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John Sutter, a Swiss immigrant and founder of Sutter's Fort in California, made a significant fortune in the 1840s through agriculture and land development. However, his wealth largely evaporated due to the California Gold Rush, as many people flooded to his land to seek gold, which ultimately led to financial losses for Sutter. While estimates of his earnings vary, he reportedly amassed a fortune of around $200,000 at his peak, but he died in relative poverty.
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