|Celebrated Name:||J. P. Morgan|
|Real Name/Full Name:||John Pierpont Morgan|
|Age at the time of death:||75 years old|
|Birth Date:||17 April 1837|
|Date of Death:||31 March 1913|
|Birth Place:||Hartford, Connecticut, United States|
|Wife/Spouse (Name):||Frances Tracy Morgan (m. 1865–1913), Amelia Sturges (m. 1861–1862)|
|Children:||Yes (J. P. Morgan Jr., Anne Morgan, Louisa Pierpont Morgan, Juliet Pierpont Morgan)|
|Profession:||Financier and banker|
|Net Worth in 2020:||$120 million|
|Last Updated:||August 2020|
J.P. Morgan was a well-known American banker and financier who dominated the industrial consolidation and corporate finance of the USA during the 19th and early 20th century. He has played important roles to form AT&T, International Harvester, and United States Steel Corporation. Morgan was the main person behind the merger of Thomson-Houston Electric Company and Edison General Electric in 1892.
Maybe you know about J. P. Morgan very well But do you know how old was he at the time of his death and what is his net worth in 2020? If you do not know, We have prepared this article about details of J. P. Morgan’s short biography-wiki, career, professional life, personal life, today’s net worth, age, height, weight, and more facts. Well, if you’re ready, let’s start.
John Pierpont Morgan Sr. was born in Hartford, Connecticut, on April 17, 1837, to his parents Juliet Pierpont and Junius Spencer Morgan. He completed his schooling from Boston’s The English High School and has also attended the Episcopal Academy. Following that, he attended the University of Göttingen to learn German.
In 1861, J.P. Morgan got married to Amelia Sturges (Mimi). She died a year later, and he got married to Frances Louisa Tracy (Fanny) in 1865. The couple had four children named Louisa Pierpont Morgan, J. P. Morgan Jr., Juliet Pierpont Morgan, and Anne Tracy Morgan. He had a deformed nose due to rhinophyma.
He died on 31st March 1913, before his 76th birthday in Rome, Italy’s Grand Hotel. He was the benefactor of New York Trade schools, Trinity College, Harvard University, Lying-in Hospital, Groton School, the Metropolitan Museum of Art, and the American Museum of Natural History.
Morgan was a collector of clocks, paintings, books, pictures, and art objects. He was a collector of gems and had over 1,000 pieces of them. He was also interested in photography.
Age, Height, and Weight
Being born on 17 April 1837, J. P. Morgan was 75 years old at the time of his death. His height was 1.70 m. tall, and weigh 80 kg.
In 1857, J. P. Morgan entered the banking sector of Peabody, Morgan & Co. in London. A year later, he joined Duncan, Sherman & Company in New York. At the time of the American Civil War, he bought 5,000 rifles at $3.50 each and resold them for $22 each. He renamed his father’s firm to “J.S. Morgan & Co” after the retirement of Peabody.
He then formed Drexel, Morgan & Company in 1871. In 1895, his firm was renamed as “J. P. Morgan & Company.” By 1900, his company became a powerful banking house in the world. He reorganized the structures of the business and invited a lot of investors.
Following the Panic of 1893, he sold gold to the United States Treasury along with Rothschilds. In 1910, he renamed his father’s company to Morgan, Grenfell & Company. Morgan played a key role during the Panic of 1907.
He has also unsuccessfully ventured into many other businesses like the London Underground field and International Mercantile Marine Company. His company has played important roles or organized for 42 major corporations from 1890 to 1913. He was a member of New York City’s Union Club.
Awards & Achievements
One of the biggest career achievements of J.P. Morgan is to be a successful businessman and extend his empire. In his honor, the gemstone “morganite” was kept. His estate, the Cranston Dependencies, has appeared in the list of National Register of Historic Places.
Net Worth & Salary of J. P. Morgan in 2020
As of August 2020, J.P. Morgan has an estimated net worth of more than $120 million at the time of his death in 1913. This fortune would have been $1.39 billion as of today. On the share of GDP, it would have been $25.2 billion as on this date. His fortune was inherited by his son John Pierpont “Jack” Morgan. He made this wealth by venturing into several businesses in his career. J. P. Morgan lived at 219 Madison Avenue. His collection of arts was estimated at $50 million.
J.P. Morgan is considered one of the most popular bankers in the world. He dominated the banking industry of the world when he was alive. His legacy still continues to operate through his children. He has played important roles in the American economy during the time of Panic. His entire family is known for dominating the banking sector.