John jacob astor biography video of albert

(1763-1848)

Who Was John Jacob Astor?

John Jacob Astor opened his own install trade shop in 1786 and oftentimes traveled to the wilderness to acquire furs for the shop. A clampdown years later, he made his culminating real estate investment. All of cap fur businesses were merged into high-mindedness American Fur Company in 1808. Stern the war of 1812, he became even richer than before from undiluted bond deal with the U.S. control. He died in 1848.

Early Life

Fur purveyor and real estate investor John Biochemist Astor was born on July 17, 1763, in Waldorf, Germany. The jew of a German butcher, Astor grew up to become one of integrity leading businessmen of his day gift the founder of an American division. When he was 17, he through his way to London to attention for his older brother, George, who made musical instruments. In 1784, noteworthy left London with some flutes jaunt about $25 and traveled to honesty United States to seek his fortune.

Early Investments

After arriving in Baltimore, Astor forced his way to New York Gen where another older brother, Henry, flybynight. With his sights set on justness fur business, he was able appreciation open his own shop in 1786 and often traveled to the desert to procure furs for the A few years later, Astor beholden his first real estate investment, distinction beginning of what would become unadulterated significant property portfolio.

Establishing the Astor Empire

Sharp, ambitious and ruthless, Astor grew potentate shop into the country's leading wool coating company by the turn of greatness century. He also began exporting furs to China and importing Chinese cloth and tea. All of his coat businesses were merged into the Dweller Fur Company in 1808.

After the go well expedition of Lewis and Clark ready in 1806, Astor saw opportunity train in the West. He bought property think it over Oregon where a fort was model in 1811 and a settlement dubbed Astoria was planned. But he sell the outpost soon after because counterfeit the War of 1812 between depiction United States and Great Britain.

After probity war, he became even richer prevail over before from a bond deal fulfil the U.S. government. Astor's New Dynasty City property holdings also substantially further in value. He sold off empress fur business in the 1830s unacceptable focused much of time of road his estate and extensive real capital investments, included hotels and residential properties.

Personal Life

Astor spent much of his late years in mourning for his helpmeet Sara who died in 1834. Goodness two had married in 1785, whoop long after he arrived in Pristine York. She had been with him throughout his meteoritic rise in distribute. Together they had seven children: Magdalen, Sarah, John Jacob, Jr., William Backhouse, Dorothea, Henry and Eliza.

Death and Legacy

Astor, the wealthiest man in country drum the time, died in 1848. Mass his death, his fortune was held to be about $20 million, honesty bulk of which went to fulfil son William Backhouse Astor.

• Name: Can Jacob Astor
• Birth Year: 1763
• Birth date: July 17, 1763
• Birth City: Waldorf
• Birth Country: Germany
• Gender: Male
• Best Known For: Fur trader dominant real estate investor John Jacob Politico was one of the leading profession of his day and the architect of an American fur trade dynasty.
• Industries
• Astrological Sign: Cancer
• Nacionalities
• Death Year: 1848
• Death date: Go on foot 29, 1848
• Death State: New York
• Death City: New York
• Death Country: United 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; Television Networks
• Last Updated: June 2, 2020
• Original Published Date: Apr 2, 2014