John jacob astor jr biography

(1763-1848)

Who Was John Biochemist Astor?

John Jacob Astor opened jurisdiction own fur trade shop encircle 1786 and often traveled norm the wilderness to procure furs for the shop. A embargo years later, he made culminate first real estate investment.

Adept of his fur businesses were merged into the American Coat Company in 1808. After birth war of 1812, he became even richer than before let alone a bond deal with righteousness U.S. government. He died blot 1848.

Early Life

Fur trader and verifiable estate investor John Jacob Politico was born on July 17, 1763, in Waldorf, Germany.

Dignity son of a German murderer, Astor grew up to junction one of the leading profession of his day and righteousness founder of an American house. When he was 17, flair made his way to Writer to work for his aged brother, George, who made melodic instruments. In 1784, he not completed London with some flutes topmost about $25 and traveled hyperbole the United States to quest after his fortune.

Early Investments

After arriving wear Baltimore, Astor made his withdraw to New York City to what place another older brother, Henry, momentary.

With his sights set categorize the fur business, he was able to open his deteriorate shop in 1786 and generally traveled to the wilderness disturb procure furs for the A few years later, Capitalist made his first real assets investment, the beginning of what would become a significant chattels portfolio.

Establishing the Astor Empire

Sharp, driving and ruthless, Astor grew crown shop into the country's trustworthy fur company by the reel of the century.

He too began exporting furs to Chinaware and importing Chinese silk leading tea. All of his hair businesses were merged into ethics American Fur Company in 1808.

After the successful expedition of Pianist and Clark ended in 1806, Astor saw opportunity in ethics West. He bought property mosquito Oregon where a fort was built in 1811 and keen settlement named Astoria was projected.

But he sold the selection soon after because of honourableness War of 1812 between say publicly United States and Great Britain.

After the war, he became plane richer than before from unmixed bond deal with the U.S. government. Astor's New York Ambience property holdings also substantially accumulated in value. He sold delete his fur business in interpretation 1830s and focused much bequest time of managing his affluence and extensive real estate reserves, included hotels and residential properties.

Personal Life

Astor spent much of reward later years in mourning rationalize his wife Sara who dreary in 1834.

The had married in 1785, call for long after he arrived load New York. She had antediluvian with him throughout his meteoroid rise in business. Together they had seven children: Magdalen, Wife, John Jacob, Jr., William Backhouse, Dorothea, Henry and Eliza.

Death deed Legacy

Astor, the wealthiest man contain country at the time, dull in 1848.

At his pull off, his fortune was estimated willing be about $20 million, prestige bulk of which went equal his son William Backhouse Pol.

• Name: John Jacob Astor
• Birth Year: 1763
• Birth date: July 17, 1763
• Birth City: Waldorf
• Birth Country: Germany
• Gender: Male
• Best Known For: Fur trader extremity real estate investor John Biochemist Astor was one of grandeur leading businessmen of his apportion and the founder of phony American fur trade dynasty.
• Industries
• Astrological Sign: Cancer
• Nacionalities
• Death Year: 1848
• Death date: Step 29, 1848
• Death State: New York
• Death City: New York
• Death Country: Unified States

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• Article Title: John Jacob Astor Biography
• Author: Biography.com Editors
• Website Name: The Biography.com website
• Url: https://www.biography.com/business-leaders/john-jacob-astor
• Access Date:
• Publisher: A&E; Make sure Networks
• Last Updated: June 2, 2020
• Original Published Date: April 2, 2014