The Phipps dynasty

By Laurie Bennett

June 23, 2014 at 10:56am

Bessemer Trust promises ultra-wealthy clients it will help manage money “so that it has a positive impact on your life and the lives of generations to come.”

As the Muckety map below shows, Bessemer stakeholders cleave to their mission.

Bessemer was founded by Henry Phipps in 1907, with the fortune he made in Carnegie Steel.

Henry Phipps
Henry Phipps

Begun as a vehicle for Phipps family investments, the firm opened up to other families 40 years ago. (The minimum investment is $10 million; the average is $43 million.) It now manages more than $96 billion in assets.

Phipps’s descendants have maintained control of the company for four generations, with Stuart S. Janney III, his great-grandson, currently serving as chairman.

Family members also continue to hold prominence in civic affairs. Phipps’s grandson, Raymond R. Guest, was U.S. ambassador to Ireland.

His granddaughter, Anne Sidamon-Eristoff, is a trustee of the American Museum of Natural History. Her son, Andrew Sidamon-Eristoff, is New Jersey state treasurer and a former New York City councilman.

Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

 Read related stories: Families · Recent Stories · Top one percent  


  • There are no comments yet, be the first by filling in the form below.

Leave a Comment

The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.

Become a fan of Muckety on Facebook

  • Search for stories
    Special Features

Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2017 Muckety LLC