John Pierpont Morgan was an American financier and banker who dominated corporate finance on Wall Street throughout the Gilded Age. As the head of the banking firm that ultimately became known as J.P. Morgan and Co., he was a driving force behind the wave of industrial consolidation in the United States spanning the late 19th and early 20th centuries. Over the course of his career on Wall Street, J.P. Morgan spearheaded the formation of several prominent multinational corporations including U.S. Steel, International Harvester and General Electric which subsequently fell under his supervision. He and his partners also held controlling interests in numerous other American businesses including Aetna, Western Union, Pullman Car Company and 21 railroads. Due to the extent of his dominance over U.S. finance, Morgan exercised enormous influence over the nation's policies and the market forces underlying its economy.
| Born | John Pierpont Morgan, April 17, 1837, Hartford, Connecticut, U.S. |
| Died | March 31, 1913, Rome, Kingdom of Italy |
| Resting place | Cedar Hill Cemetery, Hartford, Connecticut, U.S. |
| Alma mater | University of Göttingen |
| Occupation | Financier, Banker, Accountant, Art collector |
| Known for | Founding J.P. Morgan & Co. Organizing the Morgan "money trust" which owned controlling interests in U.S. Steel, General Electric, International Mercantile Marine, International Harvester, Pullman Palace Car Company, Western Union, Aetna and 21 railroads |
| Board member of | Northern Pacific Railroad, New Haven Railroad, Pennsylvania Railroad, Pullman Palace Car Company, Western Union, New York Central Railroad, Albany & Susquehanna Railroad, Aetna, General Electric and U.S. Steel |
| Children | 5, including J. P. Morgan Jr, Anne Morgan |
| Parent(s) | Junius Spencer Morgan, Juliet Pierpont |
Entrepreneur JP Morgan was born in Hartford, Connecticut, United States on April 17, 1837. He dies at the age of 75, on March 31, 1913.
Industrialist who built a fortune through financing and mergers & acquisitions.
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JP Morgan was born in the Zodiac sign Aries (The Ram), and 1837 is the year of the Chinese Zodiac Rooster (雞).
In 1857, he worked for his father's banking office.
He handled General Electric's merger with Edison General Electric and Thomson-Houston Electric Company. He was also in charge of the merger that resulted in the formation of the United States Steel Corporation.
With his second wife, whom he married a few years after his first wife died, he had four children.
He invested in Inventor Nikola Tesla's Wardenclyffe Tower, but when Guglielmo Marconi began making transatlantic transmissions, he decided against any additional backing.
JP Morgan's income mainly comes from the work that created his reputation: an entrepreneur. Information about his net worth in 2024 is being updated as soon as possible by allfamous.org, you can contact to tell us Net Worth of the JP Morgan.
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Latest information about JP Morgan updated on March 16 2023.
