About Vanderbilt FamilyThe Vanderbilts is one of the most influential families in the world. It gained prominence hundreds of years ago, back in the Gilded Age, when Cornelius Vanderbilt established his railroads and shipping empires, which gradually expanded into the other industry areas. Cornelius’ descendants are currently credited for building “summer cottages” in Rhode Island, mansions in the Fifth Avenue, Baltimore House, Newport and other prominent houses famous all over the world. According to watchingtheworld.com, in 1877, Vanderbilt family net worth amounted to $105 billion.
In order to realize what kind of fortune Cornelius has actually held, one has to comprehend that back in the day the prices were much lower and the whole American economy was worth some $9 billion dollars. That means the Vanderbilt’s fortune constituted %1,5 of it. Adjusted for the late 2000s this sum would equal about $160 billion, making Vanderbilt family net worth the second greatest in the world’s history.