successful and he sold it in 1867 to establish a new store, intending to open it elsewhere in New York. In the meantime, however, he did some work for another New York trading house. This work took him to Chicago, Illinois in 1871 during the Great Chicago Fire. Young saw potential in the regrowth of the city and established a wholesale jewelry house the next year as Otto Young & Co. In 1886, Young purchased a half interest in The Fair Store, a department store founded by Ernst J. Lehman, upon its incorporation. The store's value quintupled from $200,000 to $1 million by 1890. By 1901, the company employed over 3,000 people. Young was also on the board of directors of the First National Bank of Chicago and the Chicago City Railway. Young was also active in Chicago real estate. His largest holding was the Heyworth Building, designed by D. H. Burnham & Company. He also held portions of land under the Carson, Pirie, Scott and Company Building and the Auditorium Building. In declining health, Young sold his portion of The Fair in 1903. He intended to build a large hotel near the Auditorium Building. Personal life In 1867, Young married Ann Elizabeth Murphy. In 1901, his Renaissance Revival mansion, known as Younglands, was completed in Lake Geneva, Wisconsin. They had four daughters and a son that died young, including: John William Young (1872–1896), who died unmarried. Cecile Selma Young (1875–1935), who married Lawrence Heyworth and Josip Korwin. Marie Julia Young (b. 1878), who married Louis Graveraet Kaufman. Catherine Osborn Young (1880–1942), who married Byron Frank Hobart and Walter Forman Wickes. Laura Elizabeth Young (1881–1924), who married Samuel Klump Martin Jr. He was a member of the Union League Club of Chicago. He enjoyed collecting rugs, and his Persian collection in Lake Geneva was thought to be worth over $150,000. Young died on November 30, 1906, at his Lake Geneva estate and was buried in Chicago's Oak Woods Cemetery. He was thought to be worth about $20 million at the time of his death; $460,000 was donated to charity in his will, mainly to the Home for Incurables. Legacy In his son's memory, Young funded an addition to the Chicago Home for Incurables. In 1979, Younglands was listed on the National Register of Historic Places. References 1844 births 1906 deaths Businesspeople from Chicago People from Elberfeld People from Lake Geneva,