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Vanderbilt Family Net Worth

Vanderbilt family Net Worth 2020

Vanderbilt Family is an American family which was most popular during the Gilded Age. This family is basically of Dutch origin. They gained fame in American society by building a shipping and various businesses. During Gilded age, Vanderbilt family was the wealthiest family in America. Let’s have a close look at the net worth of Vanderbilt family in 2020.

Early life and Biography:

Vanderbilt family Net Worth 2020

Jan Aertson was the forefather of Vanderbilt family. He was a farmer and lived in a village named as “De Bill”. Later, he emigrated to the Dutch colony of New Netherland as a labourer for the Van Kouwenhoven family. After some time, Jan’s village name is added to Van which ultimately formed “Vanderbilt.” His great-great-great-grandson Cornelius Vanderbilt made his family famous. Cornelius Vanderbilt was born on 4th January 1877 in Manhattan, New York.

Cornelius Vanderbilt left school at an early age of 11. After leaving school, he started building a business of railroad and shipping. From childhood, Cornelius was very passionate about building businesses and working hard for that. He also helped his father in his boat. He carried passengers from Manhattan to Staten Island in a boat. By creating such businesses, he became the wealthiest man in the world in the 19th century.

He started his journey from a single boat and then dominated Robert Fulton for the New York Waterways, due to such enthusiasm and energy he was named as the “Commodore” and then also achieved the highest rank in the United States Navy. Till 1850, Vanderbilt family lived on a Staten Island. After a few years, they moved to Greenwich Village. Vanderbilt family can be credited for so many positive things. In 1886, Vanderbilt donated nearly $1 million to build Vanderbilt University in Nashville.

Around 1817, there was a little controversy happened with Vanderbilt family. During this time, Cornelius Vanderbilt started a business with Thomas Gibbons. Aron Ogden who was handling Robert Fulton and Robert Livingston’s business worked with Thomas, but Aron sued Thomas. After that, in 1826, Thomas Gibbons died, and the supreme court was in favour of Gibbons.

Cornelius Vanderbilt dominated American shipping industry and around 1826; he built many shipping lines in New York. Later, he expanded his business in entire America.

Awards and Nominations:

If we talk about the achievements of Vanderbilt family then, Vanderbilt family was the richest family in the world during Gilded Age. This was the most well-known family and emerged as a successful family.

Net worth and Earnings:

In 1877, Cornelius Vanderbilt was the richest man in America. Cornelius Vanderbilt had made around $1000 in the first year of his shipping business. In 1877, Vanderbilt family’s net worth was gigantic and approximated to be around $200 million. Currently, Gloria Vanderbilt is a descendant of Vanderbilt family.

After the death of Cornelius Vanderbilt, his son, William Henry Vanderbilt almost doubled his father’s empire by expanding the New York Central Railroad.

After William Henry, Cornelius Vanderbilt II was the head of the Vanderbilt family. Cornelius II built one of the largest private homes in entire New York. How many rooms do you expect to be in this house? Well, this house contains 154 airy and magnificent rooms. He was also the creator of The Breakers in Newport, Rhode Island. William Kissam Vanderbilt, Cornelius II’s brother, built Marble House at 596 Bellevue Avenue in Newport, Rhode Island.

Some of Cornelius Vanderbilt’s descendants have created huge wealth by developing businesses while some of them gained fame in various ways such as:

Anderson Cooper: He is the son of Gloria Vanderbilt and also an award-winning journalist and a TV star.

The Vanderbilt family was known to be one of the most influential families in the United States, and they earned the fame by centuries of hard work and American spirit. Now, the superstars like Anderson Cooper and Gloria Vanderbilt are the precedents of their family. Vanderbilt family’s legacy would take centuries to be forgotten.