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Jun 3, 2020

[Answer] Who was America's first multi-millionaire?

Step 1 : Introduction to the question "Who was America's first multi-millionaire?"



...John Jacob Astor worked along his father in the family's diary business until the age of 16, when he joined his brother in London. He worked with his brother to manufacture and market musical instruments for five years before traveling to the U.S. in 1784 to represent the business there. There he worked with another brother in a butcher shop. Not satisfied with his line of work, Astor joined the fur trade, doing business with local Native American tribes. When the U.S. and Great Britain entered a commercial treaty that opened up new markets in 1790, Astor quickly established himself as the exporter for Canada's premier fur company. By the 1800s, his worth measured more than $250,000, which is nearly $5 million in today's economy. Source: History.com




Step 2 : Answer to the question "Who was America's first multi-millionaire?"



John Jacob Astor:


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Step 3 : Disclaimer & Terms of Use regarding the question "Who was America's first multi-millionaire?"


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