J.P. Morgan | Banker Morgan family photo

J.P. Morgan | Banker

Taken in USA in .

John Pierpont Morgan was the most successful banker and financier of the late 19th and early 20th century. At the time, many thought that he controlled U.S. finances, he was so powerful and wealthy. ... show more

John Pierpont Morgan was the most successful banker and financier of the late 19th and early 20th century. At the time, many thought that he controlled U.S. finances, he was so powerful and wealthy.

At his death in 1913 (age 75), he left his business concerns to his son, J.P. Morgan, Jr. The business was so large that it was split into three main corporations: J.P. Morgan & Co. (which later became Morgan Guaranty Trust); Morgan Stanley, an investment house; and Morgan Grenfell in London, an overseas securities house.

He was also an avid collector of art. At his death, his art collection was valued at $50 million.

Photo courtesy of the Library of Congress

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