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John Jacob Astor is Born

Today in Masonic History John Jacob Astor is born in 1763.

John Jacob Astor was a German-born American businessman.

Astor was born in Waldorf, Germany near Heidelberg. He was born Johann Jakob Astor. He was the youngest of 4 brothers. Astor began his business career in Germany as a dairy salesman for his fathers business.

In 1779, Astor, who was 16, moved to London where his brother had a musical instrument shop. He would work for his brother in London. He would also learn to speak English and anglicized his name.

In 1784, Astor immigrated to the United States just after the Revolutionary War. Initially he would help one of his other brothers establish a butcher shop. He would eventually start trading furs with Native Americans in the late 1780's. In New York City he would establish a fur shop and would sell instruments for his brother back in London.

Astor was a horse racing enthusiast. He would purchase a thoroughbred named Messenger. The horse would become the sire of the Standardbred breed of horses which is commonly used in trot or pace harness racing.

In 1794, Astor started trading with Canada for furs. He would import them to the United States and then sell them in Europe. By 1807, the United States Embargo Act prevented Astor from further trading with Canada. With the blessing of Thomas Jefferson, Astor created the American Fur Company. Some of the owners of the company were Canadians, this allowed Astor to get around the Embargo. During this time, Astor opened trade with China.

In 1799, Astor began acquiring land on the waterfront in New York City. Astor was convinced, correctly, that New York City was going to become one of the largest cities in the World. He began buying other land as well and in the 1830's saw the boom that was coming in New York City and bought land, even outside the then city limits of New York. He never settled or used any of the land himself, instead renting it out to others for their use.

After the War of 1812, the United States passed a ban on foreign fur traders, this allowed the American Fur Company to dominate the market in the United States.

When Astor finally decided to retire he was arguably the richest man in the United States. In adjusted 2006 U.S. dollars it is believed that Astor was worth $110.1 Billion. This would make Astor the 5th richest man ever in the United States. In 2011 adjusted dollars it is estimated that he was worth a more conservative figure of $1.272 Billion. He would use that wealth to support cultural endeavors. He would be a supporter of ornithologist John James Audubon.

When Astor passed away on March 29th, 1848, his will provided $400,000 for the establishment of the Astor Library, which after merging with other smaller libraries become the New York Public Library. He also provided money to create an orphanage in his home town of Waldorf. The orphanage is now a museum honoring Astor.

Astor was a member of Holland Lodge No. 8 in New York City. In 1788, he would serve as Worshipful Master of the lodge. He would later become the Grand Treasurer for the Grand Lodge of New York.