H. Vanderbilt Dead. To the surprise of many, including the father, William not only improved the farming operation but was able to make it profitable, and in profits Cornelius believed. We have set your language to The William Henry Vanderbilt estate was valued at about $200 million at the time of his death. Drs. Which memorial do you think is a duplicate of William Vanderbilt (91806842)? But it had no reality in my life." William Henry Vanderbilt II (Q75624336) (1870-1892) edit Statements instance of human 0 references sex or gender male 1 reference given name William 0 references date of birth 1870 1 reference date of death 1892 1 reference father Cornelius Vanderbilt II 1 reference mother Alice Claypoole Gwynne 1 reference Identifiers Geni.com profile ID When his father died of a cerebral hemorrhage, Alfred was the primary inheritor of his $72 million estate, according to The Lusitania Resource. There was an error deleting this problem. Based on the national gross domestic product per capita ratio at the time of Vanderbilt's death, and the present time, a ratio of about 260, Vanderbilt's estate would be valued at about $52 billion dollars in today's terms. William Henry Vanderbilt was the fourth child and first son of Cornelius Vanderbilt's 13 children. Articles from Britannica Encyclopedias for elementary and high school students. The Vanderbilts: How American Royalty Lost Their Crown Jewels - Forbes Together, they had nine children: In 1883, he resigned all his company presidencies and had his sons appointed as important chairmen but left the day-to-day running of the businesses to experienced men appointed president. Today, Biltmore Estate is a tourist attraction where visitors can see the original collections of George and Edith. One hundred and twenty-eight lives were lost. William Henry Vanderbilt II (1870-1892) "Bill" William H. Vanderbilt II, died at Yale, unmarried zoom_in1 images Father Cornelius Vanderbilt II (1843-1899) Mother Alice (Gwynne) Vanderbilt (1845-1934) Share Contributed by Mark Meredith on 03/10/2018 and last updated on 18/05/2020. William Henry Vanderbilt, II (1870 - 1892) - Genealogy - geni family tree When his father, William Henry Vanderbilt died in 1892, Cornelius Vanderbilt II received nearly another $70 million, and the responsibility to manage the New York Central Railroad system. Daughter of W. H. Vanderbilt Was Last Surviving Grandchild of Commodore Vanderbilt", "H. M'K. Drs. Profile for George Vanderbilt from Serafina and the Black Cloak cemeteries found within kilometers of your location will be saved to your photo volunteer list. When he died in 1885, rather than entrusting the fortune to the most business-savvy descendant, he divided it between his two eldest sons so they could share the "heavy responsibility.". Unfortunately, most of these would be demolished in the late 1920s after being sold to real estate developers. Use Next and Previous buttons to navigate, or jump to a slide with the slide dots. [20], Vanderbilt was an active philanthropist who gave extensively to a number of philanthropic causes including the YMCA; funding to help establish the Metropolitan Opera (which was not an entirely selfless act; his and other New York "new money" families had been socially excluded from the New York Academy of Music and set up the Metropolitan as competition); and an endowment for the Columbia University College of Physicians and Surgeons. He was noted as an excellent horseman, a first class cross country rider, and an expert polo player. The cost of the ball was estimated to be over $250,000 (more than $6 million today, per theOfficial Data Foundation). His father and mother their five other children, and Dr. J. W. McLane were. Young Vanderbilt was the owner of the forty-six-foot sloop yacht Ilderim, one of Burgess's last boats, which he had intended to put in commission this Summer. Part of a New York farming family of modest means, Cornelius "the Commodore Vanderbilt was 16 when he borrowed $100 from his mother in exchange for plowing eight acres of soil, according to Encyclopedia.com. Are you adding a grave photo that will fulfill this request? J. The Vanderbilts, still newly rich and with a reputation for crassness from their patriarch Cornelius "Commodore" Vanderbilt, were not on that list. He inherited nearly $100 million from his father, railroad mogul and family patriarch "The Commodore" Cornelius Vanderbilt upon his death in 1877 and had increased it to almost $194 million at his death less than nine years later. Finally, the youngest, George W. Vanderbilt, who contributed very little to the Vanderbilts' investments and enterprises, would make large donations to Columbia University, the American Fine Arts Society, and the New York Public Library. Year should not be greater than current year. ESTATE NEAR $100,000,000 $300,000,000 Left by His Father in Eight Shares Believed to be Over Billion Total Now", "MRS. HENRY WHITE DIES IN LENOX AT 94; Daughter of W.H. In 1896, however, at the age of 23, he decided to marry his lover Grace Wilson, a decision that his parents entirely disapproved of, according to the New Netherland Institute. As told by descendant Arthur T. Vanderbilt II in his bookFortune's Children: The Fall of the House of Vanderbilt, not even 30 years after his death in 1877, the Vanderbilt family had fallen off the list of the wealthiest families in the United States. or don't show this againI am good at figuring things out. This is a carousel with slides. There are no volunteers for this cemetery. ). [1] He was the eldest son of Commodore Cornelius Vanderbilt, an heir to his fortune and a prominent member of the Vanderbilt family. The sponsor of a memorial may add an additional. The New York and Harlem Railroad and the Hudson River Railroad were merged with the Long Island Railroad and the Central Railroad and formed the beginning of the New York Central System. Cornelius learned his business acumen from his mother, who taught him how to save and invest. You can always change this later in your Account settings. By the time he died in 1877 at the age of 82, he had a net worth of about $105 million (over $2.3 billion today), nearly all of which he left to his oldest son, William Henry Vanderbilt. Please enter your email and password to sign in. [citation needed] His youngest son George inherited his Staten Island mansion and farm, which became Miller Field airbase and parkland. VANDERBILT DIES IN FRANCE IN HIS 71ST YEAR; Was Eldest Male Survivor of Family That Built Fortune in New York Central. To use this feature, use a newer browser. As the youngest son of the family (per Geneanet), Reginald had little involvement in the family business. The Vanderbilt family is known as one of the most prominent families in the United States. About - William Henry Your new password must contain one or more uppercase and lowercase letters, and one or more numbers or special characters. [3], His father carefully oversaw his business training, starting him out at age 19 as a clerk in a New York banking house. Within a few years William was not only able to revamp and reorganize the railroad, but he also was able to make it into a profitable operation with a strong financial footing, again much to the surprise of many including the father, Cornelius. In 1857 he convinced his father to make him receiver of the bankrupt Staten Island Railroad and a few years later startled his father by putting the line back on a sound financial footing. William Henry had doubled the inheritance by the time of his death, just nine years later. William greatly expanded the railroad operations including the New York Central System. Father. Perhaps it's not that surprising, then, that the future Vanderbilts were unprepared to handle the family fortune. William Henry Vanderbilt III (24 November 1901-14 April 1981) was the Republican Governor of Rhode Island from 3 January 1939 to 7 January 1941, succeeding Robert E. Quinn and preceding J. Howard McGrath.. What they loved splurging on were assortments of grand mansions, townhouses, and estates. William Henry "Billy" Vanderbilt (Mey 8, 1821 - December 8, 1885) wis an American businessman an philanthropist. Are you sure that you want to delete this photo? In the late 19th century, social and technological changes allowed thousands of families to get ridiculously rich and prosper in a period called the Gilded Age, as described by Time. At the time, that was more than was in the U.S. Treasury. When he was 42, he was told by his doctors that he would die soon if he refused to stop his alcoholic ways. Are you sure that you want to report this flower to administrators as offensive or abusive? So in 1840 Cornelius decided to send William to Staten Island to run one of the Vanderbilt family's farms. All photos appear on this tab and here you can update the sort order of photos on memorials you manage. https://www.findagrave.com/memorial/91806842/william-henry-vanderbilt. At the end of the bio profile of Commodore Cornelius Vanderbilt is an extensive description how the Vanderbilt in this bio profile fits in with the other prominent Vanderbilts who preceded or followed him. Try again later. He inherited nearly $100 million from his father. Continuing with this request will add an alert to the cemetery page and any new volunteers will have the opportunity to fulfill your request. You are nearing the transfer limit for memorials managed by Find a Grave. Once the mansion was finished, she spared no expense throwing an extravagant ball that would successfully land Willie and Alva on the List of 400 in March 1883. "of acccptiug the nomination if it was ofleicd, New York, administered seventy-five lashes to a negro woman. Resend Activation Email. Subscribe to NNI's e-Marcurius and DAGNN-L toreceive information about New Netherland-related events, activities, conferences, and research. At one time during the afternoon he rallied, and his temperature went down to 100 1/2. (1821-85). He was interred in the Vanderbilt family mausoleum at the Moravian Cemetery in New Dorp on Staten Island, New York. Try again later. Family tree of Cornelius VANDERBILT - Geneastar His Vast Wealth Estimated at Two Hundred Millions", "The Truth About that "Public Be Damned" Interview", "Mrs. Vanderbilt Sr. [1] When he was called into service for World War II, he captained a PT Boat in the South Pacific, earning the Silver Star for bravery. Allen William Vanderbilt (18461847) who died at age 11 months. Margaret Louisa Vanderbilt-Shepherd [1845-1924], Florence Adele Vanderbilt-Twombley [1854-1952]. There was an error deleting this problem. after which the sufferer passed into a deep sleep, from which he never awoke. You have chosen this person to be their own family member. Cornelius worked his way from the ground up, and at the time of his death in 1877, he reportedly had a net worth of approximately $100 million (about $2.5 billion in today's money), and was the wealthiest man in the United States at that time, according to Business Insider.