Victorian Gold Mining and the Recovery of the Baillieu Fortune in the 1890s

Journal of Australasian Mining History, Vol. 9, September 2011

15 Pages Posted: 29 Jun 2013

Date Written: September 1, 2011

Abstract

William Lawrence Baillieu (1859-1936) founded one of Australia largest and most long-lasting family fortunes. He made his first fortune as a real estate agent and land developer in the Melbourne land boom of the 1880s, but lost almost everything in the crash of the early 1890s. Although the Victorian economy remained in deep depression throughout the 1890s, Baillieu made a new fortune and by 1900 was again a wealthy man. The sources of his new wealth have always been a mystery. This paper shows that Bailleu’s business operations as a real estate agent, company liquidator and company promoter produced a reasonably steady income stream, but it was the super profits he made from Victorian gold mines that were the main source of his new fortune.

Keywords: Baillieu, family fortunes, gold-mining, Victoria

JEL Classification: N37, N57, N87

Suggested Citation

Yule, Peter, Victorian Gold Mining and the Recovery of the Baillieu Fortune in the 1890s (September 1, 2011). Journal of Australasian Mining History, Vol. 9, September 2011, Available at SSRN: https://ssrn.com/abstract=2270563

Peter Yule (Contact Author)

University of Melbourne ( email )

185 Pelham Street
Carlton, Victoria 3053
Australia

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
20
Abstract Views
360
PlumX Metrics