The Camondo family was once part of the
Sephardic community in
Spain, but the family settled in
Venice after the
1492 Spanish decree that ordered the expulsion of all Jews who refused conversion to
Catholicism. There, some of its members became famous for their scholarship and for the services which they rendered to their adopted country. Following the
Austrian takeover of Venice in 1798, members of the Camondo family travelled between
Vienna and
Istanbul. Despite the many restrictions and sumptuary laws imposed on
non-Muslims, the family flourished as merchants in the business section at
Galata, on the outskirts of the city. They branched into finance in 1802 with the founding of their own bank, named
Isaac Camondo & Cie. Upon the death of Isaac Camondo in 1831, his brother
Abraham Salomon Camondo inherited the bank. He prospered greatly and became the prime banker to the
Ottoman Empire until the founding in 1863 of the
Imperial Ottoman Bank. In 1865, he relinquished his Austrian citizenship to become a national of the recently created
Kingdom of Italy. In recognition of his contributions and financial assistance to the liberation of
Venetia from the
Austrian Empire, Abraham Salomon Camondo was
ennobled as a hereditary
count in 1867 by
King Victor Emmanuel II of Italy. The operations of the Camondo bank reflected the transformation of the Jewish community in Constantinople and beyond it, and of the Ottoman financial system. Its ledger of real estate transactions was originally held in Hebrew from 1833 to 1858, then in Italian until 1866, then in French. In 1869, Abraham Salomon Camondo's grandsons (1829–1889) and
Nissim Camondo (1830–1889) moved to
Paris, France, a city the family had previously frequented and where they had established business connections. Abraham Salomon soon followed them there and died in Paris in 1873, but in accordance with his wishes, his remains were returned to Istanbul for burial there in the Jewish cemetery at
Hasköy, a neighbourhood on the
Golden Horn in Istanbul. His two grandsons remained in Paris and continued to successfully expand the banking business from there until their respective deaths, both in 1889, while keeping a strong link with their native Constantinople. The next generation, cousins
Isaac and
Moïse Camondo, both based in Paris, did not display interest in further developing the family business. The banking operations in Constantinople were closed by decision of Isaac Camondo in 1894. The banking branch of this family is now extinct after the last descendants died –
Nissim de Camondo was killed in aerial combat during
World War I in 1917, his father
Moïse de Camondo died in 1935, then his sister
Béatrice de Camondo, along with her two children (Fanny and Bertrand), and her ex-husband
Léon Reinach were deported and murdered at
Auschwitz around 1944 during
World War II. However, there are several living descendants of Isaac Camondo, who was Abraham Salomon's brother and founder of the bank. ==Principal members of the Camondo family==