A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 3 : America in the Twentieth Century  Encyclopedia of American Wealth

Info  FAQ  Site map  Links  Books  Login

american.wealth@raken.com

  Encyclopedia of American Wealth > Wealth Classification / List of Individuals ( 1918 )
 30 individuals presently listed with fortunes of 50,000,000 $ or more in 1918

Name 

 Age

Residence

Fortune ($) Activity   Source of wealth
1. John Davison Rockefeller

 79

  New York

1,200,000,000 

 

 Oil & Gas Standard Oil Company and its offsprings (after 1920 held mostly by his philanthropic foundations) 
2. Henry Clay Frick

 69

  Pennsylvania

225,000,000 

 

 Steel; Railroads; Real Estate; Art Collection H.C.Frick Coke Co + Carnegie Steel Co -> merged (1901) into U.S. Steel Corp.[shares sold]; Union-Sharon Steel Co -> sold (1902) to U.S. Steel Corp.; H.C.Frick Collection [art collection worth $13 million in 1919]; Frick Endowment [$15 million in 1921] 
3. Andrew Carnegie

 83

  Pennsylvania

200,000,000 

 

 Steel Carnegie Steel -> (1901) US Steel Corp [1st Morgage Bonds] 
4. George Fisher Baker

 78

  New York

150,000,000 

 

 Banking First National Bank (NY); First Security Corp.; National Bank of Commerce (NY); Chase National Bank; Bank of Manhattan; Equitable Life Assurance Co; 490'000 shares in seven railroad systems incl. Great Northern and Northern Pacific 
5. William Rockefeller

 77

  New York

150,000,000 

 

 Oil & Gas Standard Oil; National City Bank (NY); Amalgamated Copper Co (Anaconda); 
6. Jonathan Ogden Armour

 55

  Illinois

125,000,000 

 

 Meat Packing Armour & Co (chmn) 
7. Edward Stephen Harkness

 44

  New York

125,000,000 

 

 Inheritance (Oil & Gas) Standard Oil 
8. Henry Ford

 55

  Michigan

100,000,000 

 

 Automobile Ford Motor Co (58,5% from 1906-1919, then 55%) 
9. Edward Howland Robinson Green

 50

  New York

100,000,000 

 

 Investments Texas Midland RR (pres) 
10. William Kissam Vanderbilt

 69

  New York

100,000,000 

 

 Railroads New York Central Railroad 
11. Mary Williamson (Averell) Harriman

 67

  New York

80,000,000 

 

 Railroads Union Pacific RR 
12. (William) Vincent Astor

 27

  New York

75,000,000 

 

 Inheritance (Real Estate) New York City real estate 
13. Daniel Guggenheim

 62

  New York

70,000,000 

 

 Mining Am.Smelting & Refining Co; Guggenheim Brothers Co [Kennecott Copper Co; Utah Copper Co; Chile Copper Co; Chile nitrate interests; Diamang; ] 
14. John Pierpont Morgan jr

 51

  New York

70,000,000 

 

 Banking J.P.Morgan & Co 
15. Thomas Fortune Ryan

 67

  New York

70,000,000 

 

 Utilities (Street Railways) and Tobacco Metropolitan Street Railway Co; Metropolitan Traction Co -> Metropolitan Securities Co; American Tobacco Co -> split up (1911) -> British American Tobacco Co at al 
16. Charles Michael Schwab

 56

  New York

70,000,000 

 

 Steel Carnegie Steel Co (p) -> U.S.Steel Corp. (p); Bethlehem Steel Corp. (chmn) 
17. James Stillman

 68

  New York

70,000,000 

 

 Banking National City Bank (p.1891-1909/chmn 1909-1918) 
18. Nicholas Frederic Brady

 40

  New York

60,000,000 

 

 Utilities New York Edison Co (pres); Brooklyn Edison Co (chmn); Brooklyn Rapid Transit Co;  
19. Arthur Curtiss James

 51

  New York

60,000,000 

 

 Mining, Railroads Phelps Dodge Corp; Northern Pacific RR 
20. Cyrus Hall McCormick jr

 59

  Illinois

60,000,000 

 

 Manufacturing McCormick Harvesting Machine Co -> International Harverster 
21. Margaret Olivia (Slocum) Sage

 90

  New York

60,000,000 

 

 Inheritance (Railroads; Utilities) Russell Sage Estate [Western Union Telegraph; Union Pacific RR; Missouri Pacific RR; Chase National Bank;] 
22. Joseph Early Widener

 46

  Pennsylvania

60,000,000 

 

 Street Railways Philadelphia Rapid Transit 
23. Pierre Samuel Du Pont (II)

 48

  Delaware

50,000,000 

 

 Chemicals and Automobile E.I.Du Pont de Nemours Co; General Motors; U.S. Rubber Co; directly and through Christiana Securities Co 
24. James Buchanan Duke

 61

  New York

50,000,000 

 

 Tobacco American Tobacco Co (dissolved 1911) -> British American Tobacco Co, Ligget & Myers Tobacco Co, R.J. Reynolds Tobacco Corp, ; Southern Power Co -> Duke Power Co; Aluminum Company of America 
25. George Eastman

 64

  New York

50,000,000 

 

 Manufacturing Eastman Kodak Co 
26. Henry Phipps (jr)

 79

  New York

50,000,000 

 

 Steel Carnegie Steel Co -> merged (1901) into U.S. Steel Corp. 
27. Julius Rosenwald

 56

  Illinois

50,000,000 

 

 Retailing (Mail order firm) Sears Roebuck & Co 
28. Jacob Henry Schiff

 71

  New York

50,000,000 

 

 Investment Banking Kuhn, Loeb & Co (ptr.1875-1920) 
29. Louis Franklin Swift

 57

  Illinois

50,000,000 

 

 Meat Packing Swift & Co (pres) 
30. Louise Clisby (Wise) Lewis Lewis Francis

 23

  Florida

50,000,000 

 

 Inheritance (Oil & Gas) Kirkside and Whitehall mansions + $5 million trust fund inherited from her aunt Mary Lily (Kenan) Flagler Bingham 
>> Comments to this list

  Encyclopedia of American Wealth  

Google
 

Copyright 2000-2011 : D.C.Shouter and RAKEN Services