J.P. Morgan Net Worth

J.P. Morgan Net Worth
J.P. Morgan Net Worth
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J.P.Morgan Net Worth – $41.5 Billion

” Go as far as you can see; when you get there, you’ll be able to see farther.”

Financier, Art Collector and Philanthropist J.P.Morgan, was born on 17th April,1837, in Hartford, Connecticut. He was a bankers son who was born with a gold spoon in his mouth. J.P.Morgan was one of the prominent personality in the American finance who had a interest in almost every every major industry. His Imprints are seen every where in American History, from politic, monetary policies, art, Journalism and many more areas.

 J.P.Morgan Net worth:

J.P.Morgan Net worth consist of Morgan estate which was valued at $68.3 million, its present value is estimated to be $25.2 billion, His today wealth is adjusted to value around $38 billion. His art collection is estimated to be $50 million which he donated to a museum.

After working for his father, he started his own private banking company in 1871, which later became known as J.P. Morgan & Co.. When no one expected this company created a history and became one of the leading financial firm not only in the country but worldwide as we know today. This company was said to be so powerful that during the time of depression of 1895 and in financial crises of 1907 the Government of united states took assistance from his company.

In J.P. Morgan’s peak career ages, when he was loaded with ideas, wealth, power and influential capacity, he attracted attention of journalists, media people and even government officials as during that period most of the industries were in the hand of large rich business man and Morgan topped the list in that . He was said to be the Monopoly king as he made difficult for any other person to survive in the industry. His major Monopoly was in the railroad industry and he was the former of the United states steel Corporation in 1901.

A list of companies that were Managed by his company-

  • American Bridge Company
  • American Telephone & Telegraph
  • Associated Merchants
  • Atlas Portland Cement Company
  • Boomer Coal & Coke
  • Federal Steel Company
  • General Electric
  • Hartford Carpet Corporation
  • Inspiration Consolidated Copper Company
  • International Harvester
  • International Mercantile Marine
  • J. I. Case Threshing Machine
  • National Tube
  • United Dry Goods
  • United States Steel Corporation
  • Atchison, Topeka and Santa Fe Railway
  • Atlantic Coast Line
  • Central of Georgia Railroad
  • Chesapeake & Ohio Railroad
  • Chicago & Western Indiana Railroad
  • Chicago, Burlington & Quincy
  • Chicago Great Western Railway
  • Chicago, Indianapolis & Louisville Railroad
  • Elgin, Joliet & Eastern Railway
  • Erie Railroad
  • Florida East Coast Railway
  • Hocking Valley Railway
  • Lehigh Valley Railroad
  • Louisville and Nashville Railroad
  • New York Central System
  • New York, New Haven & Hartford Railroad
  • New York, Ontario and Western Railway
  • Northern Pacific Railway
  • Pennsylvania Railroad
  • Pere Marquette Railroad
  • Reading Railroad
  • St. Louis & San Francisco Railroad
  • Southern Railway
  • Terminal Railroad Association of St. Louis

J.P.Morgan Net Worth and His Death:

It is said that nothing in more peaceful than a peaceful death same was with J.p.Morgan. He took his last Breath while his travelling in Grand Hotel Rome, Italy on 31st March, 1913. He didn’t wake up from his last sleep after that night. he was 75 years old when he left this world. On the wall street the flag flew at half staff which is a honour which was only given to head of the states and even the stock market was kept close for two hours. His belongings and book collection was donated to Morgan Library & museum in New York. After his death his father Jack Morgan inherited his wealth property and banking business.

He once said “A man generally has two reasons for doing a thing. One that sounds good, and a real one.” and that ” The wise man bridges the gap by laying out the path by means of which he can get from where he is to where he wants to go.” so what we learn from him is that to build a huge net worth on has to face the reality and still take a good decision.