Goldschmidt studied chemistry at the University of Berlin, and then trained as a colorist, a specialist in dyeing textiles. On 8 December 1847, he founded a chemical factory in Berlin. In 1911, it became "Th. Goldschmidt AG". Goldschmidt was a city councilor in Berlin, was interested in philosophy and maintained close contacts with the famous chemists of his time.
Karl Goldschmidt and Hans Goldschmidt were his sons.
He died in 1875 in Berlin and was buried there. His grave is preserved in the Protestant Friedhof I der Jerusalems- und Neuen Kirchengemeinde (Cemetery No. I of the congregations of Jerusalem's Church and New Church) in Berlin-Kreuzberg, south of Hallesches Tor.
- "The Colorist Theodor Goldschmidt Entrepreneur and Chemist". History of Degussa. Degussa AG. Retrieved 2009-09-30.
- Walter Däbritz, Barbara Gerstein (1964), "Goldschmidt, Johann Wilhelm", Neue Deutsche Biographie (NDB) (in German), 6, Berlin: Duncker & Humblot, pp. 609–609
- * http://www.degussa-geschichte.de/geschichte/en/inventions/monopol_soap.html
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