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John Augustus Sutter, a Swiss immigrant and pioneer in California, initially found success through his agricultural ventures and the establishment of Sutter's Fort. However, his wealth drastically changed when gold was discovered at his mill in 1848, leading to the California Gold Rush. Despite his initial fortune, Sutter lost much of his wealth due to legal issues, the influx of gold seekers to his land, and poor business decisions, ultimately dying in relative poverty in 1880. Thus, while he made significant money during his lifetime, much of it was lost, and he did not retain lasting wealth.
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The gold rush began at Sutter's Mill in Colima, CA. John Marshall discovered gold in the traces of the mill in 1848. Once the gold was discovered the rush was on. A newspaper headline stated "Eureka, Gold Found". The average pay was about 10.00 a month, but a man could make 50.00 a day if he found gold. Within months over 10,000 a day were coming into the area any way they could. Sutter lost in the gold rush. He lost his fortune , mill, and ended up a broke unhappy man. By 1850 CA became a state on Sept. 9, 1850.
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