Eight Ways J.P. Morgan Defined the Good Life

From yachts and multiple mansions to massive amounts of art, here is how the magnate spent money…


Still gleaming from the Gilded Age well into the early 1900s, a handful of capitalists came to symbolize success in the United States—branded both as benevolent philanthropists by admirers and robber barons by critics. But among the financial titans at the turn of the 20th century, one person sat at the pinnacle of power, prominence, and almost unfathomable wealth—John Pierpont Morgan.

Reigning over American aristocracy until his death in 1913, the intimidating tycoon was a visionary when it came to business. A builder of industry and infrastructure, he even bailed out the Federal Reserve at one point. Morgan’s fiscal acumen fueled his affluence exponentially, and he took luxury to the next level. 

With insights provided in the biography Morgan: American Financier by Jean Strouse and assistance from the Pierpont Morgan Library, here are the ways the man enjoyed the money he amassed.