These Are the Richest People in American History Before 1990

These Are the Richest People in American History Before 1990

Shannon Quinn - March 26, 2023

These Are the Richest People in American History Before 1990
Cornelius Vanderbilt was rich because of his transportation industry. Credit: Wikimedia Commons

Cornelius Vanderbilt

Cornelius Vanderbilt was an American businessman who lived in the 19th century. Born in Staten Island, New York in 1794, Vanderbilt was the oldest of nine children in a poor family. Despite limited formal education, he went on to become one of the richest men in American history. Vanderbilt made his fortune in transportation. He started with a ferry service in New York Harbor and eventually built a vast empire of steamships, railroads, and other transportation companies. Vanderbilt also donated large sums to various causes. His largest gift was a $1 million donation to what is now known as Vanderbilt University in Nashville, Tennessee. Cornelius Vanderbilt died in 1877, leaving an estate valued at over $100 million. This made him one of the richest men in American history.

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