Sir David Yule, 1st Baronet (4 August 1858 – 3 July 1928) was a Scottish businessman based in British India. The Oxford Dictionary of National Biography judged him "arguably the most important businessman in India" and quoted his obituary in The Times as "one of the wealthiest men, if not the wealthiest man, in the country".[1]
David was born in Edinburgh, the son of David Yule and his wife Margaret. His father was a writer who also worked as a cashier at the Sasine Office, Register House. David was educated in Britain and went into the family business, which was trade with India, then the "jewel in the crown" of the British Empire.
Careeredit
David joined Andrew Yule and Company, a conglomerate with diversified interests, which was founded by both his uncles, Andrew Yule and George Yule. The principal business of the company was the export of jute fiber. Over time the Yules became progressively integrated in India from plantation to textile mills.
His uncle George died childless in 1892. His uncle Andrew had a daughter, Annie Henrietta, whom David married in 1900. Andrew died in 1902 and at this point, the entire Yule conglomerate came under David's control.
David Yule was knighted by King George V in India on 4 January 1912[2] and was created a baronet, of Hugli River in Calcutta, on 30 January 1922.[3] He died on 3 July 1928. His baronetcy lapsed at his death for lack of an eligible heir.
The New York Times reported that his daughter inherited $100 000 000 on his death,[4] equivalent to $1.6 billion in 2022 money.[5]
Personal lifeedit
David and Annie Yule had one child, a daughter called Gladys Yule (1903–1957). In 1925, the two women commissioned, as their family home, Hanstead House in Bricket Wood, Hertfordshire. Here, they set up a very successful horse breeding farm for the Arabian breed, known as the Hanstead Stud. Annie Yule also commissioned one of the largest private yachts ever built in the UK, Nahlin, which measured 1,574 tons Thames measurement, was 300 feet (91 m) long and was said to have cost £250,000. Descendants of the Yule family are still alive today in England. [6]
Referencesedit
^Russell, Iain F. (2004). "Yule family (per. 1863–1928), merchants and industrialists". Oxford Dictionary of National Biography (online ed.). Oxford University Press. doi:10.1093/ref:odnb/61112. Retrieved 15 January 2019. (Subscription or UK public library membership required.)
^TIMES, Special Correspondence of THE NEW YORK (15 July 1928). "MILLIONS INHERITED BY ENGLISHWOMEN; Miss Gladys Yule's Estate, Put at $100,000,000, Recalls Recent Large Fortunes". The New York Times. Retrieved 16 January 2022.
^"$1,000,000 in 1928 → 2022 | Inflation Calculator". in2013dollars.com. Retrieved 16 January 2022.
^Tinniswood, Adrian (2016). The Long Weekend: Life in the English Country House Between the Wars. London: Jonathan Cape. p. 220. ISBN9780224099455.
External linksedit
at the Wayback Machine (archived 26 October 2009) at the Yule Family website
david, yule, baronet, canadian, field, hockey, player, david, yule, field, hockey, august, 1858, july, 1928, scottish, businessman, based, british, india, oxford, dictionary, national, biography, judged, arguably, most, important, businessman, india, quoted, o. For the Canadian field hockey player see David Yule field hockey Sir David Yule 1st Baronet 4 August 1858 3 July 1928 was a Scottish businessman based in British India The Oxford Dictionary of National Biography judged him arguably the most important businessman in India and quoted his obituary in The Times as one of the wealthiest men if not the wealthiest man in the country 1 Contents 1 Early life 2 Career 3 Personal life 4 References 5 External linksEarly life editDavid was born in Edinburgh the son of David Yule and his wife Margaret His father was a writer who also worked as a cashier at the Sasine Office Register House David was educated in Britain and went into the family business which was trade with India then the jewel in the crown of the British Empire Career editThis section needs additional citations for verification Please help improve this article by adding citations to reliable sources in this section Unsourced material may be challenged and removed Find sources Sir David Yule 1st Baronet news newspapers books scholar JSTOR December 2022 Learn how and when to remove this template message David joined Andrew Yule and Company a conglomerate with diversified interests which was founded by both his uncles Andrew Yule and George Yule The principal business of the company was the export of jute fiber Over time the Yules became progressively integrated in India from plantation to textile mills His uncle George died childless in 1892 His uncle Andrew had a daughter Annie Henrietta whom David married in 1900 Andrew died in 1902 and at this point the entire Yule conglomerate came under David s control In 1919 David Yule and Thomas Catto 1st Baron Catto formed Yule Catto and Company Ltd which is now known as Synthomer and is listed on the London Stock Exchange Among his other business interests were directorships of Midland Bank Mercantile Bank of India Vickers Limited the Royal Exchange Assurance Company and ownership of the Daily Chronicle newspaper which he purchased from Lloyd George David Yule was knighted by King George V in India on 4 January 1912 2 and was created a baronet of Hugli River in Calcutta on 30 January 1922 3 He died on 3 July 1928 His baronetcy lapsed at his death for lack of an eligible heir The New York Times reported that his daughter inherited 100 000 000 on his death 4 equivalent to 1 6 billion in 2022 money 5 Personal life editDavid and Annie Yule had one child a daughter called Gladys Yule 1903 1957 In 1925 the two women commissioned as their family home Hanstead House in Bricket Wood Hertfordshire Here they set up a very successful horse breeding farm for the Arabian breed known as the Hanstead Stud Annie Yule also commissioned one of the largest private yachts ever built in the UK Nahlin which measured 1 574 tons Thames measurement was 300 feet 91 m long and was said to have cost 250 000 Descendants of the Yule family are still alive today in England 6 References edit Russell Iain F 2004 Yule family per 1863 1928 merchants and industrialists Oxford Dictionary of National Biography online ed Oxford University Press doi 10 1093 ref odnb 61112 Retrieved 15 January 2019 Subscription or UK public library membership required No 28614 The London Gazette 4 June 1912 p 4036 No 32668 The London Gazette 11 April 1922 p 2916 TIMES Special Correspondence of THE NEW YORK 15 July 1928 MILLIONS INHERITED BY ENGLISHWOMEN Miss Gladys Yule s Estate Put at 100 000 000 Recalls Recent Large Fortunes The New York Times Retrieved 16 January 2022 1 000 000 in 1928 2022 Inflation Calculator in2013dollars com Retrieved 16 January 2022 Tinniswood Adrian 2016 The Long Weekend Life in the English Country House Between the Wars London Jonathan Cape p 220 ISBN 9780224099455 External links editYules of Kincardineshire at the Wayback Machine archived 26 October 2009 at the Yule Family website Andrew Yule amp Co Ltd Yule Catto amp Co plcBaronetage of the United KingdomNew creation Baronet of Hugli River 1922 1928 Extinct nbsp This Scottish business related biographical article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Sir David Yule 1st Baronet amp oldid 1191252090, wikipedia, wiki, book, books, library,
