Hochschild was one of Bolivia's three "tin barons," alongside Simón Patiño and Carlos Víctor Aramayo.

Trained as a mining engineer in Germany, he settled in Bolivia in 1920 and built a mining empire spanning Bolivia, Chile, and Peru.

• He helped an estimated 9,000 Jewish refugees from Nazi Europe gain entry to Bolivia, earning him the nickname "Bolivia's Schindler."

• His Bolivian mines were nationalized in 1952; his mining group survives today as Hochschild Mining.