Thomas Edison Net Worth
Thomas Edison net worth and salary: Thomas Edison was an American inventor and businessman who had a net worth of $12 million at the time of his death. He was born on 11th February, 1847, and passed away on October 18, 1931. $12 million in 1931 is equal to a modern equivalent of $170 million after adjusting for inflation. Thomas Edison was born the seventh and last child to Nancy Matthews Elliot and Samuel Ogden Edison, in Milan Ohio. Later, he moved to Port Huron, Michigan with his family in 1867, due to economical decline in the town business.
During his laborious life, Edison invented many devices that enhance and has far reaching impacts to our daily lives even today. Because of his many arrays of conceptions, he was known and popularized as"The Wizard of Menlo Park."
Early in his life, Edison was diagnosed with scarlet fever and chronic middle-ear infections, which had gone untreated; these would eventually cause him hearing problems. During his childhood, Edison often sold newspaper and candy on trains operating between Port Huron and Detroit. In free times, he would sell vegetables as another source of income. Edison eventually came into the exclusive rights to sell newspaper on the street. His career began simply when he founded a small local newspaper called Grand Trunk Herald, in which he printed with his four young associates. It was this time that Edison discovered his talents as an entrepreneur. Later, he became a telegraph operator before moving to Louisville, Kentucky, working for the Associate Press bureau news wire, an extension of Western Union. Edison was granted the night shift, which afforded him much time to while away reading and experimenting.
He would eventually move to New Jersey and this is where his earlier inventions were recognized, including the stock ticker and electric vote recorder. They were both granted patents. However, his reputation came when he invented the phonograph in Newark, New Jersey, in 1877, and earned him his name of "The Wizard of Menlo Park." His other major inventions include electric light, sound recording and motion picture.