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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.
Samuel Sachs was the son-in-law of Marcus Goldman and joined the family business in 1882. He helped build the firm's reputation as a safe and conservative broker, expanded its international presence, and advocated for issuing stock as a way to raise capital.
Samuel Sachs was a partner and leader of Goldman Sachs from 1882 to 1930, along with his brother Harry and his sons Arthur, Paul and Walter. Learn how they shaped the firm's growth, international expansion and survival through the Great Depression.
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.
Learn about Samuel Sachs, one of the founders of Goldman, Sachs and Company, who pioneered the use of stock issuance for new companies. Explore his biography, achievements, and initiatives in the finance industry.
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Learn about the founders of Goldman Sachs, one of the world's largest investment banks. Goldman was a German-Jewish immigrant and Sachs was his son-in-law and successor.
