John Jacob Astor, German-American businessman and philanthropist (d. 1848)
John Jacob Astor (born Johann Jakob Astor; July 17, 1763 – March 29, 1848) was a German-American businessman, merchant, real estate mogul, and investor who made his fortune mainly in a fur trade monopoly, by smuggling opium into China, and by investing in real estate in or around New York City. He was the first prominent member of the Astor family and the first multi-millionaire in the United States.
Born in Germany, Astor emigrated to England as a teenager and worked as a musical instrument manufacturer. He moved to the United States after the American Revolutionary War. Seeing the expansion of population to the west, he entered the fur trade and built a monopoly, managing a business empire that extended to the Great Lakes region and Canada, and later expanded into the American West and Pacific coast. Seeing a decline in demand due to changing European tastes, he got out of the fur trade in 1830, diversifying by investing in New York City real estate. Astor was highly wealthy and became a famed patron of the arts. In proportion to GDP, he was one of the richest people in modern history.
1763Jul, 17
John Jacob Astor
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Events on 1763
- 10Feb
Treaty of Paris (1763)
French and Indian War: The Treaty of Paris ends the war and France cedes Quebec to Great Britain. - 7May
Pontiac (Ottawa leader)
Pontiac's War begins with Pontiac's attempt to seize Fort Detroit from the British. - 2Jun
Fort Michilimackinac
Pontiac's Rebellion: At what is now Mackinaw City, Michigan, Chippewas capture Fort Michilimackinac by diverting the garrison's attention with a game of lacrosse, then chasing a ball into the fort. - 1Sep
Foundling Home in Moscow
Catherine II of Russia endorses Ivan Betskoy's plans for a Foundling Home in Moscow - 7Oct
Royal Proclamation of 1763
King George III of the United Kingdom issues the Royal Proclamation of 1763, closing aboriginal lands in North America north and west of the Alleghenies to white settlements.