Lord Acton Net Worth

Acton's grandfather, who in 1791 succeeded to the baronetcy and family estates in Shropshire, previously held by the English branch of the Acton family, represented a younger branch which had transferred itself first to France and then to Italy. However, by the extinction of the elder branch, the admiral became head of the family. His eldest son, Richard, married Marie Louise Pelline, the only daughter and heiress of Emmerich Joseph, 1st Duc de Dalberg, a naturalised French noble of ancient German lineage who had entered the French Service under Napoleon and represented Louis XVIII at the Congress of Vienna in 1814. After Sir Richard Acton's death in 1837, she became the wife of the 2nd Earl Granville (1840). Marie Louise Pelline de Dalberg was heiress of Herrnsheim in Germany. She became the mother of John Dalberg-Acton who was born in Naples.

From an old Roman Catholic family, young Acton was educated at Oscott College under future-Cardinal Nicholas Wiseman until 1848 and then at Edinburgh where he studied privately. His attempt to be admitted to the University of Cambridge failed because he was a Catholic. So Acton went to Munich where he studied at the University and resided in the house of Johann Joseph Ignaz von Döllinger, theologian and forerunner of the Old Catholic Church, with whom he became lifelong friends. Döllinger had inspired in him a deep love of historical research and a profound conception of its functions as a critical instrument, particularly in the history of liberty. He was a master of the principal foreign languages and began at an early age to collect a magnificent historical library, with the object—which, however, he never realised—of writing a great "History of Liberty." In politics, he was always an ardent Liberal.

Through extensive travels, Acton spent much time in the chief intellectual centres reading the actual correspondence of historical personalities. Among his friends were Montalembert, Tocqueville, Fustel de Coulanges, Bluntschli, von Sybel and Ranke. In 1855, he was appointed Deputy Lieutenant of Shropshire. A year later, he was attached to Lord Granville's mission to Moscow as British representative at the coronation of Alexander II of Russia.

Meanwhile, Acton became the Editor of the Roman Catholic monthly paper, The Rambler, in 1859, upon John Henry (later Cardinal) Newman's retirement from the editorship. In 1862, he merged this periodical into the Home and Foreign Review. His contributions at once gave evidence of his remarkable wealth of historical knowledge. Though a sincere Roman Catholic, his whole spirit as a Historian was hostile to ultramontane pretensions, and his independence of thought and liberalism of view speedily brought him into conflict with the Roman Catholic hierarchy. As early as August 1862, Cardinal Wiseman publicly censured the Review; and when in 1864, after Döllinger's appeal at the Munich Congress for a less hostile attitude towards historical criticism, the pope issued a declaration that the opinions of Catholic Writers were subject to the authority of the Roman congregations, Acton felt that there was only one way of reconciling his literary conscience with his ecclesiastical loyalty, and he stopped the publication of his monthly periodical. He continued, however, to contribute articles to the North British Review, which, previously a Scottish Free Church organ, had been acquired by friends in sympathy with him, and which for some years (until 1872, when it ceased publication) promoted the interests of a high-class Liberalism in both temporal and ecclesiastical matters. Acton also did a good deal of lecturing on historical subjects.

In the March 1862 Rambler, Acton wrote: "The Celts are not among the progressive, initiative races, but among those which supply the materials rather than the impulse of history, and are either stationary or retrogressive. The Persians, the Greeks, the Romans, and the Teutons are the only makers of history, the only authors of advancement. Other races possessing a highly developed language, a speculative religion, enjoying luxury and art, attain to a certain pitch of cultivation which they are unable to either communicate or to increase. They are a negative element in the world." And: "Subjection to a people of a higher capacity for government is of itself no misfortune; and it is to most countries the condition of their political advancement."

In 1865 Acton married Countess Marie Anna Ludomilla Euphrosina von Arco auf Valley, daughter of the Bavarian Count Maximilian von Arco auf Valley, by whom he had six children:

In 1869 Queen Victoria raised Acton to the peerage as Baron Acton, of Aldenham in the County of Shropshire. His elevation came primarily through the intercession of Gladstone. The two were intimate friends and frequent correspondents. Matthew Arnold said that "Gladstone influences all round him but Acton; it is Acton who influences Gladstone." Acton was appointed to the Royal Victorian Order as a Knight Commander (KCVO) in the 1897 Birthday Honours.

In 1870, along with his mentor Döllinger, Acton opposed the moves to promulgate the doctrine of papal infallibility in the First Vatican Council, travelling to Rome to lobby against it, ultimately unsuccessfully. Unlike Döllinger Acton did not become an Old Catholic, and continued attending Mass regularly; he received the last rites on his deathbed. The Catholic Church did not try to force his hand. It was in this context that, in a letter he wrote to scholar and ecclesiastic Mandell Creighton, dated April 1887, Acton made his most famous pronouncement:

In 1874, when Gladstone published his pamphlet on The Vatican Decrees in their Bearing on Civil Allegiance, Lord Acton wrote during November and December a series of remarkable letters to The Times, illustrating Gladstone's main theme by numerous historical examples of papal inconsistency, in a way which must have been bitter enough to the ultramontane party, but ultimately disagreeing with Gladstone's conclusion and insisting that the Church itself was better than its premises implied. Acton's letters led to another storm in the English Roman Catholic world, but once more it was considered prudent by the Holy See to leave him alone. In spite of his reservations, he regarded "communion with Rome as dearer than life".

Thenceforth he steered clear of theological polemics. He devoted himself to reading, study and congenial society. With all his capacity for study, he was a man of the world and a man of affairs, not a bookworm. His only notable publications were a masterly essay in the Quarterly Review of January 1878 on "Democracy in Europe;" two lectures delivered at Bridgnorth in 1877 on "The History of Freedom in Antiquity" and "The History of Freedom in Christianity"—these last the only tangible portions put together by him of his long-projected "History of Liberty;" and an essay on modern German historians in the first number of the English Historical Review, which he helped to found (1886). After 1879 he divided his time between London, Cannes, and Tegernsee in Bavaria, enjoying and reciprocating the society of his friends. In 1872 he had been given the honorary degree of Doctor of Philosophy by the University of Munich; in 1888 Cambridge gave him the honorary degree of Doctor of Laws, and in 1889 Oxford the Doctor of Civil Law; and in 1890 he received the high academic accolade of being made a fellow of All Souls College, Oxford.

Acton's reputation for learning gradually spread abroad, largely through Gladstone's influence. Gladstone found him a valuable political adviser, and in 1892, when the Liberal government came in, Lord Acton was made a lord-in-waiting. Finally, in 1895, on the death of Sir John Seeley, Lord Rosebery appointed him to the Regius Professorship of Modern History at Cambridge. He delivered two courses of lectures on the French Revolution and on Modern History, but it was in private that the effects of his teaching were felt most. The Cambridge Modern History, though he did not live to see it, was planned under his editorship.

His nephew was Anton Graf von Arco auf Valley (1897–1945), a German count and political Activist, and Assassin of socialist Bavarian minister-president Kurt Eisner in 1919.

Lord Acton became ill in 1901 and died on 19 June 1902 in Tegernsee. He was succeeded in the title by his son, Richard Lyon-Dalberg-Acton, 2nd Baron Acton. His 60,000-volume library, formed for use and not for display and composed largely of books full of his own annotations, was bought prior to his death by Andrew Carnegie in secret in order to secure the library for Acton's use during his lifetime, then upon Lord Acton's death, presented to John Morley, who forthwith gave it to the University of Cambridge. According to Hugh Chisholm, Editor of the 1911 Encyclopædia Britannica: