How The Astor Family Became America's First Old Money Family

#oldmoney #wealth #astors
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In 1848, John Jacob Astor, the founder of the first "Old Money" family in America, was dying in the splendor of his Astor Mansion in New York City. He uttered the words, "Make it grow," as his life flickered like a fading candle, passing on not only his immense fortune but also the seeds of a transatlantic empire to his son, William. Join us as we explore the incredible story of the Astor family, from the dusty roads of rural Germany to the peaks of American society.
In 1763, a boy was born in the charming rural area of Waldorf, which is situated near the regal city of Heidelberg in what is now contemporary Baden-Württemberg, Germany. This boy would go on to redefine American fortune. The youngest child of Johann Jakob Astor, an ordinary butcher, and Maria Magdalena Vomberg, the infant was named John Jacob Astor.
John Jacob, at 16, fled his pastoral homeland for the vibrant metropolis of London, driven by his adolescent ambition and restless spirit. At that time, he pursued the craft of musical instrument-making under the guidance of his uncle. Astor's proficiency in English was not only refined by the splendor of London, but he also received a rigorous apprenticeship in the business world.
As Astor headed for the United States in 1784, his pockets were brimming with little more than aspirations and a collection of flutes for sale, marking a pivotal chapter in his life.
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[@uamsnof]

01:32 How did he open a fur business with a few flutes?

[@Richardsonprincess00]

Thinking of the Kennedys or Rockefeller, Morgan's even Carnegie's families...even the wealthiest families who ruled Wall Street?