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John Jacob Astor III
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John Jacob Astor III
John Jacob Astor III (June 10, 1822 – February 22, 1890) was an American financier, philanthropist and a soldier during the American Civil War. He was a prominent member of the Astor family, becoming the wealthiest member in his generation.
Astor was the eldest son of real estate businessman William Backhouse Astor Sr. and Margaret Alida Rebecca Armstrong. One of his younger brothers was businessman William Backhouse Astor Jr.
His paternal grandparents were merchant-trader John Jacob Astor, who made his first fortune in the North American fur trade, and Sarah Cox Todd. Astor's maternal grandparents were Senator John Armstrong Jr. and Alida Livingston of the Livingston family.
John Astor III studied at Columbia College, graduating in 1839, and the University of Göttingen, following which he went to Harvard Law School, graduating in 1842. He practiced law for a year, to qualify for assisting in the management of his family's immense estate, one half of which later descended to him.
In business, Astor dabbled in railroad investment, but was outsmarted by Commodore Cornelius Vanderbilt and forced to yield control of the original New York Central Railroad line (from Albany to Buffalo) to him. His principal business interest was the vast Astor Estate real estate holdings in New York City, which he managed profitably and parsimoniously.
Astor was elected lieutenant colonel of the 12th Regiment of the New York Militia. He resigned from the office in 1853.
During the American Civil War, Astor served as a volunteer aide-de-camp, with the rank of colonel, to Major General George B. McClellan (then commanding general of the U.S. Army) from November 30, 1861, to July 11, 1862. In recognition of his services during the Peninsular Campaign, Astor was brevetted as a brigadier general of Volunteers in March 1865.
In 1880 he became a companion of the New York Commandery of the Military Order of the Loyal Legion of the United States—a military society of officers who had served in the Union armed forces. He was assigned insignia number 1909.
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John Jacob Astor III
John Jacob Astor III (June 10, 1822 – February 22, 1890) was an American financier, philanthropist and a soldier during the American Civil War. He was a prominent member of the Astor family, becoming the wealthiest member in his generation.
Astor was the eldest son of real estate businessman William Backhouse Astor Sr. and Margaret Alida Rebecca Armstrong. One of his younger brothers was businessman William Backhouse Astor Jr.
His paternal grandparents were merchant-trader John Jacob Astor, who made his first fortune in the North American fur trade, and Sarah Cox Todd. Astor's maternal grandparents were Senator John Armstrong Jr. and Alida Livingston of the Livingston family.
John Astor III studied at Columbia College, graduating in 1839, and the University of Göttingen, following which he went to Harvard Law School, graduating in 1842. He practiced law for a year, to qualify for assisting in the management of his family's immense estate, one half of which later descended to him.
In business, Astor dabbled in railroad investment, but was outsmarted by Commodore Cornelius Vanderbilt and forced to yield control of the original New York Central Railroad line (from Albany to Buffalo) to him. His principal business interest was the vast Astor Estate real estate holdings in New York City, which he managed profitably and parsimoniously.
Astor was elected lieutenant colonel of the 12th Regiment of the New York Militia. He resigned from the office in 1853.
During the American Civil War, Astor served as a volunteer aide-de-camp, with the rank of colonel, to Major General George B. McClellan (then commanding general of the U.S. Army) from November 30, 1861, to July 11, 1862. In recognition of his services during the Peninsular Campaign, Astor was brevetted as a brigadier general of Volunteers in March 1865.
In 1880 he became a companion of the New York Commandery of the Military Order of the Loyal Legion of the United States—a military society of officers who had served in the Union armed forces. He was assigned insignia number 1909.
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