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When Anderson Cooper was 6 years old, his father took him to see the statue of Cornelius “The Commodore” Vanderbilt near New York’s Grand Central Terminal. The transportation magnate was America’s richest man when he died in 1877, the 19th century equivalent of Jeff Bezos or Bill Gates. He was also Cooper’s great-great-great grandfather. For…
The 54-year-old presenter - who is worth an estimated $200 million - insisted he won't be handing a ""pot of gold"" over to 17-month-old Wyatt expects him to fend for himself once he leaves college
John Morrissey By Liz O'Connell, Contributor As Saratoga Springs celebrates 150 years of thoroughbred racing, Liz O’Connell tells the tale of John Morrissey, an Irish immigrant who organized, operated and had the vision to develop what is now one of the world’s greatest racecourses. A scant month after the Confederate Army was pushed back at Gettysburg, the “swells” holidaying in Saratoga Springs, New York, flocked to the first thoroughbred race meet contested on the Union Avenue trotting track. It was August 1863 and the meet lasted four days. One hundred fifty years later, hundre...
So far this year, it’s been AMC Entertainment Holdings Inc (NYSE: AMC), GameStop Corp. (NYSE: GME), and American Airlines Group Inc (NASDAQ: AAL). Anyone watching the markets and reading the news in January 2021 likely already knows what we’re talking about. All these stocks and several more felt the impact of what’s now very well-known terminology: the short squeeze and its options-related cousin, the so-called gamma squeeze. A year ago, few people except market veterans would have known a short squeeze from a long jump. Now even your average college student has become fam...
How The Vanderbilt Family Lost Their Entire Fortune By Therese Nguyen/Dec. 28, 2020 11:01 am EDT/Updated: Jan. 29, 2021 9:54 am EDT In the late 19th century, social and technological changes allowed thousands of families to get ridiculously rich and prosper in a period called the Gilded Age, as described by Time. It was an era where flaunting your wealth publicly was all the rage, even in the face of income inequality as millions of other Americans struggled day to day. The Gilded Age was when many of the infamously wealthy families got their start, from the Rockefellers to the Carnegies t...