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Commodore Vanderbilt

Cornelius Vanderbilt
Cornelius Vanderbilt Daguerrotype2.jpg
Born May 27, 1794
Staten Island, New York, U.S.
Died January 4, 1877(1877-01-04) (aged 82)
Manhattan, New York, U.S.
Resting place Moravian Cemetery, Staten Island, New York, U.S.
Occupation Railroad/water transport businessman, philanthropist
Net worth IncreaseUS $215 billion (2016 dollars; inflation-adjusted)
Spouse(s)
Children
  • Phebe Jane Vanderbilt
  • Ethelinda Vanderbilt
  • Eliza Vanderbilt
  • William Henry Vanderbilt
  • Emily Almira Vanderbilt
  • Sophia Johnson Vanderbilt
  • Maria Louisa Vanderbilt
  • Frances Lavinia Vanderbilt
  • Cornelius Jeremiah Vanderbilt
  • George Washington Vanderbilt I
  • Mary Alicia Vanderbilt
  • Catherine Juliette Vanderbilt
  • George Washington Vanderbilt II
Parent(s)
  • Cornelius van Derbilt
  • Phebe Hand
Relatives See Vanderbilt family
Signature
Cornelius Vanderbilt Signature.svg

Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), also known informally as "Commodore Vanderbilt", was an American business magnate and philanthropist who built his wealth in railroads and shipping. Born poor and having but a mediocre education, he used perseverance, intelligence and luck to work into leadership positions in the inland water trade, and invest in the rapidly growing railroad industry. He is best known for building the New York Central Railroad.

As one of the richest Americans in history and wealthiest figures overall, Vanderbilt was the patriarch of a wealthy, influential family. He provided the initial gift to found Vanderbilt University in Nashville, Tennessee. According to historian H. Roger Grant:

Contemporaries, too, often hated or feared Vanderbilt or at least considered him an unmannered brute. While Vanderbilt could be a rascal, combative and cunning, he was much more a builder than a wrecker. ... being honorable, shrewd, and hard-working.

Cornelius Vanderbilt's great-great-grandfather, Jan Aertson or Aertszoon ("Aert's son"), was a Dutch farmer from the village of De Bilt in Utrecht, Netherlands, who emigrated to New York as an indentured servant in 1650. The Dutch van der ("of the") was eventually added to Aertson's village name to create "van der Bilt" ("of De Bilt"). This was eventually condensed to Vanderbilt.

Cornelius Vanderbilt was born in Staten Island, New York on May 27, 1794 to Cornelius van Derbilt and Phebe Hand. He began working on his father's ferry in New York Harbor as a boy, quitting school at the age of 11. At the age of 16, Vanderbilt decided to start his own ferry service. According to one version of events, he borrowed $100 from his mother to purchase a periauger (a shallow draft, two-masted sailing vessel), which he christened the Swiftsure. However, according to the first account of his life, published in 1853, the periauger belonged to his father and the younger Vanderbilt received half the profit. He began his business by ferrying freight and passengers between Staten Island and Manhattan. Such was his energy and eagerness in his trade that other captains nearby took to calling him The Commodore in jest - a nickname that stuck with him all his life.


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