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Samuel Sachs (/ z ɑː k s /; July 28, 1851 – March 2, 1935) was an American investment banker. He is most known for co-founding Goldman Sachs along with Marcus Goldman. He is noted for changing the nature of merchant banking by underwriting of the flotation of many major companies through the use of these sales to raise funds.
Marcus Goldman's youngest daughter, Louisa, married Samuel Sachs, the son of Joseph Sachs, fellow Lower Franconia, Bavaria immigrant. Louisa's older sister and Sam's older brother had already married.
Thirteen years after beginning operations, Marcus Goldman invited his son-in-law Samuel Sachs to the business. Born in 1851 in Maryland, Samuel Sachs had begun working at 15 as a bookkeeper and went on to run a small boards, glass, and mirrors business.
When Marcus Goldman brought his son-in-law Samuel Sachs on as his business partner in 1882, neither man could know that it would be the beginning of a partnership that would last for more than a century and a half, employing generations of both families.
SAMUEL SACHS. In 1882, Goldman's son-in-law Samuel Sachs joined the firm, marking the beginning of the Sachs family's leadership and ownership. Sachs helped grow Goldman Sachs into new areas such as underwriting IPOs, taking companies like Sears, Roebuck and Company public, and expanding into markets across the US.
Samuel Sachs. Goldman, Sachs and Company. 1904–1928. Industry: Finance. Era: 1900. Sachs, together with his friend Philip Lehman of Lehman Brothers, was one of the first to realize the potential of issuing stock as a way for new companies to raise funds.
Marcus Goldman and Samuel Sachs were Jewish American businessmen and financiers who founded Goldman Sachs, one of the world's largest investment banks. Goldman was a German-Jewish immigrant businessman. He was born in what is now Germany and immigrated to the United States in 1848.
