Married Emma Montefiore in 1850.

Father of David Lionel Salomons, Laura Salomons, Stella Salomons, and Philip Salomons. Their last child died in infancy.

As a young man, Philip travelled widely in the USA and was naturalized there as a citizen in 1826. However, later that year, he returned to England and resumed his British citizenship.

Like his father and brother he was a City of London financier. He succeeded his father as Warden of the New Synagogue in 1843 and his brother as a representative on the Board of Deputies of British Jews. A devout man, he had his own private synagogue at his house in Brunswick Terrace, Brighton .

Philip was a magistrate and a Deputy Lieutenant for Sussex . He was appointed High Sheriff of the county in 1852 and, according to a local custom, was presented with the twenty-four fire buckets which can be seen at Salomons.

He married late, at 54, when his wife was only 17. She died aged 26 and he died eight years later, leaving his children to the care of their uncle, David Salomons .