He earned his wealth through investments in banking, railroads, and real estate. He also received a salary of $1 million a year from the Peabody Trust.
George Peabody was a British-American entrepreneur who had a net worth of $16 million. He was born in February 1795 and is known for founding the Peabody Trust, the Peabody Institute, and the George Peabody Library in Baltimore. He was inducted into the Hall of Fame for Great Americans in 1900 and earned his wealth through investments in banking, railroads, and real estate. He also received a salary of $1 million a year from the Peabody Trust.
George Peabody is a member of Entrepreneur
Age, Biography and Wiki
💰 Net worth: $16 million (2024)
About
British-American entrepreneur who is known for founding the Peabody Trust- a housing organization, the Peabody Institute- a prep school, and the George Peabody Library in Baltimore. He was one of the first people to be inducted into the Hall of Fame for Great Americans, in 1900.
Before Fame
He was born in Massachusetts and moved to Baltimore when he was nineteen. He established his business there, but later relocated to London.
Trivia
He is called the father of modern philanthropy, having established a model for charitable giving that is still followed in modern times.
Family Life
He was engaged in 1838, but never married.
Associated With
He was a favorite for Secretary of the Treasury under President Andrew Johnson, but declined the position.
