J. P. Morgan Net Worth

How much is J. P. Morgan Worth?

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J. P. Morgan Net Worth
Net Worth:
$41.5 Billion
Date of Birth
April 17, 1837
Place of Birth
Hartford
Profession
Banker, Financier, Businessperson

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.

Articles Written by Brian Warner
Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.
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J. P. Morgan

J. P. Morgan

John Pierpont "J. P." Morgan was an American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company t...
Profession
Date of Birth
  • April 17, 1837
Nicknames
  • John Pierpont Morgan
Nationality
  • United States of America
Country
  • United States of America
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