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Biography of Daniel Keith Ludwig
Name: Daniel Keith Ludwig
Birth Date: June 24, 1897
Death Date: August 27, 1992
Place of Birth: South Haven, Michigan, United States
Nationality: American
Gender: Male
Occupations: entrepreneur
Daniel Keith Ludwig
Daniel Keith Ludwig (1897-1992) was an entrepreneur who amassed his fortune in shipping, building a fleet of tankers for government use during World War II and later a fleet of super tankers. Other endeavors included oil refining, saltwater conversion, agriculture, finance and banking, and an ambitious development project in the Amazon basin that eventually fell through.Daniel Ludwig was born in South Haven, Michigan, on June 24, 1897, the only child of a real estate agent. Little is known of his early years, except that he left school after the eighth grade and at age 19 went into the chartering business with ,000, raised mostly on his father's credit. With this money he bought an old steamer and converted it into a barge for hauling molasses on the Great Lakes. During the 1920s and 1930s Ludwig struggled to keep one old tanker after another running while searching for cargoes and charters. He moved into an …showed first 150 words…
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…showed last 150 words…worth at billion. However, six years later the magazine reported that the shipping operations of National Bulk Carriers, a New York-based shipping concern that was Ludwig's main corporate vehicle, had significantly diminished. When Ludwig died of heart failure on August 27, 1992, R. Palmer Baker, Jr., Ludwig's executor, estimated the endowment of the cancer institute at about 0 million but did not disclose the amount of Ludwig's own worth. Further Reading Ludwig is the subject of a single book-length biography, Jerry Shields, The Invisible Billionaire: Daniel Ludwig (1986). Shields reports several questionable practices on Ludwig's path to success, particularly the damage to the ecology of the Amazon basin in the failed jungle project.Ludwig's plans for the Jari Project are discussed in "One Man's Brazilian Empire," A. Machado, World Press Review, February, 1981; and "End of a Billion-Dollar Dream," Newsweek, January 25, 1982.His obituary, by Eric Pace, was in the August 29, 1992 edition of New York Times.
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