![]() In his biography of gangster Arnold Rothstein titled "Rothstein: The Life, Times, and Murder of the Criminal Genius Who Fixed the 1919 World Series", author David Pietrusza alleged that Loewenstein became partners with Rothstein to fund a major drugs deal in spring 1928, and that his death would have cut off the necessary funding, causing Rothstein to dig deeper into his already stretched resources to prevent the deal collapsing. In 2019, Sotheby's International Realty shows the house. In 1926, he bought a sumptuous house in Biarritz, in the French Basque Country, with a view on the Bay of Biscay and the Atlantic Ocean. However, he was rebuffed in his attempt to take over a Canadian company called Brazilian Traction, Light, and Power, a huge operation building infrastructure in Brazil. In 1926, Loewenstein established "International Holdings and Investments Limited", which raised huge amounts of capital from wealthy investors wishing to get aboard his bandwagon of success. The British government made Loewenstein a Companion of The Most Honourable Order of the Bath. By the mid-1920s, Loewenstein's reputation was such that he was consulted by heads of state from around the globe. ![]() Loewenstein made an enormous fortune providing electric power facilities for developing countries worldwide through his Belgian-based company, Société Internationale d'Énergie Hydro-Électrique (SIDRO). Internationale d'Énergie Hydro-Électrique, issued 6. His horses won the 19 runnings of the Grand Steeple-Chase de Paris. Loewenstein was an owner of a successful stable of thoroughbred steeplechase race horses. He partnered with the investment house of Canadian-born Sir James Dunn in several business ventures, the duo emerging with more than £1,000,000 profit from their 1920s investment in British Celanese alone. At war's end, he maintained a residence in England where he ran an investment business that made him one of Europe's most powerful financiers. Loewenstein offered his government in exile US$50 million, interest-free, to stabilize the Belgian currency in return for the right to print Belgian francs. Alfred established his own banking concern, and was a wealthy man by 1914. Loewenstein is remembered today for his mysterious disappearance and death in 1928.Īlfred Loewenstein was born in Brussels, Belgium, to Bernard Loewenstein, a German-Jewish banker who converted to Catholicism, and the daughter of Brussels stockbroker Chrétien Dansaert, a Catholic. His wealth came from investments in electric power and artificial silk businesses when those industries were in their infancy. At his peak in the 1920s, Loewenstein was worth around £12 million in the currency of the time (equivalent to £769.2 million in 2021), making him the third-richest person in the world at the time. Alfred Léonard Loewenstein CB (11 March 1877 – 4 July 1928) was a Belgian financier.
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