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Apr 16, 2010 · Cornelius Vanderbilt (1794-1877) was a shipping and railroad tycoon, and a self-made multi-millionaire who became one of the wealthiest Americans of the 19th century.
Cornelius Vanderbilt died on January 4, 1877, at his residence, No. 10 Washington Place, after being confined to his rooms for about eight months. The immediate cause of his death was exhaustion, brought on by long suffering from a complication of chronic disorders. [1]
Cornelius Vanderbilt (born May 27, 1794, Port Richmond, Staten Island, New York, U.S.—died January 4, 1877, New York, New York) was an American shipping and railroad magnate who acquired a personal fortune of more than $100 million.
Apr 2, 2014 · Troubled Family Life. On December 19, 1813, much to the dismay of his parents, Vanderbilt married his first cousin, Sophia Johnson. The couple would eventually have 13 children, with 11 surviving...
- An early start in the shipping business. Born in May 1794 on Staten Island, New York, Vanderbilt came from a Dutch farming family who lived in Port Richmond, on the north shore of the island.
- Epic legal battle. Vanderbilt delivered the profits as promised. He revised the schedules to make the service more reliable and made the boats more comfortable for passengers.
- Profited from California gold rush. By the time Vanderbilt celebrated his fortieth birthday in 1834, he possessed a fortune worth $500,000, a huge amount at the time.
- Moved into railroads. Vanderbilt soon sold most of his fleet and left the shipping business altogether. In the early 1860s he ventured into railroads. His first purchase was the New York and Harlem Railroad, which again put him into competition with Daniel Drew.
Cornelius Vanderbilt died on January 4, 1877, at his home in New York, U.S., after a long illness, leaving the majority of his estate to his eldest son, William. He was interred in the family vault in the Moravian Cemetery at New Dorp on Staten Island.
Vanderbilt died on January 4, 1877 in New York City, New York from chronic obstructive pulmonary disease (COPD), aged 82. [3] Vanderbilt was worth more than $100 million at the time of his death (equivalent to approximately $2,671,921,875 in 2024 dollars). [5]
