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Although he always occupied a relatively modest home, members of his family would use their wealth to build magnificent mansions. Shortly before his death in 1877, Vanderbilt donated US$1 million (equivalent to $30 million in 2024) for the establishment of Vanderbilt University in Nashville.
Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), nicknamed "the Commodore", was an American business magnate who built his wealth in railroads and shipping. [1] [2] After working with his father's business, Vanderbilt worked his way into leadership positions in the inland water trade and invested in the rapidly growing railroad industry, effectively transforming the geography of the ...
Determining the lower ranks is an even more contentious debate. Vanderbilt left a fortune worth $100 million upon his death in 1877, equivalent to $2.4 billion today. [6] As the United States became the world's leading economic power by the late 19th century, the wealthiest people in America were often also the wealthiest people in the world.
NEWPORT, R.I. (AP) — The Vanderbilt family, once synonymous with American wealth and power, has fallen into a full-blown public spat with the organization that now owns their spectacular Rhode ...
Now a National Historic Landmark, visiting the Breakers is rated as one of top three things to do in Newport and is seen as a tangible symbol of the Vanderbilt family's wealth and social superiority.
William Henry Vanderbilt (May 8, 1821 – December 8, 1885) was an American businessman [1] Known as "Billy", he was the eldest son of Commodore Cornelius Vanderbilt, an heir to his fortune and a prominent member of the Vanderbilt family.
While the Vanderbilts famously built their wealth in the railroads and steamships in the 19th century, they also lost a lot of their money from their spending over the years. As Anderson told ...
It was built between 1893 and 1895 as a summer residence for Cornelius Vanderbilt II, a member of the wealthy Vanderbilt family. The 70-room mansion, with a gross area of 138,300 square feet (12,850 m 2 ) and 62,482 square feet (5,804.8 m 2 ) of living area on five floors, was designed by Richard Morris Hunt in the Renaissance Revival style ...