Donald Trump vs Cornelius Vanderbilt

Donald Trump’s profile picture
Cornelius Vanderbilt’s profile picture
President-elect, United States
Business Tycoon & Philanthropist
$3.08 Billion
Net worth 2018
Real Estate
Industry
Business People
Jamaica Hospital Medical Center, New York City, New York, United States
Residence
Staten Island
United States
Country
United States
14/06/1946
BirthDay
27/05/1794
Died On
January 4, 1877
1.88 m
Height
5
Children
Bachelor of Arts / Science, University of Pennsylvania; Fordham University
Education
NET WORTH STATISTIC
TIMELINE
1971

In 1971, he moved to Studio apartment in Manhattan, New York and became involved with larger building projects. In the following year, he finalized first multi-million dollar real estate transaction with the sale of Swifton village in Cincinnati, Ohio.

1985

In 1985, he bought Mar-a-lago estate in Palm beach, Florida and renovated the Barbizon hotel and 100 Central Park South.

1988

In 1988, he bought the Plaza Hotel in New York City.

1989

In 1989, he bought a fleet of Boeing 727 airplanes to form Trump air shuttle service. Unfortunately a helicopter crash killed three Trump casino executives which lead to big issue.

1989

By 1989, poor business decisions left him unable to meet loan payments but he somehow financed the construction of his third casino, the $1 million Taj Mahal, with high-interest junk bonds. The increasing debt soon brought him to business bankruptcy.

1990

In 1990, he regained his previous stable financial position and fame and opened the Trump Taj Mahal casino in Atlantic City. Soon he gained approval for Riverside south development of West Side rail yards.

1996

In 1996, he got the ownership of Miss Universe Organization which produces the Miss Universe, Miss USA, and Miss Tean USA pageants.

2003

In 2003, he became joint partner with the National Broadcasting Company (NBC) where he became the executive producer and host of the NBC reality show, ‘The Apprentice’ which became a huge success. Following its success, he co-produced a show, ‘The Celebrity Apprentice’ along with British TV producer Mark Burnett.

2004

On October 21, 2004, Trump Hotels and Casino & Resorts declared a restructuring of its debt which led to a reduction in his individual ownership from 56 percent to 27 percent. The company applied for Chapter 11 Protection in November and soon the company re-emerged from bankruptcy as ‘Trump Entertainment Resorts Holdings’.

1877

Cornelius Vanderbilt died on January 4, 1877, at his home in New York, U

1870

In 1870, he consolidated two of his key lines into the New York Central and Hudson River Railroad, one of the first giant corporations in the history of America

1869

In 1869, he tied the knot with Frances Armstrong Crawford, a distant cousin from Alabama who was 45 years younger than him

1868

They had 13 children and the couple remained together until the death of Sophia in 1868

1867

In 1867, Vanderbilt acquired the Central Railroad and merged it with the other railroads he held

1864

After getting hold of the Long Island Railroad, he acquired a controlling interest in the Hudson River railway in 1864 and the following year, became its president

1860

In the 1860s, Vanderbilt seized another business opportunity and shifted his focus from shipping to the railroad industry, which was entering a period of great expansion in the United States

1859

In 1859, he established the Atlantic & Pacific Steamship Company

1840

Eventually, his business controlled most of the Hudson River traffic and by the mid-1840s, Vanderbilt was operating with a fleet of over 100 steamboats

1820

In the 1820s, Vanderbilt started his own company, building steamships and operating ferry lines around the New York region

1817

Upon spotting the emergence of steam vessels in the sea transportation business, in 1817, Vanderbilt sold his sailing vessels and started working, as a steamboat captain, in partnership with Thomas Gibbons, operating a ferry service from New Jersey to New York

1814

Between 1814 and 1818, he expanded the business with additional boats for freight and passenger services in Long Island Sound, and in the coastal trade from New England to Charleston in South Carolina

1813

In December 1813, Vanderbilt married Sophia Johnson, his first cousin

1812

Subsequently, his business grew and during the War of 1812, he managed to acquire a government contract to provide supplies to forts along the Hudson River

1794

Cornelius Vanderbilt was born on May 27, 1794, in Port Richmond, Staten Island, New York, to Cornelius van Derbilt, a seaman, and his wife, Phebe Hand