Calouste Sarkis Gulbenkian (, Western ; 23 March 1869 – 20 July 1955), nicknamed "Mr Five Per Cent", was a British-Armenian businessman and philanthropist. He played a major role in making the petroleum reserves of the Middle East available to Western development and is credited with being the first person to exploit Iraqi oil. Gulbenkian travelled extensively and lived in a number of cities including Istanbul, London, Paris and Lisbon.
Throughout his life, Gulbenkian was involved with many philanthropic activities including the establishment of schools, hospitals, and churches. The Calouste Gulbenkian Foundation, a private foundation based in Portugal, was created in 1956 by his bequest and continues to promote arts, charity, education, and science throughout the world. It is now among the largest foundations in Europe. By the end of his life he had become one of the world's wealthiest people and his art acquisitions one of the greatest private collections.
Biography
Family background
Gulbenkian's family are believed to be descendants of the Rshtunis, an Armenian noble family centred around Lake Van in the 4th century AD. In the 11th century, the Rshtunis settled in Caesarea (now Kayseri), taking the name Vart Badrik, a Byzantine title. With the arrival of the Ottoman Turks, the Turkish equivalent of the name, Gülbenk, was adopted. The family had established themselves in the town of Talas and lived in the region until the mid-1800s, when they ultimately moved to Constantinople ( present day Istanbul). Their property in Talas was ultimately confiscated and is currently owned by the Turkish Government.
Gulbenkian's family established close relations with the House of Osman. By 1860, his father Sarkis Gulbenkian was an Armenian oil importer and exporter already heavily involved in the oil industry. Sarkis was an owner of several oil fields in the Caucasus, mainly in Baku, and was a representative of Alexander Mantashev's oil company. Sarkis Gulbenkian also provided oil to the Sultan of the Ottoman Empire. During Hagop Pasha's Directorship, and, subsequently, Ministry of the Privy Treasury under Sultan Abdulhamid II in 1879, Sarkis acquired the lucrative collection of taxes for the Privy Purse of Mesopotamia.
Early life
Calouste Sarkis Gulbenkian was born on 23 March 1869 in Scutari (Üsküdar), in the Ottoman capital, Constantinople, (now Istanbul). He received his early education at Aramyan-Uncuyan, a local Armenian school. He then attended the Lycée Saint-Joseph French school and continued his studies at Robert College. These studies were cut short in 1884, when he moved to Marseilles at the age of 15 to perfect his French at a high school there.
Oil business
Immediately afterwards his father sent him to be educated at King's College London, where he studied petroleum engineering. He was a brilliant student and graduated in 1887 at the age of 18 with a first-class degree in engineering and applied sciences. A year later, he went to Baku to examine the Russian oil industry and to further his knowledge of the oil industry.
Gulbenkian later wrote an article entitled La Transcaucasie et la péninsule d'Apchéron; souvenirs de voyage ("Transcaucasia and the Absheron Peninsula – Memoirs of a Journey") which appeared in the Revue des deux Mondes, a French language monthly literary and cultural affairs magazine. The article described his travels to Baku and the state of the oil industry in the region. It was eventually published as a book in 1891 in Paris.
After Hagop Pasha's appointment as the Ottoman Minister of Finance in 1887, he had Calouste prepare an oil survey of Mesopotamia. To develop the oil survey, Calouste merely read travel books and interviewed railroad engineers that were surveying and building the Baghdad Railway. Gulbenkian's oil survey led Hagop Pasha to believe that vast oil deposits lay in Mesopotamia (modern Syria and Iraq), to acquire tracts of land for the Sultan's oil reserves, and to establish the Ottoman oil industry in Mesopotamia.