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Did John Jacob Astor IV inherit his wealth or earn it through business?
He inherited all of it
He earned all of it
He inherited some and earned some
His wealth was mostly from lottery winnings
Answer
The inherited portion of John Jacob Astor IV's wealth stemmed from his great-grandfather, who amassed a fortune through fur trading. Astor IV, through shrewd business acumen, multiplied his inheritance, notably by investing in real estate in rapidly developing New York City, making him one of the wealthiest figures of the Gilded Age and earning him the epithet "Landlord of New York."
The Astounding Astor: A Quiz on the Life of John Jacob Astor IV
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