Marshall Field III was born on September 28, 1893, in Illinois, into a wealthy and influential family. He was the heir to the family department store fortune, a legacy that would shape his future endeavors.
After serving in World War I, Field decided to enter the business world and started his career as a bond trader in Chicago. His experience in the financial sector eventually led him to establish his own investment firm, marking the beginning of his entrepreneurial journey.
In the 1940s, Field made a significant impact in the media industry by founding the Chicago Sun-Times newspaper and launching the Parade magazine supplement. These ventures not only showcased his business acumen but also established him as a prominent figure in the publishing world.
Field was also known for his philanthropic efforts, making substantial donations to cultural institutions such as the New York Philharmonic Symphony Orchestra and the Metropolitan Museum of Art, where he served as a trustee. His contributions left a lasting impact on the arts and cultural landscape of the time.
Field's personal life was equally noteworthy. He was married to Audrey James Coats, who happened to be the goddaughter of King Edward VII. This union added a touch of royalty to his already prestigious lineage, further solidifying his place among the elite.
Field's impact extended beyond his own lifetime. In 1944, he purchased the Simon & Schuster publishing company, only to have his heirs later return it to its original founders, Richard L. Simon and M. Lincoln Schuster. This act of generosity and respect for the company's legacy speaks to Field's character and enduring influence in the business world.
Overall, Marshall Field III's life was a testament to his entrepreneurial spirit, philanthropic values, and commitment to excellence. His legacy continues to inspire generations of aspiring business leaders and benefactors, leaving an indelible mark on the worlds of business, media, and culture.