John Jacob Astor started his own fur trade store in 1786 and frequently traveled to the wilds to procure pelts for the store. Several years after, he made his first real estate investment. All his pelt companies were unified to the American Fur Company in 1808. Following the war of 1812, he became even wealthier than before from a bond take care of the U.S. government. He died in 1848.
Fur trader and property investor John Jacob Astor Produced on July 17, 1763, in Waldorf, Germany. The son of a German butcher, Astor grew up to become among the leading businessmen of his day as well as the creator of an American dynasty.
With his sights set on the fur company, he could start his own store in 1786 and frequently traveled to the wilds to procure pelts for the store. Several years after, Astor made his first real estate investment, the start of what would develop into a substantial property portfolio.