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J. P. Morgan, Jr. was born in Irvington, New York on September 7, 1867 to J. P. Morgan and Frances Louisa Tracy. His full name was John Pierpont Morgan Jr. He graduated from the St. Paul’s School and Harvard in 1889 and joined his father’s firm J.P. Morgan & Company, in 1892.
- Early Life and Education
- Notable Accomplishments
- The Bottom Line
When Morgan was born on April 17, 1837, in Hartford, Conn., there was very little doubt his future lay in banking. His father, Junius Spencer Morgan, was a partner in a bank run by another American, George Peabody. Morgan was brought up knowing he would take his father's place, and was trained for a career in banking. When the family moved to Londo...
In 1893 the US Treasury found itself in a dire situation. The nation used the gold standard, meaning the currency was backed by and redeemable for gold in the treasury. However, a law on the books also required the minting of silver coins at an artificially high fixed ratio to gold. The use of these silver coins caused the public to hoard gold, and...
During his life, Morgan played many roles: banker, financier, robber baron, and hero. Today, we speak of entities, corporations, and multinationals dominating Wall Street. Never again has one businessperson wielded so much power over the financial world.
Dec 14, 2023 · How much was J. P. Morgan worth? Some estimates suggest that Morgan’s net worth at the time of his death was approximately $80 million, equivalent to around $2.2 billion in today’s dollars. Other estimates suggest that his net worth totaled $118.3 million (roughly $49 billion today), after including his estate and art collection.
John Pierpont Morgan Jr. (September 7, 1867 – March 13, 1943) was an American banker, and finance executive. [1] He inherited the family fortune and took over the business interests including J.P. Morgan & Co. after his father J. P. Morgan died in 1913.
Sep 2, 2021 · The article below takes an in-depth look into the life, family history and major accomplishments of J.P. Morgan. Fast Facts. Born: John Pierpont Morgan. Birthday: April 17, 1837. Place of birth: Hartford, Connecticut, United States. Died: March 31, 1913. Aged: 75. Place of death: Rome, Italy. Buried: Cedar Hill Cemetery, Hartford, Connecticut ...
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J.P. Morgan’s Net Worth and Salary At the time of his death on March 31, 1931, Morgan’s wealth is estimated to have been $118.3 million. Others, including biographer Ron Chernow, cap it at $80 million.
