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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
Today, the company is still run by descendants of George Vanderbilt; the president and CEO is currently Bill Cecil Jr. [5] The company employs over 2,400 people who maintain the 8,000 acres of the Biltmore Estate, hotel, winery, restaurants and shops. [5] Biltmore House is the largest privately owned home in the United States.
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 ...
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Trending Now: 4 Genius Things All Wealthy People Do With Their Money Here’s a look at the 10 billionaires whose net worths soared the most in 2024. Andrew H. Walker / Shutterstock
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 ...
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 ...
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 ...