John Thornton (philanthropist)

From Wikipedia, the free encyclopedia

Portrait of John Thornton (Thomas Gainsborough)

John Thornton (1720–1790) was a British merchant and Christian philanthropist who became wealthy through investment in the North Sea Russia trade. In accordance with his Christian faith, he gave much of his money away to good causes, as one of the major philanthropists of the eighteenth century. It was said that, at the time of his death in 1790, Thornton had become the second richest man in Europe.

Descended from a Hull family that had included five generations of merchants and local council officers who had been involved in the North Sea trade for several generations, John Thornton was born in Clapham, south of London in 1720 and was to inherit a huge fortune from his father Robert Thornton of Yorkshire, (1692–1742), a merchant who was to become a director of the Bank of England. His grandfather, also called John (1664–1731), had been one of Hull's leading exporters of lead and cloth to the Baltic nations in the early years of the eighteenth century.

Thornton used his inherited wealth to further his own career as a merchant and banker, also investing heavily in the lucrative Russian and Baltic trades and the recently founded sugar refining trade in Hull, in which he had become a partner. Through these interests he acquired enormous riches, a large proportion of which he donated to philanthropic causes.

Conversion

It is thought that Thornton became an evangelical Christian after his marriage to Lucy Watson (daughter of Samuel Watson, one of his partners in the sugar refining business), herself deeply religious, and through his friendship with Rev. Henry Venn, an Anglican preacher who had been appointed curate of Holy Trinity Church, Clapham, around 1754.

His new-found faith had a profound effect on him, and he began giving away his money to individuals and deserving charities, as well as supporting various evangelical enterprises and other charitable causes, a way of living that continued for the rest of his life. For the remainder of his life, Thornton was to give away half of his annual income and donate it to a variety of causes; and to arrange for the printing and distribution of thousands of Bibles and hymnals to churches and schools that had none, as well as supporting preachers in colonial America.

Philanthropy

Personal life

References

Related Articles

Wikiwand AI