Sassoon was born on 25 July 1818 in Baghdad into the JewishSassoon family. He was educated in India. After his father's death, he served as head of his family's merchant company "David Sassoon & Sons". Under Albert Sassoon's leadership "David Sassoon & Sons" established in 1874 in Bombay a new subsidiary, the "Sassoon Spinning and Weaving Company", which opened serval cotton mills there. In 1875 the company built the Sassoon Docks, the first wet docks in Bombay. The company was also instrumental in the founding of the Imperial Bank of Persia in 1889. After a visit to England in 1873 Albert Sassoon settled there permanently in 1875 to direct "David Sassoon & Sons" from London. The management of the company's affairs in Bombay was left to his younger brotherSolomon David Sassoon. Albert Sassoon died in Brighton in 1896, aged 78, and was buried in the Sassoon Mausoleum, which he had built in Brighton. In 1933 his body was removed and reburied in the Liberal Jewish Cemetery, Willesden in London.
Philanthropy and honors
He was a major benefactor to the city of Bombay. Among his gifts was a significant contribution towards the reconstruction of the Elphinstone High School and the erection of a large equestrian statue of the Prince of Wales, Albert Edward, commemorating his visit to India in 1875. He also financed many scholarships and became a close adviser to the government on educational and building projects. David Sassoon donated Rs. 60,000, while the Government of Bombay Presidency bore the remainder of the cost of Rs. 65,000, for the construction of the David Sassoon Library and Reading Room on Rampart Row, Kala Ghoda in Bombay. Its construction was completed in 1870, and like many buildings in the vicinity such as Elphinstone College, Army and Navy Buildings and Watson's Hotel, it was built using yellow Malad stone. The entrance portico bears his white stone bust. The Dr. Bhau Daji Lad Museum, formerly The Victoria and Albert Museum, was built with the patronage of many wealthy Indian businessmen and philanthropists including Albert Sassoon, Sir Jamsetjee Jejeebhoy and Jaganath Shunkerseth. In 1866 Sassoon was made a Companion of the Order of the Star of India, and in 1872 a Knight Companion of the Order of the Bath. Around the same time he received "Order of Lion and Sun" from Shah of Persia for "work in Persia and his services in development of Persian commerce". During his visit to England in 1873 he received the freedom of the city of London. After Albert Sassoon had settled in England he was created Baronet Sassoon in 1890.
Family
Albert Sassoon married Hannah Meyer Moise in 1838. They had six children. The eldest son was Edward Sassoon, who in turn was the father of Philip Sassoon and Sybil Cholmondeley, Marchioness of Cholmondeley. Albert Sassoon's father, David Sassoon, was a leading Baghdad merchant and a treasurer under Ahmet Pasha, the Governor of Baghdad. However, he fled after he was implicated in a corruption scandal, moving from Baghdad to Bushire, in Iran, and finally settled in Bombay in 1832, where he founded a large mercantile business, called "David Sassoon & Sons". Albert Sassoon's great-great-great-grandson is the actor Jack Huston.
