|
| Place of Death |
Paris, France
|
| Buried |
Putney Vale Cemetery, London
|
| Zodiac Sign |
Scorpio
|
| Nationality |
British
|
| Occupation Text |
Businessman
|
| Occupation |
Business
|
Samuel Insull (November 11, 1859 – July 16, 1938) was a British-born American business magnate. He was an innovator and investor based in Chicago who greatly contributed to creating an integrated electrical infrastructure in the United States. Insull created holding companies that purchased utilities and railroads.
He was also responsible for the building of the Chicago Civic Opera House in 1929.
Due to the Great Depression, his vast Midwest holding company empire collapsed, and he was accused of profiting personally by selling worthless stock to unsuspecting investors who trusted him because of his position and reputation. Following a seven-week trial, he and 16 co-defendants were acquitted of all charges after only two hours of jury deliberation.
