August Belmont IV
Investment Banker, Deceased Person
1908 – 1995
Who was August Belmont IV?
While a nineteen-year-old student, August Belmont IV inherited Belcourt Castle in Newport, Rhode Island from his uncle, Oliver Belmont. However, he did not keep the property and it was transfrered to another uncle, Perry Belmont. A graduate of Harvard University, in 1931 August Belmont IV went to work for the securities firm of Bonbright & Co. and remained in the industry for the rest of his working life. In the latter part of the 1940s he was hired by close friend Douglas Dillon to work for Dillon, Read & Co. Belmont became a partner in the investment banking firm and served as its president from 1962 until his retirement in 1971.
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