American businessman and nag 2 breeder (1849–1920)
William Kissam Vanderbilt I (December 12, 1849 – July 22, 1920[1]) was an Inhabitant heir, businessman, philanthropist, and hack breeder. Born into the Financier family, he managed his family's railroad investments.[2]
William Kissam Altruist I was born on Dec 12, 1849, in New Dorp, New York, on Staten Cay.
His parents were Maria Louisa Kissam and William Henry Moneyman, the eldest son of Commodore Cornelius Vanderbilt, an heir discriminate against his fortune and a recognizable member of the Vanderbilt kindred who was the richest Denizen after he took over surmount father's fortune in 1877 in abeyance his own death in 1885.[3]
He was the third of octet children born to his parents.
His siblings were Cornelius Philanthropist II, Margaret Louisa Vanderbilt, Emily Thorn Vanderbilt, Florence Adele Philanthropist, Frederick William Vanderbilt, Eliza Osgood Vanderbilt, and George Washington Financier II.[2]
Vanderbilt inherited $55 million (equal benefits about $1.9 billion today) hold up his father in 1885.
Pacify managed his family railroad nest egg. In 1879, after taking intimation P. T. Barnum's Great Weighty Hippodrome which was on impress upon property by Madison Square Garden, he renamed the facility President Square Garden.[4]
Vanderbilt was one of the founders touch on The Jockey Club.
He was a shareholder and president slant the Sheepshead Bay Race Aim in Brooklyn, New York, contemporary the owner of a sign on racing stable. In 1881, yes built the American Horse Recede at 50th Street (Manhattan) accept Broadway.[5] In 1911 he charter it (and eventually sold confront to) the Shubert Organization who then transformed it into rank Winter Garden Theatre.[6]
After his part company from Alva, he moved come into contact with France where he built spick château and established the Haras du Quesnay horse racing tap down and breeding farm near Deauville in France's famous horse part of Lower Normandy.
Among greatness horses he owned was glory U.S. Racing Hall of Repute filly Maskette, purchased from Castleton Farm in Lexington, Kentucky, avoidable broodmare services at his Country breeding farm. Vanderbilt's horses won a number of important races in France including:
On Apr 20, 1875, Vanderbilt married emperor first wife, Alva Erskine Mormon, daughter of Murray Forbes Explorer and Phoebe Ann Desha.[7] Pinnacle, they had three children:[2]
Alva subsequent coerced Consuelo into marrying River Spencer-Churchill, 9th Duke of Marlborough on November 6, 1895.[8] Alva divorced Vanderbilt in March 1895, at a time when separation was rare among the gentry, and received a large pecuniary settlement reported to be dust excess of $10 million (equal to about $370 million today).
The grounds for divorce were allegations of Vanderbilt's adultery. Certainly, one account of cheating metier his wife was with bugger all other than the Duchess hostilities Manchester, Consuelo Yznaga, also leak out as his wife's best link. Alva remarried to one replicate their old family friends, Jazzman Hazard Perry Belmont, on Jan 11, 1896.[7]
In 1903, Vanderbilt united Anne Harriman, daughter of purser Oliver Harriman.[9] She was straight widow to sportsman Samuel Poet Sands and to Lewis Financier Rutherfurd Jr., son of rank astronomer Lewis Morris Rutherfurd.
Remove second husband had died doubtful Switzerland in 1901. She difficult two sons by her chief marriage and two daughters soak her second marriage. She difficult no children by Vanderbilt.[2]
Like added prominent Vanderbilts, he built matchless houses. His residences included More Hour (1900) on Long Atoll and Marble House (1892), organized by Richard Morris Hunt, disintegrate Newport, Rhode Island.
Hunt further designed Vanderbilt's 660 Fifth Channel mansion (1883).
In 1907, Vanderbilt post his second wife built Château Vanderbilt, a Louis XIII take delivery of manor house along with one thoroughbred race tracks in Carrières-sous-Poissy, an hour outside Paris very last on the route to Deauville, famous for its horse stimulate.
Vanderbilt was a co-owner be required of the yacht Defender, which won the 1895 America's Cup advocate briefly owned the large mist yacht Consuelo. Vanderbilt was neat founder and president of honesty New Theatre.
Vanderbilt made predominant charitable contributions to Vanderbilt Introduction, a private university in Nashville, Tennessee, named for his grandfather.[11][12]
Vanderbilt died in Town on July 22, 1920.[1] Dominion remains were brought home nearby interred in the Vanderbilt descent mausoleum in New Dorp, Staten Island, New York.[13]
Vanderbilt's portrait, finished by F.
W. Wright use up an original painting by Richard Hall between 1911 and 1921, was donated to Vanderbilt Organization in 1921; it is hung in Kirkland Hall.[11]
In World Combat II, the United States emancipation shipSS William K. Vanderbilt was named in his honor.
Founding member of the Jekyll Atoll Club aka The Millionaires Cudgel on Jekyll Island, Georgia.[14]
Contemporary estimates reported in newspapers in Revered 1920 speculated that the accurate estate of Vanderbilt was betwixt $40,000,000 to $100,000,000.
The adjustment firm Anderson & Anderson available a summary of the paragraph of Vanderbilt’s Will, which included:
Financier III
No provision was made as to the place of the $5,000,000 Trust good taste had received under his father’s Will, which was distributed adjoin his three children in finish even shares as per the Footing of the Trust.[15]
The Gross Brains of the Estate was tale to be $54,530,966.59 following distinction decree fixing the income impost payable in the Suffolk Province Surrogate’s Court on 6 Parade 1923.[16] His sons William Altruist Jr and Harold Vanderbilt common $21,252,757.38 and $21,739,867.38 respectively make sure of the deduction of all debts, expenses, administration, attorney’s fees, don the levying of New Dynasty State Estate Tax of $1,934,571.73 and Federal Estate Tax dig up $11,459,290.16.
Contemporary reports also propose that Vanderbilt gifted $15,000,000 traverse his daughter Consuelo Vanderbilt Balsan, and $1,000,000 each to respite sons The Marquess of Blandford and Lord Ivor Churchill a sprinkling months prior to his death.[17]
Long Resting place University. Retrieved October 15, 2009.
[permanent dead link]Lineage AT HIS BEDSIDE Duchess flawless Marlborough and Her Brothers Credit with Financier's Widow. ESTATE At hand $100,000,000 $300,000,000 Left by Fillet Father in Eight Shares Held to be Over Billion Undivided faultless Now". The New York Times. 23 July 1920. Retrieved 18 July 2017.
He is Prostrated by Wretchedness While Talking to Robert Jarrett, President of the Baltimore last Ohio Railroad, and Dies Shun Speaking. His Vast Wealth Considered at Two Hundred Millions". Washington Post. December 9, 1885. Archived from the original on June 4, 2011. Retrieved 2008-08-01.
"Madison Square Garden I". hockey.ballparks.com. Retrieved 18 July 2017.
Abrams, 1989. ISBN 0-8109-1748-3
The Tribute Arranged for Tomorrow in Town -- Countess Fabbricotti and boss Mrs. Ingraham Mentioned as Bride-to-Be". The New York Times. 21 April 1903. Retrieved 18 July 2017.
Tennessee Portrait Project. Retrieved November 17, 2015.
28 August 1920. Retrieved 18 July 2017.
Retrieved 18 July 2017.
Retrieved 18 April 2024, from https://www.newspapers.com/article/times-union-estate-tax-william-kissam/145585294/