Home > Development of the Industrial U.S. > Cornelius Vanderbilt Biography

Born May 27, 1794 (Port Richmond, New York)

Died January 4, 1877 (New York, New York)

Shipping executive

Railroad executive

Financier

When Cornelius Vanderbilt died in 1877, he left an estate valued at $100 million. Vanderbilt's astonishing fortune ranked him as the richest American in his lifetime, and his wealth had seemed to grow right along with the rapidly expanding new nation. Known as the "Commodore," he made his first fortune in shipping and went on to own a large section of the railroad tracks that connected the East Coast to Chicago, Illinois. Vanderbilt had a skill for recognizing coming changes and trends, and his talent for investment opportunities made him one of the American Industrial Revolution's leading figures. His estate also created one of the country's great family fortunes.