About J. P. Morgan
It has been estimated that the current sum of J. P. Morgan net worth reaches 41.5 billion dollars, which made him one of the richest men in the world. He was born in 1837 and died in 1913. J. P. Morgan proved to be one of the most successful businesspeople in the world of all times. J. P. Morgan earned a huge part of his net worth because of his own company called J. P. Morgan and Company. This company added a lot of revenues to the overall amount of J. P. Morgan net worth.
J. P. Morgan was studying at the English High School established in Boston. This school is known as a commerce school. He got his education in business and stayed in this career for the rest if his life. In 1857 J. P. Morgan started to work in banking industry. The first position he got was in his father’s company called Peabody, Morgan and Co. However, he stayed there for only one year. After that, he moved to live to New York City, where he joined another company related to banking, which was called Duncan, Sherman and Company. This company also belonged to his father.
In 1890, his father died. Thus, J. P. Morgan took over his business and started working in J.
S. Morgan and Co. In 1895, J. P. Morgan’s peek career came when he took over the company completely and changed its name into J. P. Morgan and Company. Throughout his career in business, J. P. Morgan achieved a lot of attention from media. With years, his company got bigger and bigger till it held much of the American economy. Thus, it also increased J. P. Morgan net worth by a mile.
In order to improve his position in business, J. P. Morgan bought more and more companies, which he joined in his industry. Eventually, he got interested into steel companies which he bought and this made him to be an owner of almost all railroad industries in the United States. He established his own steel company which was called the U. S. Steel. The company became known internationally and it grew to be a billion dollar business, therefore, it also added up a lot to the total estimate of J. P. Morgan net worth. J. P. Morgan up to this day is considered by many people to have been the only catalyst who saved the United States from the recession.