Avraam Isakovich Zak (1829–1893; last name also spelled Sack
Early life
Zak was born to a well-established family in
Bobruisk (now in
Belarus) in 1829.
Zak was self-taught in mathematics and later in economics, and exhibited an interest in both
Hebrew literature and music.
In addition, during his childhood, Zak might have been influenced by the local
, or supporters of the
Haskalah (European Jewish enlightenment).
Career
Zak began his career working for
Baron Evzel Ginsburg, first working as a clerk in the liquor store business, working as Ginsburg's chief accountant,
and then working for Baron Ginsburg's bank in
Petrograd (St. Petersburg).
In 1871, Zak became the director of the Petersburg Discount Lending Bank, owned by Leopold Kronenberg (who was also Jewish);
this bank emerged became one of the largest banks in Russia under Zak's leadership.
Also, Zak helped build one of Russia's first railroads and built the Libavo–Romni track line, thus allowing development to occur in northwestern Russia.
Due to his deep knowledge of economics, the Russian government sometimes consulted with Zak on economic matters, such as how to prevent a severe financial crisis in the event of war (Zak suggested having the Russian treasury accumulate gold reserves).
Zak was offered the position of Deputy Finance Minister of Russia on condition that he converted to
Christianity, but he rejected this offer.
Throughout his life, Zak supported various Jewish organizations in Petrograd (Saint Petersburg) as well as the city's Jewish orphanage and Jewish school.
Death
Avraam Zak died in
Hessen, Germany in 1893 while he was travelling abroad for medical treatment.
He was either 63 or 64 years old at the time of his death.
