Ernst Leitz junior
Photo: Unknown author Unknown author, Public domain, via Wikimedia Commons10

Ernst Leitz junior

German entrepreneur and humanitarian

Ernst Leitz II (1 March 1871 – 15 June 1956) was a German business person and humanitarian. He was the second head of the optics company now known as Leica Camera and organized the Leica Freedom Train to allow people, most of whom were Jewish, to escape from Germany during Nazi times.2

From Wikipedia’s article on Ernst Leitz junior (this version), CC BY-SA 4.0.

Born Mar 1, 1871, died Jun 15, 1956.1

Companies

Career

Occupation: entrepreneur.4

Entrepreneurial risk

With the words "I hereby decide: It will be risked", Leitz decided to launch the Leica 35-mm camera in 1924. This was his most significant entrepreneurial decision. Leitz recognized the trend toward compact, handy cameras at an early stage. This required the development of a new system for the 35 mm format (24 mm × 36 mm). World War I delayed the market launch of the new camera by ten years. German hyperinflation and the lack of interest on the part of the photographic trade in converting to the new technology hampered the market launch. However, Leitz saw an opportunity to give his workers secure employment during the Great Depression. Through his moral courage and his willingness to take risks (opening up a new market), Leitz laid the foundation for Leica's success.

From Wikipedia’s article on Ernst Leitz junior (this version), CC BY-SA 4.0.

Personal life

  • BornMar 1, 1871, Wetzlar5
  • DiedJun 15, 1956, Giessen6
  • CitizenshipGermany7

Awards

  • Date not recordedCommander's Cross of the Order of Merit of the Federal Republic of Germany8

Sources

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