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)
“No such sermons have come to us here out of England, in late years, as those of this preacher,—sermons to kings, and sermons to peasants, and sermons to all intermediate classes. It is in vain that John Bull, or any of his cousins, turns a deaf ear, and pretends not to hear them: nature will not soon be weary of repeating them. There are words less obviously true, more for the ages to hear, perhaps, but none so impossible for this age not to hear.”
—Henry David Thoreau (1817–1862)
“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)