Family Office & Billionaire Report - Empowering Family Dynasties
372.3K views | +221 today
Follow
 
Scooped by Enzo Calamo
onto Family Office & Billionaire Report - Empowering Family Dynasties
July 17, 2023 12:51 AM
Scoop.it!

How The 5 Richest "Old Money" Families in America Made Their Wealth



Although the 21st century United States is, as we intimately know, brimming with newly found wealth from billionaires across the commercial spectrum...

There’s a certain allure to learning about the sagas of the “old money” set of America’s wealthy.

----------------

TIMESTAMPS
0:00 Introduction
1:22 1. The Dupont Family
3:47 2. The Hearst Family
7:18 3. The Rockefeller Family
9:16 4. The Mars Family
11:14 5. The Cargill-Macmillan Family

----------------

First on our list is the illustrious DuPont family, with a story as explosive as the industry that begot their wealth.

If you've ever pondered over a non-stick pan or admired a glamorous Nylon stocking, then you have been touched by the innovation of the DuPonts.

Their saga begins with Éleuthère Irénée du Pont, a man with a vision far beyond the horizon of his era. Fleeing the throes of the French Revolution, he sailed across the Atlantic and turned his gaze to gunpowder manufacturing...

And did it pay off? It certainly did!

Let's now delve into the saga of the Hearsts, a family that has indelibly marked the landscape of American media.

At the helm of this family's meteoric rise was the visionary William Randolph Hearst.

With a blend of audacity and entrepreneurial genius, he transformed a humble newspaper from San Francisco into an impressive media juggernaut.

Hearst was not one to rest on his laurels, however.

His penchant for yellow journalism, his propensity for the sensational, and his uncanny ability to tap into the zeitgeist of the public sentiment, formed the foundation of his success.

Let’s shift our gaze now to another legendary name in American wealth, the Rockefellers.

It all began with John D. Rockefeller, a name that even today, my friends, is associated with an astonishing level of affluence.

John D. was not merely rich; he was - by many metrics - the richest of ALL TIME.

And how did he amass such an enviable fortune? Why, as you probably know - oil... a.k.a. “black gold”.

John D. Rockefeller was a man of ambition and tenacity.

At a time when others were just recognizing the potential of oil, he was already establishing Standard Oil, a behemoth that would redefine the American industrial landscape.

And now let’s travel from the gritty world of oil to the sweet delight of confectionery.

I present to you: the Mars family, a name that's likely brought more than a few smiles to your face over the years.

You may not think of candy bars as a route to wealth, but the Mars family would beg to differ.

Frank C. Mars, the patriarch, was a man with a sweet tooth and an even sweeter dream.

He began his journey in the early 20th century, selling hand- dipped chocolates out of his Tacoma, Washington kitchen.

From these humble beginnings, Mars Incorporated grew, buoyed by Mars' tireless spirit and vision.

The Mars family didn't merely create a confectionery company; they built a global empire.

Today, Mars, Incorporated is a household name, its delightful array of products gracing supermarket shelves across the globe. We're talking about Snickers, M&M's, Milky Way, and so much more.

If you've got a favourite candy bar, odds are it's a Mars creation. But it isn't all about chocolates and sweets.

Over the years, the Mars family expanded their business portfolio into other areas such as pet care, food products, and even symbioscience. They've proven that the key to enduring wealth lies in diversification and adaptation, much like our other 'old money' families.

Let's turn our attention to our final old money titan - the Cargill-Macmillan family. Unlike our previous moguls of confectionery, oil, and media, their tale is one deeply rooted in the grains of the earth.

William W. Cargill was the man behind it all. In the post-Civil War era, he saw an opportunity in the grain storage business.

It may not sound glamorous, but therein lies the beauty.

Cargill took a seemingly mundane industry and, with a combination of foresight and hard work, forged an empire.

Today, Cargill Inc. is one of the largest privately held corporations in the United States.

No comment yet.
Family Office & Billionaire Report - Empowering Family Dynasties
Lugen Family Office Is the most trusted resource for Family Offices and the UHNW
Curated by Enzo Calamo
Your new post is loading...
Scooped by Enzo Calamo
Today, 9:27 PM
Scoop.it!

Ray Dalio: America Is Entering a Civil War Phase

No comment yet.
Scooped by Enzo Calamo
Today, 9:15 PM
Scoop.it!

The 300-Year-Old Investment Portfolio: How Aristocracy Outlives the State

No comment yet.
Scooped by Enzo Calamo
Today, 9:13 PM
Scoop.it!

The Four Levers of Elite Dynastic Power & Wealth

No comment yet.
Scooped by Enzo Calamo
Today, 9:13 PM
Scoop.it!

Why The European Ultra-Wealthy Pretend to be Boring

No comment yet.
Scooped by Enzo Calamo
Today, 9:12 PM
Scoop.it!

The 230-Year-Old Manifesto That Taught the Elite Why Tradition Matters

No comment yet.
Scooped by Enzo Calamo
Today, 9:09 PM
Scoop.it!

The Tedium of Dynastic Wealth

No comment yet.
Scooped by Enzo Calamo
Today, 9:07 PM
Scoop.it!

Virgin’s Fearless Founder | How Branson Built a Business Network That Changed Global Markets

No comment yet.
Scooped by Enzo Calamo
Today, 8:45 PM
Scoop.it!

How Elite Families Survive Every Market Crash

No comment yet.
Scooped by Enzo Calamo
Today, 8:36 PM
Scoop.it!

Charlie Munger: Why Elon Musk Is An Idiot

Warren Buffett and Charlie Munger discuss investing strategies and principles.
No comment yet.
Scooped by Enzo Calamo
Today, 8:35 PM
Scoop.it!

Charlie Munger: How To Rapidly Double Your Portfolio

Warren Buffett and Charlie Munger discuss investing strategies and principles.
No comment yet.
Scooped by Enzo Calamo
Today, 8:33 PM
Scoop.it!

How America’s Most Popular Iced Tea Company Brewed Up A $1.7 Billion Family Fortune

No comment yet.
Scooped by Enzo Calamo
Today, 12:36 PM
Scoop.it!

Hong Kong is now home to 3,384 single-family offices after adding 681 in two years, market study shows | Deloitte China

Hong Kong is now home to 3,384 single-family offices after adding 681 in two years, market study shows | Deloitte China | Family Office & Billionaire Report - Empowering Family Dynasties | Scoop.it
Hong Kong's asset and wealth management industry continues to demonstrate exceptional strength, with family offices emerging as a crucial component of this success story.
No comment yet.
Scooped by Enzo Calamo
Today, 11:38 AM
Scoop.it!

Billionaires: In Defense of the Rich

Billionaires: In Defense of the Rich | Family Office & Billionaire Report - Empowering Family Dynasties | Scoop.it
Are billionaires hurting society - or helping it? Economist Dr. Mark Skousen explains why wealth creation, innovation, and incentives matter more than resentment.
No comment yet.
Scooped by Enzo Calamo
Today, 3:02 AM
Scoop.it!

The world’s rich are relocating at a pace unseen in history — where are they going?

The world’s rich are relocating at a pace unseen in history — where are they going? | Family Office & Billionaire Report - Empowering Family Dynasties | Scoop.it
The movement of the world's richest families across borders is accelerating into what some are calling the most significant private wealth migration.
No comment yet.
Scooped by Enzo Calamo
Today, 2:52 AM
Scoop.it!

How to Fix the Economy in 4 Easy Steps (Explained by Billionaire Investor)

No comment yet.
Scooped by Enzo Calamo
Today, 2:51 AM
Scoop.it!

Why This Feels Like the Start of Something Much Worse

No comment yet.
Scooped by Enzo Calamo
Today, 2:49 AM
Scoop.it!

Here’s Why It Feels Like You Can’t Afford Anything (It’s Not an Accident)

No comment yet.
Scooped by Enzo Calamo
Today, 2:36 AM
Scoop.it!

The Dark Story of How America Destroyed The Gilded Age | Documentary

No comment yet.
Scooped by Enzo Calamo
Today, 12:32 AM
Scoop.it!

The ENTIRE History of the MUGHAL EMPIRE - The LAST Men to Conquer ALL of India.

No comment yet.
Scooped by Enzo Calamo
Today, 12:31 AM
Scoop.it!

The ENTIRE History of the OTTOMAN EMPIRE - The SICK MAN of Europe that REFUSED to Die for 200 Years

No comment yet.
Scooped by Enzo Calamo
Today, 12:31 AM
Scoop.it!

The ENTIRE History of the Tang Dynasty - The Golden Age of Poetry and China's Only Empress

No comment yet.
Scooped by Enzo Calamo
Today, 12:30 AM
Scoop.it!

The ENTIRE History of the Zhou Dynasty - The 800-Year Dynasty That Forged the Mandate of Heaven

No comment yet.
Scooped by Enzo Calamo
Today, 12:30 AM
Scoop.it!

The ENTIRE History of the Sui Dynasty - The Grand Canal That Built and Broke an Empire

No comment yet.
Scooped by Enzo Calamo
Today, 12:29 AM
Scoop.it!

The ENTIRE History of the Khmer Empire - The God-Kings Who Built Angkor Wat

No comment yet.
Scooped by Enzo Calamo
Today, 12:29 AM
Scoop.it!

The ENTIRE History of the Yuan Dynasty - The Great Khan's Chinese Legacy

No comment yet.
Curated by Enzo Calamo
Enzo is the CEO of Lugen Family Office, CEO of Medici Family Office, a best selling author, and a social entrepreneur. Enzo is the most trusted Consigliere to several UHNW families and a sought after speaker.