They gave millions to countless charities, civic causes, churches, educational institutions, and to making Detroit one of the finest cities in the world. They made large investments in oil, railroad and aviation equipment, banking and real estate.īut unlike many Detroit millionaires of today, the Fisher brothers often used their wealth to better the city and its people. They sold 60% interest in their company to GM - giving Fisher exclusive supplier status -– in 1919, and the rest of the 40% in 1925, for a reputed $208 million.
The brothers also introduced the first four-door sedan bodies. They had started the business with $50,000 (about $1.2 million today), and GM bought them out just 18 years later, in 1926, for $208 million (a staggering $2.5 billion today). This development not only transformed the automobile from a pleasure vehicle into the indispensable, world-changing, all-weather, year-round form of transportation it is today, it also transformed the brothers into filthy rich businessmen. They were responsible for creating the closed body chassis for Cadillac in 1910. Their timing was impeccable: Their business was founded just three months before the birth of General Motors Corp. They arrived in Detroit in 1908 and formed the Fisher Body Co.
and Margaret -– to work and play together, a mentality of one for all and all for one. From the days in their boyhood home in Norwalk, Ohio, the brothers learned from their parents -– carriage maker Lawrence Sr. – made a fortune making auto bodies for Detroit’s booming car industry. The Fisher brothers -– Frederick J., Charles T., William A., Lawrence P., Edward F., Alfred J. Like so much of Detroit’s history, the Fisher Building is tied to the automobile industry. Unquestionably, the golden tower of the Fisher Building is one of the most recognizable sights in Detroit’s skyline. in the 1920s," the National Park Service says. This world of shops, theater, art and architectural beauty is renowned architect Albert Kahn's masterpiece, “a superbly designed complex which displays some of the finest craftsmanship in any Art Deco style building constructed in the U.S. Once known as the Cathedral to Commerce, the 441-foot tower is decked to the nines in fancy marbles, mosaics, soaring, painted ceilings and a whole lot of brass and bronze. The Fisher - built by the Fisher brothers of “Body by Fisher" fame - opened in September 1928, at Second Avenue and Grand Boulevard. The building known as “Detroit’s largest art object" has been dropping jaws in New Center for more than 90 years.
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