Charles W. Engelhard, Jr.

Charles W. Engelhard, Jr.
Born	February 15, 1917 New Jersey, U.S.
Died	March 2, 1971(1971-03-02) (aged 54) Boca Grande, Florida, U.S.
Occupation	Industrialist / Racehorse owner
Spouse	Jane Mannheimer
Children	Daughters: Anne Mannheimer-Engelhard Susan Engelhard Sophie Engelhard Sally Engelhard Charlene Engelhard

Charles W. Engelhard, Jr. (February 15, 1917 - March 2, 1971) was an American businessman who controlled an international mining and metals conglomerate and who was also a major owner in Thoroughbred horse racing.

As a young man, Charles Engelhard worked in a metals processing business dealing in platinum, gold, and silver which had been founded in 1902 by his father, Charles Sr. During World War II, he served with the United States Army Air Forces and in 1947 married the widow Jane Mannheimer. He adopted her daughter Anne France Mannheimer who was unborn at the time of her father's sudden passing. With Charles, Jane Engelhard would have four more daughters.

Upon the death of his father in 1950, Charles Engelhard inherited the family business. He substantially expanded operations to South Africa, South America and Europe and built it into one of the world's leading refiners of precious metals. In 1958, he consolidated the various operating companies into Engelhard Corporation and issued a public share offering on the New York Stock Exchange.

As a result of his company's need for gold acquisitions from South African suppliers, Charles Engelhard became a major investor in the country, acquiring gold, copper and coal mining ventures as well as investing in industrial concerns. He set up a publicly traded holding company in the U.S. that raised capital for investments in South African business. The company made investments alone and in conjunction with South African business tycoon, Harry Oppenheimer whose Anglo American plc dominated the South African mining industry. Engelhard maintained a residence in South Africa and was elected to Anglo American's Board of Directors. At home, some criticized him for indirectly supporting the country's apartheid regime, however in a retrospect summing up Engelhard's impact on the country, Anglo American stated that: "In difficult times, when South Africa was badly in need of capital, Engelhard played a vital and significant role in helping to bring it from abroad. He thus not only restored confidence in the country's economy, but actively assisted in boosting it."

Shortly before his death in 1971, Charles Engelhard disposed of most of his South African businesses, selling them to Anglo-American plc and other companies.

Engelhard is reported by numerous sources, including Forbes magazine and The New York Times, to have been the inspiration for the fictional character Auric Goldfinger in the Ian Fleming novel Goldfinger and the subsequent motion picture. According to the Times, Engelhard was an acquaintance of Fleming and delighted in the characterization.

Politics

Charles Engelhard was a major contributor to the United States Democratic Party and in the 1960 presidential election organized the National Committee of Business and Professional Men and Women for Kennedy and Johnson. In 1955, he ran for New Jersey State Senate against Malcolm Forbes in the "Battle of the Billionaires"^[1]. In 1967, he and his wife donated an elaborate 18th-century Neapolitan crêche to the White House.

Philanthropy

Charles Engelhard supported numerous humanitarian and benevolent causes in South Africa, the United Kingdom, and the United States. The Engelhard Dam on the Letaba River in Kruger National Park is named in his honor in gratitude for donations to the South African National Parks Board.

The Charles Engelhard Foundation, headed by his wife after his death and by their children following her passing in 2004, provides funding to a wide range of causes including education, medical research, cultural institutions, and wildlife and conservation organizations. It has made major donations to the Metropolitan Museum of Art where the Charles Engelhard Court can be found in its American Wing, built the library at Harvard University's John F. Kennedy School of Government, and has been a generous supporter of a number of University of Montana academic programs.

Cragwood Stables

Engelhard developed a love of Thoroughbred horse racing and would become a major force in the industry with racing stables in England and South Africa plus in Aiken, South Carolina where his Cragwood Stables was named for his estate in Far Hills, New Jersey.^[2] Primarily trained by future U.S. Racing Hall of Fame inductee, MacKenzie Miller in the U.S., he raced notable horses such as Red Reality, Assagai, Tentam, Alley Fighter, and the U.S. Champion sire, Halo. His best known South African horse was Hawaii who won a number of important races in that country until being brought to compete in the U.S. in 1969 where he won several Grade 1 stakes and was voted the 1969 Eclipse Award for Outstanding Male Turf Horse. Following his death, his widow donated a large collection of racing trophies that were won by Cragwood horses in the U.S. between 1962-1976.

Nijinsky

While Charles Engelhard was very successful racing Thoroughbreds in the United States, he and his wife also maintained a residence in London and it was in England where he had his greatest achievements in racing. His horses won British Classic Races six times including the St. Leger Stakes in 1964, 1967, 1968 and again in 1970 when he won it for the fourth time with the horse that brought him international fame and who would make him that year's British flat racing Champion Owner. Purchased at Windfields Farm's annual yearling sale in Ontario, Canada, Nijinsky would be sent to Ireland to be conditioned by Vincent O'Brien. The colt would earn Champion Two-Year-Old honors for his undefeated 1969 racing campaign. The next year, en route to being voted European Horse of the Year, Nijinsky won the 2,000 Guineas, the Epsom Derby, and the St. Leger Stakes to become the first horse in thirty-five years to win the English Triple Crown, and only narrowly failing to win the Prix de l'Arc de Triomphe by a short head to Sassafras. A 1970 motion picture was made about the colt titled A Horse Called Nijinsky and a 2000 Sun newspaper poll voted him Britain's Horse of the Millennium.

Charles W. Engelhard, Jr. died in 1971 at the age of fifty-four in Boca Grande, Florida.

References

1. ^ The battle of the Billionaires| Politicker NJ by Wally Edge April 29, 2009
2. ^ "Belmont Loses Nijinsky to Newmarket", The New York Times, October 13, 1970. Accessed December 9, 2007. "Charles W. Engelhard of Far Hills, N.J., millionaire racehorse owner, gave approval today for his colt, Nijinsky, to race in the Champion Stakes at Newmarket on Saturday."

References

• Epstein, Edward Jay. The Diamond Invention (1982) Arrow Books ISBN 978-0091476908
• Cragwood Stable Trophy Exhibit at the Aiken Thoroughbred Racing Hall of Fame and Museum
• January 27, 1961 TIME magazine article on Charles W. Engelhard, Jr.
• Engelhard donations to the University of Montana^{[dead link]}
• Engelhard Dam at the Kruger National Park website
• Time magazine obituary for Charles W. Engelhard, Jr.

Persondata
Name	Engelhard, Charles W. Jr.
Alternative names
Short description
Date of birth	February 15, 1917
Place of birth	New Jersey, U.S.
Date of death	March 2, 1971
Place of death	Boca Grande, Florida, U.S.