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Cornelius Vanderbilt Net Worth

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Cornelius Vanderbilt's Net Worth as of 2024
$185 Billion

Cornelius Vanderbilt was born on the 27th May 1794, in Staten Island, New York USA, and passed away on the 4th January 1877 in New York City. Cornelius was best known to the world for building the New York Central Railroad, however, he build his vast kingdom also through his successful shipping business.

Have you ever wondered how rich Cornelius Vanderbilt was? According to sources, at the time of his death, Vanderbilt`s net worth is estimated at over $185 billion at today’s rate, an amount he earned through his successful career, becoming one of the richest Americans in history.

Cornelius Vanderbilt Net Worth $185 Billion

Vanderbilt`s family origins can be traced to the Netherlands; Cornelius` great-great-grandfather, named Jan Aertson was a farmer who emigrated to New York in the 17th century, as an Indentured servants. The village, De Bilt, from which Jan was, was later added to his name, and it formed the last name, Vanderbilt, in which van means ‘of’.

To speak of Cornelius` childhood, his family was poor, his father worked as a ferryman, and his mother was a housewife. He started working from an early age, as he quit school when he was only 11, and started helping his dad on the ferry. A few years later, Cornelius started his own ferry business, according to a source, with a loan of $100 from his mother and bought a masted, shallow draft which he named Swiftsure, on the other hand, another source states that his father was the owner of a vessel known as Periauger, and Cornelius needed to give him half the profits. Anyway, his business grew with an immense speed, transporting cargo and people from Staten Island to Manhattan, back and forth, and he eventually earned the nickname ‘commodore’, which stuck with him through the rest of his life.

Vanderbilt`s net worth was increasing at great speed, and he was able to expand his business, which he did. In collaboration with Thomas Gibbons, into steamboats, and later ocean-steamboats, which further expanded his net worth.

With the start of the Civil War, Cornelius tried to give his largest steamship to the Union Navy, but was rejected, as the secretary of the navy thought the maintenance would be too expensive, and instead he leased to the War Department. After the war ended, he expanded his business into railroads, actually starting in 1863, when New York and Harlem railroad began to operate.

Soon, Cornelius began to build new railroad tracks, which increased his net worth to a large degree. By the time of his death, Cornelius controlled Hudson River Railroad, New York Central Railroad, Canada Southern Railway, Lake Shore and Michigan Southern Railway, and Michigan Central Railroad.

Thanks to his achievements, Cornelius was inducted into the North American Railway Hall of Fame in 1999.

Cornelius died at his home on the 4th January 1877, after several months of battling against chronic disorders. Cornelius was buried in the family vault in the Moravian Cemetery at New Drop on Staten Island, however, his remnants were later moved to another tomb at the same cemetery.

He was married twice; his first wife was Sophia Johnson, his first cousin from his mother`s side, with whom he was married from 1813 until her death in 1868. They had 13 children, of whom Cornelius made his son William Henry Vanderbilt his only heir.

His second wife, was Frank Armstrong Crawford, who was 45 years younger than Cornelius.

Cornelius was a philanthropist, and donated $1 million to the construction of what would later become Vanderbilt University in Nashville, Tennessee, at the instigation of his second wife’s cousin to assist research and especially for black scholars.. He also gave donations to several churches, including the Moravian Church at which cemetery he was later buried.

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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Billionaires

Warren Buffett Net Worth

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Warren Edward Buffett was born on 30 August 1930, in Omaha, Nebraska USA, and is known worldwide variously as the “Sage”, “Wizard” or “Oracle of Omaha”, as is currently ranked in the top three richest people in the world by Forbes and Bloomberg, being primarily an extremely knowledgeable investor and financial advisor, also a business magnate, financier and generous philanthropist.

So just how rich is Warren Buffett? According to Forbes, Warren’s net worth in mid-2017 is estimated to be a very impressive $77 billion, the vast majority of his wealth having been accumulated as a result of his consistently successful investing through his company Berkshire Hathaway.

Warren Buffett Net Worth $77 Billion

Warren Buffet is the only son of US Congressman Howard Buffett and mother Leila (née Stahl). Warren went to school in Washington DC, and then to the University of Pennsylvania for two years (including joining the Alpha Sigma Phi fraternity) before transferring to the University of Nebraska from where he graduated at nineteen with a BSc in business administration. After unsuccessfully applying to Harvard Business School, Buffett enrolled at Columbia Business School, and graduated with a MSc in economics in 1951. Buffett also attended the New York Institute of Finance.

Even in primary school, Warren Buffett made money in all sorts of ways, including owning second-hand pinball machines, working in his grandfather’s store, selling golf balls, chewing gum, and magazines door-to-door. Buffett’s interest in the stock market and investing began in his schooldays too, sometimes spent in the customers’ lounge of a regional stock brokerage near his father’s office, plus visiting the NYSE when he was 10. At 11, he bought three shares of Cities Service for himself, and three for his sister Doris (founder The Sunshine Lady Foundation). In high school, he invested in a business owned by his father, and bought a farm worked by a tenant farmer.

Warren  Buffett began his full-time working career as an investment salesman for Buffett-Falk & Co., then as a securities analyst in Graham-Newman Corp, and subsequently went on to work at Buffett Partnership, Ltd. In 1957 he had three partnerships operating, increasing to five the next year, and which by 1962 made him a millionaire – that year his partnerships had assets of over $7 million, $1 million of which belonged to Buffett.

Buffett’s first private investment was the department store Hochschild, Kohn and Co. However, it was Berkshire Hathaway that brought him huge financial success, firstly from buying the shares of this multinational conglomerate holding company, then becoming chairman in 1965. The company became the portal for virtually all of Buffett’s investments, giving him a spot on the Forbes 400 in 1979, and making him a billionaire by 1990. Warren Buffett is now chairman , CEO and the largest shareholder of the company. In 2008, he was listed by Forbes as the richest person in the world, and in 2012, Time magazine named Buffett one of the most influential people in the world, a position which he has held in every year since, regardless of formal acknowledgement.

In addition to the profits gained from his company, Buffett has accumulated a large amount of his net worth due to forward contracts, the value of which by 2006 was over $2 billion. That same year Buffett announced that he would give away 85% of his Berkshire holdings to five charitable organizations – the largest amount going to the Bill and Melinda Gates Foundation co-founded with Bill Gates with the aim of reducing poverty and enhancing healthcare – plus others such as Nuclear Threat Initiative, Glide Foundation, and Buffett Foundation, created in order to manage his charitable donations. As a result of his philanthropy, Warren Buffett’s annual salary in recent years amounts to only $100,000.

Buffett’s humble and generous personality has inspired many authors such as Robert Lowenstein, Alice Shroeder, Janet Lowe, and John Train to release books about him. Warren Buffett is also a known writer himself, and has been publishing annual reports and various articles for a number of years, the most prominent of which is “The Super Investors of Graham-and-Doddsville”.

In his personal life, Warren was married to Susan from 1952 until her death in 2004, although they lived separate lives from the late 70s; they have one daughter. In 2006 he married Astrid Menks, with whom he had been co-habiting for many years. Warren Buffett lives in a house in Omaha, which he purchased in 1957 for $31,000. During his free time, Buffett enjoys playing bridge, and has even sponsored a Buffett Cup bridge match.

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Billionaires

Jefferey Hildebrand Net Worth

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Jeffery Hildebrand is a successful American businessman, born in 1959, and best known as the founder, CEO and chairman of the Hilcorp Energy Company, which is now one of the largest oil and natural gas exploration and production companies privately-held in the US.

Have you ever wondered how rich Jeffery Hildebrand is? According to sources, it has been estimated that Jeffery Hildebrand’s overall net worth is $4.2 billion, accumulated through an outstandingly successful and lucrative career as an entrepreneur, since the early ‘90s. As he is still an active businessman, his net worth continues to increase.

Jeffery Hildebrand Net Worth $4.2 Billion

Jeffery attended the University of Texas at Austin, where he first earned a bachelor’s degree in geology in 1981 and then a master’s degree in petroleum engineering four years later. During his studies, Hildebrand was also a member of the Pi Epsilon Tau fraternity. His career beginnings were at the American Energy Capital Corporation, Exxon Company and the Dan A. Hughes Company.

However, his career really started moving upwards in 1989, when he founded Hilcorp Energy Company. This oil and gas exploration and production company, headquartered in Houston, soon became one of the leaders in the US. It now has operations in multiple states including the Rockies, the Gulf Coast and Northeast US, as well as Alaska. In 2011, the company sold its interests in Eagle Ford Shale to Marathon Oil for approximately $1.4 billion. Years after its foundation, it appeared on Fortune Magazine’s 100 Best Companies to Work For three years in a row – in 2013, 2014 and 2015. This proved to be true, as Jeffery gave each one of his 1400 employees a $100,000 bonus to thank them for their efforts in making his business the most profitable privately held oil and gas company in the US.

Apart from this, Hildebrand is a member of several other associations, including the Engineering Advisory Board, The National Petroleum Council, the Houston Energy Finance Group, the All American Wildcatters, the Independent Petroleum Association of America, the American Association of Petroleum Geologists, the Texas Independent Petroleum Royalty Owners Association, the Louisiana Independent Oil and Gas Association among many others. He was also appointed to the University of Texas Regent Wallace Hall in 2011.

The successful businessman that he is, Jeffery holds several other positions, on the boards of Central Houston, Inc. the Houston Livestock Show and Rodeo and the Houston Police Foundation. He is Vice-Chairman of the University of Texas Systems Board of Regents, chairman of the University of Texas Investment Management Company, and a member of the University Lands Advisory Board.

When it comes to his private life, Jeffery is married to Mindy; they have three children and reside in Houston, Texas. As for political involvement, since the beginning of the 2000s, Hildebrand has donated more than $360 000 to politician Rick Perry.

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