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See also German philosopher Karl Joel.

Karl Amson Joel (November 20, 1889, Colmberg - November 4, 1982, Nuremberg) was a German-Jewish textile merchant and manufacturer. He is the grandfather of conductor Alexander Joel and musician Billy Joel.

Joel was the son of a textile merchant. In 1928 he founded a mail order selling company for textiles and clothes in Nuremberg. The following year he also started manufacturing. Joel's company soon became one of the leading mail order sellers in Germany (along with Quelle or Schöpflin).

After the rise to power of Nazism (1933) Joel was increasingly discriminated by the regional NSDAP leaders, especially Julius Streicher. Therefore, Joel moved his company to Berlin in 1934 where he rented a factory site in Wedding and installed new packing machines. The stitching department, however, had to remain in Nuremberg. As discrimination further increased (e.g. deliveries had to be marked with an "J") and Jewish firms became "Aryanized", Joel was forced to sell his company to Josef Neckermann for an unrealistic purchase price in 1938. The original agreement of 2.3 Million Mark was further diminuished by Neckermann to 1,1 Million Mark. The money was transferred to a trust account at the banking house Hardy & Co. in Berlin.

Meanwhile Karl Joel and his wife Meta had emigrated to Switzerland in July 1938. Their son Helmut (later called Howard) attended boarding school there. As a so called "Devisenausländer" (currency foreigner) Joel could not get access to the trust account in Berlin. In August 1938 he was expatriated and his firm was confiscated the following month. Via France and England the Joels flew to Cuba. Finally, they reached the United States, where Karl Joel started a new enterprise in 1942.

In 1957 Joel got a compensation of 2 Million DM for his former company from Neckermann who ran the most successful German mail order selling company at the time. Joel reemigrated to Nuremberg in 1964.

This article incorporates text translated from the corresponding German Wikipedia article as of 16 August 2006.

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