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= John Jacob Astor made his fortune in the fur trade and real estate in New York. He is credited with being Americas first millionaire as most if not all his monies were made here, however there was a man, Elias Hasket Derby, Derby is often referred to as "King Derby" or as America's first millionaire. However, it is improbable that Elias Hasket Derby was known as King Derby during his life time. Nathaniel Hawthorne bestowed the title on him in The Scarlet Letter (p. 4). As for being America's first millionaire, Derby was but one of a number of highly successful Massachusetts merchants of the period.

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15y ago
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15y ago

John Jacob Astor was the first American millionaire, a fur trader. He created the American Fur Company, lobbied Congress to pass trade restrictions against British furs and profited from it.

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16y ago
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Q: Who was America's first millionaire?
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