Alfred Beit

(1853—1906) mining magnate and philanthropist

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(1853–1906) South African financier and philanthropist. Of German origin, he settled in Kimberley as a diamond merchant in 1875 and became a close friend of Cecil Rhodes. His interest in gold greatly contributed to the development of the Rand and the British South African Company, and later of Rhodesia. He made benefactions to scholarship and the arts.

From A Dictionary of World History in Oxford Reference.

Subjects: World History.

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