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

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  Part I-Chapter 4 : New YorkCity Landlords  >  John Jacob Astor     Previous   1 - 2   Next

   John Jacob Astor (1763-1848) : the richest in the United States of America  

John Jacob Astor invested heavily into real estate, most of it in the fast growing Manhattan. As much a visionary in real estate matters as he was in the fur trade, Astor obviously foresaw the growth of New York City as it became the gate to America for the subsequent waves of immigrants during the 19th century. In 1805, Astor made one of his first large land transactions, when he purchased the estate of Aaron Burr, after the latter had to exile following his duel with Alexander Hamilton. Included in this purchase was the famous Mortier lease from Trinity Church, a stretch of land comprising

 

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