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	<title>Blaustein Philanthropic Group &#8211; Baltimore Magazine</title>
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	<title>Blaustein Philanthropic Group &#8211; Baltimore Magazine</title>
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		<title>Forbes: Baltimore Family Among U.S. Richest</title>
		<link>https://www.baltimoremagazine.com/section/community/forbes-baltimore-family-among-u-s-richest/</link>
		
		<dc:creator><![CDATA[Ron Cassie]]></dc:creator>
		<pubDate>Fri, 11 Jul 2014 11:56:00 +0000</pubDate>
				<category><![CDATA[News & Community]]></category>
		<category><![CDATA[Amoco]]></category>
		<category><![CDATA[Blaustein Philanthropic Group]]></category>
		<category><![CDATA[Forbes]]></category>
		<category><![CDATA[Koch brothers]]></category>
		<category><![CDATA[Marriott]]></category>
		<category><![CDATA[Perdue]]></category>
		<category><![CDATA[Wal-Mart]]></category>
		<guid isPermaLink="false">https://www.baltimoremagazine.com/?p=67803</guid>

					<description><![CDATA[It&#8217;s not Walton family or Koch brothers money, but it&#8217;s real dough. Forbes magazine ranks Baltimore&#8217;s&#160;Blaustein family, heirs to the American Oil Company, Amoco for shorthand, at&#160;No. 108 among the richest U.S. families, with a fortune&#160;estimated at&#160;$2.1 billion. Blaustein&#8217;s heirs, Forbes notes,&#160;include prominent local families such as the Rosenbergs, Hoffbergers, Thalheimers, and Hirschorns. The&#160;Walton family, &#8230; <a href="https://www.baltimoremagazine.com/section/community/forbes-baltimore-family-among-u-s-richest/">Continued</a>]]></description>
										<content:encoded><![CDATA[<p>It&#8217;s not Walton family or Koch brothers money, but it&#8217;s real dough.</p>
<p><em>Forbes</em> magazine ranks Baltimore&#8217;s&nbsp;<a href="http://www.forbes.com/profile/blaustein/">Blaustein family</a>, heirs to the American Oil Company, Amoco for shorthand, at&nbsp;No. 108 among the richest U.S. families, with a fortune&nbsp;estimated at&nbsp;$2.1 billion.</p>
<p>Blaustein&#8217;s heirs, <em>Forbes</em> notes,&nbsp;include prominent local families such as the Rosenbergs, Hoffbergers, Thalheimers, and Hirschorns.</p>
<p>The&nbsp;<a href="http://www.forbes.com/profile/walton-1/">Walton family</a>, the owners of Wal-Mart for&nbsp;those keeping score, is worth an estimated $152 billion, which we imagine goes a&nbsp;long way in Arkansas. The Koch&#8217;s manage to get by on an&nbsp;estimated $89 billion fortune, with their company dating back to their father&#8217;s Kansas refining business, according to&nbsp;<a href="http://www.forbes.com/profile/koch/"><em>Forbes</em></a><em>.</em></p>
<p>A 14-year-old&nbsp;Lithuanian immigrant in 1883,&nbsp;Louis Blaustein (above photo) began delivering kerosene from a horse-drawn carriage in Baltimore with his son Jacob, founding the American Oil Company in 1910, according to the Blaustein Philanthropic Group&#8217;s&nbsp;<a href="http://www.blaufund.org/history/">website</a>. Today, the&nbsp;family remains involved with&nbsp;three businesses: American Trading and Production Corporation (Atapco), Lord Baltimore Capital Corporation, and Rosemore, Inc., as well as its deep philanthropic efforts.</p>
<p>Other noteworthy Maryland families making the <em>Forbes</em> list, are&nbsp;<a href="http://www.forbes.com/profile/perdue/">the Perdue family</a> of Salisbury, worth an estimated $2 billion, and&nbsp;<a href="http://www.forbes.com/profile/marriott/">the Marriott family</a> of Bethesda, worth an estimated $5.7 billion. Any idea&nbsp;where they&nbsp;made their money?</p>

<p><a href="https://www.baltimoremagazine.com/section/community/forbes-baltimore-family-among-u-s-richest/" rel="nofollow">Source</a></p>]]></content:encoded>
					
		
		
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