John Jacob Astor (July 17, 1763 – March 29, 1848), born Johann Jakob Astor,[4] was a German-American business magnate, merchant and investor who was the first prominent member of the Astor family and the first multi-millionaire in the United States. He was the creator of the first trust in America.
He went to the United States following the American Revolutionary War and built a fur-trading empire that extended to the Great Lakes region and Canada, and later expanded into the American West and Pacific coast. He also got involved in smuggling opium. In the early 19th century he diversified into New York City real estate and later became a famed patron of the arts.
Astor Bloodline
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John Jacob Astor (1763–1848), married Sarah Todd
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At the time of his death in 1848, Astor was the wealthiest person in the United States, leaving an estate estimated to be worth at least $20 million. His estimated net worth, if calculated as a fraction of the U.S. gross domestic product at the time, would have been equivalent to $110.1 billion in 2006 U.S. dollars, making him the fourth richest person in American history.[1][13] An estimate based on inflation from the legally set American gold standard rate of $21 per ounce in the 1850s[14] would result in a much more conservative net worth of $1.272 billion in 2011[15] dollars.
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