He left most of it to his family.
The Rothschilds and Vanderbilts are not directly related; they come from distinct backgrounds and families. The Rothschilds are a prominent banking family of Jewish descent originating in Germany, while the Vanderbilts are an American family known for their wealth in the shipping and railroad industries. Although both families have been influential and wealthy, any connection would be distant and not through direct lineage.
$120 million
The Vanderbilts lost their money due to poor financial decisions, overspending, and the decline of their railroad and shipping businesses.
The Vanderbilts made their fortune primarily through the shipping and railroad industries. Cornelius Vanderbilt began by building a successful ferry service and then expanded into railroads, consolidating various lines to create a vast transportation network. His strategic investments and aggressive business tactics allowed him to dominate the industry, leading to immense wealth. The family's wealth continued to grow through the investments of subsequent generations in various enterprises, including real estate and philanthropy.
railroads and steamships
Biography - 1987 The Vanderbilts An American Dynasty was released on: USA: 2 January 1995
The Vanderbilts lost their fortune due to a combination of factors, including overspending, poor investments, changing economic conditions, and inheritance disputes.
Issac E Emerson
Vanderbilt is in Nashville, TN.
He had over $100 million at his peak in the railroad business.
The Vanderbilts lost their fortune due to poor financial decisions, overspending, and the decline of their railroad and shipping businesses. Additionally, changing economic conditions and the rise of new industries also contributed to their financial downfall.
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