J P Morgan Net Worth is$41.5 Billion
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Profession: Banker | Financier | Businessperson
Date of Birth: 1837-04-17
Nicknames: John Pierpont Morgan
Country: Hartford
J.P. Morgan net worth: J.P. Morgan was born on April 17, 1837, and passed away in 1913. J.P. Morgan was a very successful businessman and the founder of the "J.P. Morgan and Company" who had an inflation-adjusted net worth of $41.5 billion. He was born in Boston, Massachusetts, to Juliet Pierpont and Junius Spencer Morgan. He received his education from the English High School of Boston, a renowned commerce school. With his education in business, Morgan started working for a banking company in 1857. He held a position in Peabody, Morgan and Co., a company his father helped founding three year before. After only one year, Morgan moved to New York City and began working for another banking company, Duncan, Sherman & Company, an extension of his father's company. His father passed away in 1890, and Morgan took control of the then J.S. Morgan & Co. His career would blossom in 1895, where he rose to a prominent position within the firm and changed the name to "J.P. Morgan and Company." Morgan was known for his finance prowess, and his larger-than-life statue. He attracted much attention from the media and the world of finance in during his career as a prominent financier. Morgan held much of the America economy as his company grew. He bought and acquired many companies to strengthen his position in the community. Eventually, he ventured into the business of steel, which ultimately led him to own much of the railroad industry in the country. His steel company, U.S. Steel became the largest and most successful steel producer internationally having reach the billion-dollar for the first time in the world history. Because of his wealth and power, he was reproached with the malicious intent of monopoly by the Government of the United States of America in 1911. However, many considered him the sole catalyst that saved America from its recession and economy downturn in the early 1900?s. Morgan's death came in 1913, as he was travelling in Europe.
John Pierpont "J. P." Morgan (April 17, 1837 ??? March 31, 1913) was an American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric. After financing the creation of the Federal Steel Company, he merged in 1901 with the Carnegie Steel Company and several other steel and iron businesses, including Consolidated Steel and Wire Company owned by William Edenborn, to form the United States Steel Corporation.
Morgan died in Rome, Italy, in his sleep in 1913 at the age of 75, leaving his fortune and business to his son, John Pierpont "Jack" Morgan, Jr., and bequeathing his mansion and large book collections to The Morgan Library & Museum in New York.
At the height of Morgan's career during the early 1900s, he and his partners had financial investments in many large corporations and were accused by critics of controlling the nation's high finance. He directed the banking coalition that stopped the Panic of 1907. He was the leading financier of the Progressive Era, and his dedication to efficiency and modernization helped transform American business.

J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (1813???1890) and Juliet Pierpont (1816???1884) of Boston, Massachusetts. Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. In the fall of 1848, Pierpont transferred to the Hartford Public School and then to the Episcopal Academy in Cheshire, Connecticut, (now called Cheshire Academy), boarding with the principal. In September 1851, Morgan passed the entrance exam for the English High School of Boston, a school specializing in mathematics to prepare young men for careers in commerce.
In the spring of 1852, illness that was to become more common as his life progressed

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J P Morgan Latest News

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Posted: June 22, 2018, 6:23 am

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Posted: June 22, 2018, 7:38 am

Cisco stock gains after J.P. Morgan defends bullish rating, says shares look attractive relative to peers

Shares of Cisco Systems Inc. CSCO, +0.20% are up 0.5% in Friday trading after J.P. Morgan analyst Samik Chatterjee reiterated his overweight rating on the stock following a pullback after the company's May earnings report. "We believe the share price ...
Posted: June 22, 2018, 6:38 am
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