Hirshhorn, Joseph Herman, 1899-1981
Name Entries
person
Hirshhorn, Joseph Herman, 1899-1981
Name Components
Surname :
Hirshhorn
Forename :
Joseph Herman
Date :
1899-1981
eng
Latn
authorizedForm
rda
Genders
Male
Exist Dates
Biographical History
Joseph Herman Hirshhorn was born in 1899 in Mitau, Latvia. In 1905 his mother emigrated with her children to the United States and settled the family in Brooklyn, New York. To keep the family afloat, the children had to help, and Joseph left school at the age of twelve to sell newspapers. By the age of fourteen, he was an office boy for the firm that later became the American Stock Exchange. In a short time, he became a chartist, charting stocks for an editor on Wall Street. In 1916 he took a small sum he had saved and launched himself as a broker, earning $168,000 the first year.
In 1924 Hirshhorn became a broker's broker, dealing in bank stock and unlisted securities. He made his first million long before he reached the age of thirty. In 1929 he distrusted the booming stock market and pulled out completely with four million dollars just two months before the crash.
In the 1930s, he began to invest heavily in Canadian mining, discovering gold and then uranium. He secretly acquired mining rights to some 56,000 acres, which became two huge uranium mines. By the mid 1950s, his interests stretched across Canada and the United States, involving him in more than two dozen mining and oil companies. Shortly thereafter, he began to reduce his business interests. His fortune was once estimated at more than one hundred million dollars.
Joseph H. Hirshhorn with Smithsonian Regent and Vice-President Nelson Rockefeller, at the Museum's First Anniversary, December 9, 1975. When he began to make money, he began to buy art, both paintings and sculpture. Using only his own tastes as guidance, he bought and bought, until the size of his private collection had grown to some 5,600 pieces. In the 1950s, he hired an art dealer, Abram Lerner, to curate his collection. Even Lerner could not always keep track of the acquisitions. Hirshhorn would sweep into a gallery and make so many purchases that the dealer felt his head spinning. In 1966 President Lyndon B. Johnson announced that Hirshhorn would donate his entire collection to the United States along with one million dollars to supplement the collection. A new museum would be constructed on the Mall as part of the Smithsonian Institution and would be named the Joseph H. Hirshhorn Museum and Sculpture Garden. The new museum opened in 1974 with Abram Lerner as its first director. It was called the most important development in art for the Capital since the Andrew Mellon gift of the National Gallery of Art.
Hirshhorn was married four times, lastly to Olga Zatorsky Cunningham, who shared his passion for art. His marriages produced four children and two adopted ones. He died in 1981.
eng
Latn
External Related CPF
https://viaf.org/viaf/98513493
https://www.wikidata.org/entity/Q4578324
https://www.worldcat.org/identities/lccn-n81-070783
https://id.loc.gov/authorities/n81070783
Other Entity IDs (Same As)
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Internal CPF Relations
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Languages Used
Subjects
Art, Modern
Art
Art
Art
Nationalities
Americans
Activities
Occupations
Art collectors
Brokers
Entrepreneur
Legal Statuses
Places
District of Columbia
AssociatedPlace
Death
Canada
AssociatedPlace
Jelgava (Latvia)
AssociatedPlace
Birth
New York
AssociatedPlace
Convention Declarations
<conventionDeclaration><citation>VIAF</citation></conventionDeclaration>