August Thyssen was a prominent German industrialist born on May 17, 1842, in Düsseldorf. He founded the Thyssen Group, which became one of the largest steel and coal companies in Europe during the late 19th and early 20th centuries. His business acumen and investments in the steel industry significantly contributed to Germany's industrial growth. Thyssen's company played a crucial role in the development of the Rhineland region's economy. He was known for his innovative approaches to production and management, which helped establish a strong foundation for the Thyssen family legacy in industrial manufacturing. August Thyssen passed away on April 4, 1926.