George Albu

Sir George Albu, 1st Baronet was a mining magnate in the diamond and gold industries of South Africa.

George Albu was born in Brandenburg, Germany in 1857. The sons of Simon Albu and Fanny Sternberg , George and his brother Leopold were German Jews who emigrated to South Africa in 1876. On arrival in Cape Town, George became an assistant at the haberdashery counter in Stuttafords. After some time in Cape Town, they moved to the diamondfields of Kimberley, accumulated financial interests, and sold out to De Beers at a substantial profit, before settling on the Witwatersrand and becoming a naturalized Transvaal citizen in 1887. George Albu purchased the ailing Meyer and Charlton Mine, restructured it, and onDecember 1895 he and his brother established General Mining and Finance Corporation. Naturalized as a UK citizen in 1911, he was created 1st Baronet Albu of Johannesburg onFebruary 1912 at that time baronetcies were bestowed on a large number of Randlords. In 1911 Sir George Albu bought the Parktown mansion, Northwards, for 12,000 . He held the office of Danish General Cons

Source: Wikipedia