Marshall Field Net Worth is$66 Billion
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Profession: Businessperson
Nationality: United States of America
Date of Birth: 1834-08-18
Place of Birth: Conway
Date of Death: 1906-01-16
Place of Death: New York City
Marshall Field net worth: Marshall Field was an American entrepreneur who had a net worth equal to $66 billion modern dollars. Marshall Field was the founder of Marshall Field and Company, the chain of Chicago-based department stores. He was born on August 18, 1834 on a farm in Conway, Massachusetts. His family was descended from Puritans who had come to America as early as 1650. At the age of 17, he moved to Pittsfield, Massachusetts where he worked in a dry good store and a year later moved to Chicago to live with his brother where he got a job at another dry goods merchant called Cooley, Wadsworth and Company. In 1862, Field purchased a partnership wit the firm and it became Farwell, Field & Company. In January of 1865, Field and a partner, Levi Leiter, accepted an offer to become senior partners at the dry goods establishment of Potter Palmer. The new firm, that was eventually known as Field, Leiter & Co. was badly affected by the Great Chicago Fire of 1871, but reopened relatively quickly. The company also survived the Panic of 1873 because of relatively low levels of debt, and by 1881, Field had forced Leiter to sell his share of he business changing the name to Marshall Field and Company. Field's innovations were centered around the notion of caveat emptor, or the "buyer beware" mentality. Unconditional refunds, consistent pricing and international imports were among the Field innovations, and employees were instructed not to push products on uninterested customers, which was common practice at the time. The phrases, "give the lady what she wants" and "the customer is always right" are attributed to Field, though the latter may also be an invention of Harry Gordon Selfridge while he was employed by Marshall Field. As a businessman, Marshall Field was highly suspicious of organized labor and prohibited unionization amongst his employees. He avoided political and social intrigue, instead focusing on his work and on supporting his family and favorite philanthropies. The Field Museum of Natural History was named after him in 1894 upon an endowment of one million dollars to the organization. The University of Chicago was also founded by both Field and New York's, John D Rockefeller to rival Evanston's Northwestern University. He married Nannie Douglas Scott in 1863 and they raised two children.
Marshall Field (August 18, 1834 ??? January 16, 1906) was a US entrepreneur and the founder of Marshall Field and Company, the Chicago-based department stores.


Marshall Field was born on a farm in Conway, Franklin County, Massachusetts, the son of John Field IV and wife Fidelia Nash. His family was descended from Puritans who had come to America as early as 1650.
At the age of 17, he moved to Pittsfield, Berkshire County, Massachusetts, where he first worked in a dry goods store. He left Massachusetts at the age of 18 for new opportunities in the rapidly expanding West. In 1856, at age 21, he went to live with his brother in Chicago, Illinois, and obtained employment at leading dry goods merchant Cooley, Wadsworth and Co., which was to become Cooley, Farwell & Co. in 1857. In 1862, Field purchased a partnership with the reorganized firm of Farwell, Field & Co.
In January 1865, Field and a partner, Levi Leiter, accepted an offer to become senior partners at the dry goods establishment of Potter Palmer. The new firm became known as "Field, Palmer, Leiter & Co." In 1867, after Field and Leiter could afford to buy him out, Palmer withdrew from the firm, and it was renamed "Field, Leiter & Company." Like many Chicago businessmen, Field's company was badly affected by the Great Chicago Fire of 1871, but reopened relatively quickly. The company also survived the Panic of 1873 because of their relatively low levels of debt. By 1881 Field had forced Leiter to sell his share of the business, and changed the store's name to "Marshall Field and Company".
Field took an early 19th-century consumer landscape that was centered around the principle of caveat emptor, or "buyer beware", and transformed it into a plush shopping experience fit for the Gilded Age. Unconditional refunds, consistent pricing and international imports are among the Field innovations that became standards in quality retailing. Field's employees were also instructed not to push products on

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Marshall Field Latest News

Colorado State offense to offer Marshall a sky-high test

None of that means Marshall’s defense doesn’t have the Rams’ full attention ... That stat carries the flaw of counting field goals against the defense when in most situations, giving up three points instead of seven is regarded as a small victory.
Posted: December 14, 2017, 7:47 pm

Marshall commit named WV's top LB

The 6-foot-2, 230-pound Marshall commit was as much of a monster in the weight room as on the field, according to Dingess. "He's got that wrestling mentality and a work ethic about him that wrestlers possess and he took that to football each day ...
Posted: December 14, 2017, 10:30 pm

Ex-Aztec Marshall Faulk Accused of Sexual Harassment, Suspended by NFL Network

NFL Networks Marshall Faulk on the field before the NFL game between the San Francisco 49ers and Indianapolis Colts on October 8, 2017, at Lucas Oil Stadium in Indianapolis, IN. (Photo by Zach Bolinger/Icon Sportswire) Los Angeles-based NFL Network says it ...
Posted: December 12, 2017, 9:30 pm
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