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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 ...
The series focuses on the lives of Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, J. P. Morgan, and Henry Ford. It tells how their industrial innovations and business empires revolutionized modern society. The series is directed by Patrick Reams and Ruán Magan and is narrated by Campbell Scott. It averaged 2.6 million total ...
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. [5]
Annica, married Thomas Southard. Their daughter Abigail was the great-great-grandmother of Cornelius Vanderbilt [30] Sara, married John Emans. [31] Van Salee's first wife Grietse died in 1669. The widower Van Salee married Metje Grevenraet, an ethnic Dutch woman. [29] He passed his final years at his home on Bridge Street, dying in 1676.
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 ...
Vanderbilt's private shipping company began running the same routes, charging a fraction of the price, making a large profit without taxpayer subsidy. The state-funded shippers then began paying Vanderbilt money to not ship on their route. A critic of this tactic drew a political comic depicting Vanderbilt as a feudal robber baron extracting a ...
In the mid-1920s, the Van Sweringen brothers of Cleveland, Ohio, assumed control of the Erie, and they installed a new president for the railroad, John Joseph Bernet. [ 15 ] [ 18 ] [ 19 ] Bernet only served as the Erie's president from January 1927 to May 1929, but during that time, he initiated a reorganization and cost-cutting program to ...
As heir to the family fortune, he built a 70-room, 138,300-square-foot mansion on the shores of Newport, Rhode Island, as a summer escape for his wife, Alice Vanderbilt, and their seven children.