Alfred Beit
German born businessman and mining magnate in South Africa (1853-1906) · Founders · Died at 53
Alfred Beit was an Anglo-German gold and diamond magnate in South Africa, and a major donor and profiteer of infrastructure development on the African continent.
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He also donated much money to university education and research in several countries, and was the "silent partner" who structured the capital flight from post-Boer War South Africa to Rhodesia. Beit's assets were structured around the so-called Corner House Group, which through its holdings in various companies controlled 37 per cent of the gold produced at the Witwatersrand's goldfields in Johannesburg in 1913.
