J. P. Morgan Net Worth
J.P. Morgan net worth: J.P. Morgan was born on April 17, 1837, and passed away in 1913. J.P. Morgan was a very successful businessman and the founder of the "J.P. Morgan and Company" who had an inflation-adjusted net worth of $41.5 billion. He was born in Boston, Massachusetts, to Juliet Pierpont and Junius Spencer Morgan. He received his education from the English High School of Boston, a renowned commerce school. With his education in business, Morgan started working for a banking company in 1857. He held a position in Peabody, Morgan and Co., a company his father helped founding three year before. After only one year, Morgan moved to New York City and began working for another banking company, Duncan, Sherman & Company, an extension of his father's company.
His father passed away in 1890, and Morgan took control of the then J.S. Morgan & Co. His career would blossom in 1895, where he rose to a prominent position within the firm and changed the name to "J.P. Morgan and Company." Morgan was known for his finance prowess, and his larger-than-life statue. He attracted much attention from the media and the world of finance in during his career as a prominent financier. Morgan held much of the America economy as his company grew. He bought and acquired many companies to strengthen his position in the community. Eventually, he ventured into the business of steel, which ultimately led him to own much of the railroad industry in the country. His steel company, U.S. Steel became the largest and most successful steel producer internationally having reach the billion-dollar for the first time in the world history. Because of his wealth and power, he was reproached with the malicious intent of monopoly by the Government of the United States of America in 1911. However, many considered him the sole catalyst that saved America from its recession and economy downturn in the early 1900's. Morgan's death came in 1913, as he was travelling in Europe.