LAST UPDATE: 20.07.2018; 16:06

The family's economic ascent gained considerable momentum when Israel Epstein put his calico printing factory into the hands of his son Lazar. Lazar, who later called himself Leopold, gradually shifted his business activities from manufacturing to trading and finally turned to banking.

Even though his son Gustav showed greater interest in cultural and aesthetic pursuits, he later took over the company in obedience to his father's wishes.