William Backhouse Astor Sr.

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 71.192.247.226 (talk) at 06:47, 7 June 2007. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

William Backhouse Astor, Sr. (September 19, 1792 - November 24, 1875) was a businessman and member of the prominent Astor family.

William Backhouse Astor, Sr. (Sept. 19, 1792 - Nov. 24, 1875) was the second-oldest son of John Jacob Astor and Sarah Todd Astor. Born in New York City, where he attended public schools. When he was sixteen, he was sent to the University of Göttingen in Germany, where he joined the German Student Corps Curonia of the Baltic-German students. In 1815, when he was twenty-three years old, he returned to the United States and entered partnership with his father, who changed the name of his firm to John Jacob Astor & Son. He worked there until his father's death. One source argued that his role in the company was never anything more than as an "an industrious and faithful head clerk," despite his official title of head of the firm's chief subsidiary, the American Fur Company, in its last several years of its ownership by Astor & Son.

He inherited the bulk of his father's estate and also that of his uncle Henry Astor who had died a wealthy man but without children. The combined inheritance made William Astor the richest man in the United States. He was the last member of the Astor family to enjoy this distinction.

During the American Civil War he successfully brought a case against the income tax imposed by the United States government, which was ruled unconstitutional. His management of the family real estate holdings succeeded in multiplying their value, and he left an estate worth close to $50 million.

It was at this time that the Astor fortune underwent its first major division, between William Backhouse Astor, Jr. (1830-1892) and John Jacob Astor III (1822-1890), whose son William Waldorf Astor relocated to Great Britain in 1893. His sons, whose side-by-side mansions were on the site later occupied by the first Waldorf-Astoria Hotel (a family property) and then the Empire State Building, inaugurated an era of both more flamboyant living and more generous philanthropy than their austere father and grandfather.

Children of William Backhouse Astor, Sr. 1792-1875 & his wife, Margaret Alida Armstrong (1800-1872) :

  1. Emily (1819-1841), married Samuel Ward Jr (1814-1884), financier, lobbyist, author.
  2. John Jacob III (1822-1890)
  3. Laura Eugenia (1824-1902) married Sept. 17, 1844 Franklin Hughes Delano
  4. Mary Alida (1826-1881) married John Carey
  5. William Backhouse, Jr. (1830-1892)
  6. Henry (1830-1918)
  7. Sarah (1832-1832)