John Jacob Astor IV was one of the richest men in the world when he died on the Titanic. Here’s a look at the life of the multi-millionaire.

John Jacob Astor IV was one of the richest men in the world when he died on the Titanic. Here’s a look at the life of the multi-millionaire.

15 Apr    Finance News
john jacob astor

John Jacob Astor IV was one of the wealthiest people in the world.Library of Congress / Getty

  • When John Jacob Astor IV died on the Titanic 110 years ago, he was one of the richest people in the world.

  • He built landmark New York hotels like the Astoria Hotel and the St. Regis.

  • Astor’s wife, who was 30 years younger than him, was pregnant aboard the Titanic and survived.

John Jacob Astor IV was born on July 13, 1864, in New York into one of the most affluent families in the world.

john jacob astor

The first John Jacob Astor.Stock Montage/ Getty

The Astor family dates back to the early 1700s when the original John Jacob Astor (pictured) came to the Americas from a small village in Germany to make a name for himself. He started making money in the fur-trading businesses, but his real fortune began when he entered the world of real estate. One of his first big purchases was a plot of land in the middle of Manhattan, modern-day Times Square. Quickly, Astor bought land all around Manhattan, becoming one of the richest men in the world and creating a dynasty.

When John Jacob Astor IV was born to William Astor and Caroline Webster Schermerhorn in 1864, the Astor name was already well-respected in high society, and the family’s fortune was one of the world’s largest.

As an heir to the family fortune, John Jacob Astor IV received an education at the finest schools in the US.

john jacob astor iv

John Jacob Astor IV in 1890.Bettmann/ Getty

He first attended St. Paul’s School in Concord and then went on to Harvard University, but there is no record of him graduating. After schooling, Astor went abroad for a few years before returning to New York to take up the family business: real estate.

In 1897, Astor used his fortune to build the Astoria Hotel in New York.

waldorf asotira in 1907

Waldorf Astoria Hotel in 1907.ullstein bild Dtl./ Getty

In 1893, William Waldorf Astor built the Waldorf Hotel on the corner of Fifth Avenue and 33rd Street. Reportedly, he built the hotel to spite his cousin, John Jacob Astor IV. In retaliation, Astor built a competing hotel in 1897 on the adjacent corner and named it the Astoria Hotel. When the cousins were finally convinced that joining both the hotels would be a smart business decision, a 300-foot marble corridor was built between them. The famous Waldorf-Astoria Hotel was born.

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For the next few decades, the hotel became a symbol of luxury, wealth, and class in New York. It was considered one of the best hotels in the country and even in the world.

The Waldorf-Astoria Hotel closed in 1928 and was demolished, making room for the Empire State Building. The new Waldorf-Astoria Hotel was built farther uptown in 1931, long after Astor’s death.

Astor also built another New York landmark hotel: the St. Regis.

st regis hotel

The St. Regis.Bettmann/ Getty

In 1904, Astor opened The St. Regis, which The New York Times called “the finest hotel in America” at the time. Astor aimed to make the hotel technologically advanced, ensuring each room had a telephone. Some historians call the hotel Astor’s “greatest achievement,” according to The St. Regis is still open today.

While developing some of New York’s finest hotels, Astor still had time for his hobbies, like writing.

a journey in other wolds john jacob astor

“Journey in Other Worlds.”Amazon

In 1894, Astor published his first and only science-fiction novel, “Journey in Other Worlds.”

AJourney in Other Worlds’ races far ahead of the nineteenth century to imagine what life would be like in the year 2000,” the Amazon synopsis reads. “At the beginning of the twenty-first century, Earth is effectively a corporate technocracy, with big businesses using incredible advances in science to improve life on the planet as a whole. Seeking other planets habitable for the growing human population, the spaceship Callisto, powered by an antigravitational force known as apergy, embarks on a momentous tour of the solar system.”

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Astor was also an accomplished inventor.

john jacob astor iv

John Jacob Astor IV.Library of Congress/ Getty

In 1898, he patented a brake for the bicycle, invented a vibratory disintegrator, and created a pneumatic road-improver. He also helped invent a turbine engine.

As for his personal life, Astor married Ava Lowle Willing in 1891, but they divorced in 1909.

ava lowle Willing

Ava Lowle Willing.Universal History Archive/ Getty

Ava Lowle Willing and Astor had two children together, Vincent and Alice. Although they seemed like the perfect, upper-class family, the marriage was largely unhappy. The couple got divorced in 1909, setting Astor up for one of the family’s biggest scandals.

At 47 years old, Astor met Madeleine Talmage Force, who was 18, and they fell in love.

John Jacob Astor IV and Madeline Force

John Jacob Astor IV and Madeleine Talmage Force.George Rinhart/Corbis/Getty Images

When Astor and Madeleine Talmage Force married in 1911, it became a scandal — at the time, divorce was rare and remarrying was even more so. Astor and his new wife decided to spend winter in Europe in hopes that the talk would die down in their absence.

The controversy over their relationship even made its way onto screens decades later. In the 1997 Oscar-winning movie “Titanic,” Rose points out Astor and his pregnant wife to Jack.

“His little wifey there Madeleine is my age and in delicate condition. See how she’s trying to hide it? Quite the scandal,” she says.

When Madeleine fell pregnant in 1912, they decided to return to New York, so Astor booked them a room on the Titanic.

john jacob astor iv

John Jacob Astor IV.Bettmann/ Getty

At the time, Astor was one of the world’s richest men, and he certainly was the wealthiest aboard the Titanic. It’s reported that he had a fortune worth somewhere between $90 and $150 million when he boarded the fateful ship. Today, he would be worth between $2.6 and $4.5 billion when adjusted for inflation.

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After the Titanic hit an iceberg on April 14, 1912, Astor calmly brought his wife, Madeleine, to the second-to-last lifeboat.


The Titanic.AP

According to, Astor was among the first few people who knew the ship was sinking. He woke his sleeping, pregnant wife and told her to get dressed in her warmest clothes. He put all of the jewelry on her, took her to the deck, and placed her in a lifeboat. She clung to her husband and wanted to stay with him, but he reportedly said, “The sea is calm. You’ll be alright. You’re in good hands. I’ll see you in the morning.”

Astor was last seen on the deck. He was wearing a dinner suit and holding a personalized pocket watch.

Nearly two weeks after the Titanic sank, The New York Times reported that Astor’s body had been recovered by a search team from Halifax, Canada.

A grave at the Fairview Lawn cemetery in Halifax, Canada where 121 Titanic victims are buried.

A grave at the Fairview Lawn cemetery in Halifax, Canada, where 121 Titanic victims are buried. Astor’s body was sent back to New York.AP Photo/Lefteris Pitarakis

Astor’s was among 306 bodies found by the crew of the Mackay-Bennett in the weeks after the tragedy. He was reportedly identified by the initials sewn into his jacket. His pocket also contained a solid gold watch engraved with the initials J.J.A., according to The New York Times.

Due to a lack of embalming fluid on the Mackay-Bennett, 116 of the recovered bodies were buried at sea, while the others were returned to Halifax. Many were buried in a cemetery (pictured) in the city, but Astor’s son, Vincent, traveled to Halifax to claim his father’s body, and it was returned to New York.

Astor’s wife, Madeleine, survived the shipwreck and gave birth to their son, naming him John Jacob. But most of his fortune went to his son from his first marriage, Vincent.

vincent astor

John Jacob Astor’s first son, Vincent.Library of Congress/ Getty

If Astor made it to the US, it’s reported that he would have made his and Madeleine’s unborn child the heir to his fortune. But most of his money went to his first son, Vincent (pictured), from his first marriage. John Jacob Astor VI received only a small portion of his father’s fortune, but Vincent went on to donate a large sum of his father’s money and became a philanthropist in New York City.

John Jacob Astor IV’s legacy has lasted long after his death.

eric braeden as john jacob astor

Eric Braeden as John Jacob Astor IV.Paramount Pictures

As the most famous person to die in the tragedy, Astor’s name and reputation have survived through the years. In fact, he has been portrayed in a number of TV shows and movies. Most notably, Eric Braeden played Astor in “Titanic.”

Read the original article on Insider

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