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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 ...
[61] [g] In April 1868, Stone played a major role in bringing together Cornelius Vanderbilt and the oil magnate John D. Rockefeller. Vanderbilt very much wanted the New York Central to carry both raw and refined oil being shipped by Rockefeller. On April 18, 1868, Vanderbilt asked Rockefeller (then visiting New York City) to meet with him.
Cornelius Vanderbilt grows from a steamboat entrepreneur to the head of a railroad empire, and gets into a heated rivalry with James Fisk and Jay Gould; the up and coming John D. Rockefeller founds Standard Oil. Many business owners lay their own rail lines which leads to the Panic of 1873.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.What Happened: On this day 133 years ago, Cornelius Vanderbilt, the world's richest man, died ...
While most sources attribute this status to Andrew Carnegie, others argue that it could be Bill Gates, Cornelius Vanderbilt I, John Jacob Astor IV, or Henry Ford. 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]
WalletPop's Lan Nguyen chats with T.J. Stiles, author of The First Tycoon: The Epic Life of Cornelius Vanderbilt (Knopf), on how the Commodore became one of the wealthiest and most powerful men in ...
His great-great-great grandfather, Cornelius Vanderbilt, built his fortune primarily through investing in steamships and railroads. ... Armand Hammer, Armie Hammer's grandfather, was an oil tycoon ...
Cornelius Vanderbilt, the founder of the Vanderbilt business dynasty.. The progenitor of the Vanderbilt family was Jan Aertszoon or Aertson (1620–1705), a Dutch farmer from the village of De Bilt in Utrecht, Netherlands, who emigrated to the Dutch colony of New Netherland as an indentured servant to the Van Kouwenhoven family in 1650.