How made millions in 1849 in the California gold rush?

Answer 1

During the California Gold Rush in 1849, many prospectors flocked to California in search of gold, but the individuals who made the most significant fortunes were often not the miners themselves. Entrepreneurs like Levi Strauss, who sold durable clothing and supplies to miners, and those who established businesses, such as general stores and saloons, capitalized on the influx of prospectors. Additionally, some miners struck large gold deposits, but the sheer number of people involved meant that many found only modest amounts of gold, while those supplying them reaped substantial profits.