He then received a thorough commercial education in England and Germany before travelling widely in the United States, Australia and the Far East.

[2] The shipping activities played a still more dominant role in the operations after the company's mills were destroyed by fire in 1885 and 1890.

He sold Bodenhoffs Plads to Privatbanken a few years prior to his death and from then on focused entirely on the shipping activities.

He is one of the businessmen featured in Peder Severin Krøyer's monumental 1888 painting From Copenhagen Stock Exchange in Børsen.

She was one of the most active members of the Danish Women's Society (Dansk kvindesamfund), editing its journal from 1908 and becoming its vice-president in 1913.