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Oct 29, 2022 · From the world’s most ruthless conquerors Genghis Khan and Empress Wu, to royal rulers Catherine the Great and Mansa Musa, who was the richest person to ever exist – and how do today’s tech CEOs...
- Faye Bradley
- 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.
At the time of his death in 1913, J.P. Morgan had an inflation-adjusted net worth of somewhere between $25 billion and $45 billion.
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.
At the time of his death, Morgan's net worth totaled $118.3 million: half in his estate and half in his vast art collection.
J. P. Morgan, Jr. was an American banker and a philanthropist; he was the son of the famous banker J. P. Morgan. After the death of his father, he took over the family business interests which included the J. P. Morgan & Co. and inherited a lot of fortune.
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The list was compiled by taking each person's wealth at death, adding the amount given away during his lifetime, and expressing the total as a fraction of the nation's GDP at the time.
