William Lawrence Baillieu (29 April 1859 – 6 February 1936) was an Australian financier and politician. He was a successful businessman, having developed significant business interests from his relatively humble beginnings. He associated with many of the most influential people of his era, and served in the Victorian Legislative Council for 21 years, including stints as Minister for Works and Health and leader of the Legislative Council. As such, he began the Baillieu family dynasty, several members of which remain prominent figures in public life today. Life and politics Baillieu was born in Queenscliff, Victoria in 1859. He was the second son of James George Baillieu and his wife Emma Lawrence, née Pow, relatively recent immigrants. He was educated at the local state school. He began working as an office boy in the Bank of Victoria at the age of fifteen, and remained with the bank for eleven years. In 1885, he went into partnership with J.D. Munro as auctioneers and estate agents. Two years later, he married Bertha Latham, with whom he would later have three sons and four daughters. The partnership with Munro broke up in 1892 and Baillieu founded his own business as an auctioneer, land agent and finance broker. He made and lost a fortune in the Victorian land boom of the 1890s, but was able to avoid bankruptcy due to a little-known loophole in the insolvency law of the time which was exploited by his solicitor, Theodor Fink. As a result of the loophole, Baillieu was able to clear his debts by paying only a tiny fraction of the sum owed, and was able to escape the stigma of bankruptcy. Despite this hitch, he had developed a reputation as an able and competent financier, and became a director of the Herald & Weekly Times around the turn of the century. In 1901, Baillieu entered politics, standing for and being elected to the Victorian Legislative Council as the member for Northern Province. He was a backbencher for several years, but was promoted to the ministry with the ascension of John Murray as premier, serving as Minister of Public Works and Health. He also served as leader of the Legislative Council until 1917. Baillieu served as an honorary minister in the Murray, Watt and Peacock governments before retiring from politics altogether in 1922. Towards the end of his political career, Baillieu began to take advantage of the