Person:John Astor (6)

John Jacob Astor
d.29 Mar 1848
Facts and Events
Name John Jacob Astor
Gender Male
Birth[1][2] 17 Jul 1763 Walldorf, Baden, Germany
Death[1] 29 Mar 1848
Reference Number? Q57423?

the text in this section is copied from an article in Wikipedia

John Jacob Astor (July 17, 1763 – March 29, 1848), born Johann Jakob Astor, was a German-born American businessman, merchant, fur trader, and investor who was the first prominent member of the Astor family and the first multi-millionaire in the United States. He was the creator of the first trust in the United States. He emigrated to England as a teenager and worked as a musical instrument manufacturer.

Astor moved to the United States after the American Revolutionary War, He entered the fur trade and built a monopoly, managing a business empire that extended to the Great Lakes region and Canada, and later expanded into the American West and Pacific coast. Seeing the decline of demand, he got out of the fur trade in 1830, diversifying by investing in New York City real estate and later becoming a famed patron of the arts.

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  1. 1.0 1.1 John Jacob Astor, in Wikipedia: The Free Encyclopedia.
  2. McCabe, James D. (James Dabney). Great fortunes. (New York, New York: [s.n.], 1870).