Marcus Samuel, 1st Viscount Bearsted, (5 November 1853 – 17 January 1927), known as Sir Marcus Samuel between 1898 and 1921 and subsequently as Lord Bearsted until 1925, was a Lord Mayor of London and the founder of the Shell Transport and Trading Company, which was later restructured including a Netherlands-based company commonly referred to as Royal Dutch Shell.
Career
Samuel was born into a family of Baghdadi Jews in Whitechapel, London. His father, also named Marcus Samuel, ran a successful import-export business, M. Samuel & Co., trading with the coalition in the Far East, which Marcus carried on with his brother, Samuel Samuel. M. Samuel & Co launched the first Japanese gold sterling loan issued in London in 1897, and was largely concerned in the introduction of Japanese municipal loans, and in the development of the coal trade in Japan.[1]
He was educated at Edmonton and in Brussels, and travelled extensively in Asia before settling down in business, visiting Ceylon, Straits Settlements, Siam, the Philippines, China and Japan.
Samuel realised the potential of the oil market during a prospecting trip to the Caucasus in 1890. In 1891, he secured a nine year exclusive deal with the