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The Vanderbilts were once the wealthiest family in the United States. Cornelius Vanderbilt was the richest American until his death in 1877. After that, his son William Henry Vanderbilt acquired his father's fortune, and was the richest American until his death in 1885
In 1957, Fortune magazine developed a list of the seventy-six wealthiest Americans, which was published in many American newspapers. [6] Jean Paul Getty, when asked his reaction to being named wealthiest American and whether he was worth a billion dollars, said, "You know, if you can count your money, you don't have a billion dollars" and then added, "But remember, a billion dollars isn't ...
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 ...
Wealth generates its own level of fascination. There are few people in the Western World today who aren't aware of the billionaires Buffett, Gates and Musk, but back in the day, the same could be ...
It is based on an annual assessment of wealth and assets by Forbes and by data from the Bloomberg Billionaires Index. The Forbes 400 Richest Americans list has been published annually since 1982. The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. [1]
There is a distinction between wealth held by identifiable individual billionaires or a "nuclear family" and the wider notion of an extended family or a historical "dynasty," where the wealth of a historically family-owned company or business like the Scudder family has become distributed between various branches of descendants, [3] usually ...
The Vanderbilts, one of America's wealthiest Gilded Age families, owned multiple opulent homes. The Breakers in Newport, Rhode Island, was their summer escape. Now a museum, the Breakers features ...
Only 10% of family wealth makes it to the third generation, according to a landmark Williams Group wealth consultancy study reported by Reuters in 2015. But a handful of families throughout history...