Cornelius Vanderbilt- Camila

    

Cornelius Vanderbilt 


     Cornelius Vanderbilt was the richest man in the U.S. in the late 1800s. Vanderbilt was "self made" which means he didn't come from money and he built his wealth by himself. Vanderbilt used his power to invest his profits in steamboats, lending money to other businessmen, building real estate, and buying stocks in private corporations. Vanderbilt became rich by not only taking one industry but two, the steamboat industry and the railroad industry.

    "Cornelius Vanderbilt possessed many good habits that elevated him above his peers" Cornelius Vanderbilt used a tactic that his mother used which was spending less that he earned and then saving and investing the difference. Another reasons Vanderbilt became so rich was because he was never in debt. He never took out loans or borrowed money. "He never flaunted his wealth or his money". 

Vanderbilt spent most of his time surrounding himself and making relationships with other "success-minded' individuals. Vanderbilt became wealthy because he never listened or took critisim form his doubters. Cornelius Vanderbilt died in 1877 with a personal fortune of over 100 million dollars. 



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