The Neumann Palace (Palatul Neumann) is a two-story, 19th century, eclectic architectural style palace that’s located in the city center of Arad, Romania. The palace was founded by and built to be, the living quarters for the Jewish, Neumann family, which emigrated to Arad from Vienna in the mid-19th century. The Neumann family went on to become one of the most influential, wealthy, and aristocratic families in all of Romania at the end of the nineteenth century and the first half of the twentieth century.
The Neumann’s amassed great fortunes by owning many factories, stadiums, schools, and by controlling the majority of industry in Arad at the time. Some of the family’s most profitable businesses were their spirit and yeast factories, their textile factories, and their steam-powered flour mills. The Neumann family played a significant role in the early development of Arad. Their factories employed and provided salaries to thousands of Arad citizens. The family built schools and stadiums for the community. They also helped fund projects that modernized much of the city’s infrastructure.