John Julius Angerstein(circa 1732-1823), Merchant and picture collector
Sitter in 7 portraits
Angerstein was an insurance broker, a philanthropist and connoisseur of art. Born in Russia, to a German family, Angerstein subsequently came to London to work in his father’s firm. Angerstein made much of his wealth as an underwriter with Lloyds of London, and much of that business was concentrated insurance of slave ships in the Atlantic. Angerstein also owned plantations in the Caribbean and was a trustee of enslaved peoples and estates in Grenada. Nonetheless, he belonged to the Committee for the Relief of the Black Poor, an organisation with abolitionist interests. Apart from charitable work, he invested this wealth in property and artworks. His collection at his Pall Mall home became the basis for the National Gallery when acquired by the Government in 1824.