John Jacob Astor (born Johann Jakob Astor; July 17, 1763 – March 29, 1848) 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.
Read more about John Jacob Astor: Descendants
Famous quotes containing the words jacob astor, john and/or jacob:
“I was not unemployed in my profession by the late John Jacob Astor; a name which, I admit, I love to repeat, for it hath a rounded and orbicular sound to it, and rings like unto bullion.”
—Herman Melville (1819–1891)
“Whither goest thou?”
—Bible: New Testament Peter, in John, 13:36.
The words, which are repeated in John 16:5, are best known in the Latin form in which they appear in the Vulgate: Quo vadis? Jesus replies, “Whither I go, thou canst not follow me now; but thou shalt follow me afterwards.”
“I was not unemployed in my profession by the late John Jacob Astor; a name which, I admit, I love to repeat, for it hath a rounded and orbicular sound to it, and rings like unto bullion.”
—Herman Melville (1819–1891)