Who is Vanderbilt Family and what is their net worth 2018? Vanderbilt family is an American Dutch family. It gained popularity in the late 19th century ‘Gilded Age’. Once, it was among the richest families of the United States of America. This family made huge success due to the shipment and railroad empires of Cornelius Vanderbilt.
After this, the Vanderbilt family extended their business into a number of different areas including philanthropy and industry. The children of Cornelius Vanderbilt constructed majestic mansions in NYC on 5th Avenue. Similarly, they built grand summer huts in Newport, Rhode Island and a number of other lavish homes.
A Dutch farmer belonging to the village of De Bilt in Utrecht, Netherlands ‘Jan Aertszoon or Aertson’ is the originator of the Vanderbilt family. In 1650, he moved to the New Netherland’s Dutch colony as a bound servant to the Van Kouwenhoven family. The great-great-great-grandson of Aertszoon, ‘Cornelius Vanderbilt’, made the family to the height of fame.
At the age of 11, Cornelius Vanderbilt left school to construct a railroad and shipping empire during the gilded age. He began working with having only one boat. His enthusiasm and willingness caused his nickname “Commodore” and made him and his family the richest. He achieved a top rank in US Navy.
From the next generations of Cornelius Vanderbilt, some achieved popularity by doing business while other took part and earned fame in different fields. Alfred Gwynne Vanderbilt travelled on the RMS Lusitania and breathed his last when it sank. His Alfred Jr. turned out to be a well-known horse breeder and leader of racing.
Harold Stirling Vanderbilt became a sportsman and enjoyed a huge amount of fame. He founded the contract form of a bridge and able to get the most desirable award in yacht racing, the ‘America’s Cup’, 3 times. While his brother William Kissam “Willie K” Vanderbilt II served auto racing by introducing the Vanderbilt Cup. Moreover, William Henry Vanderbilt III Governed the ‘Rhode Island’.
Another member of this family ‘Gloria Vanderbilt’ became a prominent performer, designer, and writer. Her son’ Anderson Cooper’ is a Peabody Award-winning member of the press, writer, and producer on television. Then again ‘Gertrude Vanderbilt Whitney’ constructed the ‘Whitney Museum of American Art’. Also, he remained a collector and an art benefactor.
Vanderbilt Family Net Worth
The Commodore inherited a giant amount of wealth to his William Henry Vanderbilt. He made possible h increments in the property of his father and doubled the possessions of the Vanderbilt’s. he constructed the great mansion at 5th Avenue whom he led his son to Head after himself.
Cornelius II constructed the biggest personal home on 58th street in the New York City. It had 154 rooms. Likewise, he constructed The Breakers in Newport, Rhode Island. Brother of Cornelius II, William Kissam Vanderbilt also contributed to the wealth of the family by being a huge architectural benefactor. Vanderbilt Family has an estimated net worth of $200 million.
The Vanderbilt family devastated its fortune due to the sumptuous expenditures of its 3rd and 4th generations. It has been observed by the ‘National Park Service’ that many of the members of this family are living from hands to mouth and are in hard need to earn hard for surviving and for a living.