Abstract Since the 1960s, when historians first dethroned the dominant view of Benjamin Disraeli as a Tory democrat and social reformer, his association with an interventionist, socially inclusive Conservatism has largely been considered an exercise in political myth-making. This focus on the Disraeli ‘myth’ has tended to obscure the myriad and substantive ways in which Disraeli’s life and works were interpreted and put to work in Conservative ideological debates and political practice in the twentieth century, reducing them to social policy and state intervention in the economy and overlooking the lineages of his political career in Conservative political economy debates, conceptions of the nation and the constitution, and imperial and foreign policy thinking. This article examines interpretations of Disraeli, and how his legacy was constructed, by conservative biographers, historians and public intellectuals from the decades after his death until the historiography of the 1960s. It traces how Disraeli was memorialised and celebrated in the Conservative movement and popular culture; how his life and works were interpreted for popular audiences by an important group of conservative historians in the inter-war period; and how Disraeli was mobilised in Conservative and Unionist Party debates on tariff reform, social reform, the nation and empire, concluding in the aftermath of the Second World War, when his legacy and statecraft were consistently evoked in Conservative debates on post-war Britain. It demonstrates that Disraeli was interpreted in much more diverse ways, and with more diverse political objectives, than the standard readings of the Disraelian tradition have hitherto appreciated.