Fortune's children : the fall of the house of Vanderbilt

Vanderbilt: the very name signifies wealth. The family patriarch, "the Commodore," built up a fortune that made him the world's richest man by 1877. Yet, less than fifty years after the Commodore's death, one of his direct descendants died penniless, and no Vanderbilt was counted among the world's richest people. Fortune's Children tells the dramatic story of all the amazingly colorful spenders who dissipated such a vast inheritance. Publishers Weekly Among the author's earlier books is Changing Laws, an award-winning biography of his grandfather, Arthur T. Vanderbilt. His latest history, witty, entertaining and sad, also merits a prize for the writer, a lawyer and one among many members of the fabled family who inherited the Vanderbilt name but not the wealth. ``The Commodore'' (1794-1877) made $105 million by hook and by crook; Alva, wife of the founding father's son William, went on spending sprees that later heirs followed. Stories about the author's ancestors have been told before, but not so vividly as in his evocations of the snobbery, ostentation and profligacy that caused ``the fall of the House of Vanderbilt.'' Today's Vanderbilts are not rich-rich; the money is gone with the clan's grand homes, felled by wrecking balls in New York and elsewhere, leaving only memories of a singular time in the American past. Photos not seen by PW. BOMC alternate. (Sept.) Vanderbilt: The very name is synonymous with the Gilded Age. The family patriarch, "the Commodore," built a fortune that made him the world's richest man by 1877. Yet less than fifty years after his death, no Vanderbilt was counted among the world's richest people. Written by descendant Arthur T. Vanderbilt II, Fortune's Children traces the dramatic and amazingly colorful history of this great American family, from the rise of industrialist and philanthropist Cornelius Vanderbilt to the fall of his progeny--wild spendthrifts whose profligacy bankrupted a vast inheritance. Vanderbilt: the very name signifies wealth. The family patriarch, "the Commodore," built up a fortune that made him the world's richest man by 1877. Yet, less than fifty years after the Commodore's death, one of his direct descendants died penniless, and no Vanderbilt was counted among the world's richest people. Fortune's Children tells the dramatic story of all the amazingly colorful spenders who dissipated such a vast inheritance. 19th Century,American,Autobiography,Biography,Family & Relationships,Historical,New York,Non-Fiction,Personal Memoirs,Rich & Famous That Wednesday morning, May 10, 1876, reporters from every New York City newspaper gathered in front of the townhouse at 10 Washington Place, waiting for some sign that eighty-two-year-old Cornelius Vanderbilt, the Commodore as he was called, had passed away. An account of a bygone world of privilege, money, power, and self-indulgence set in monumental mansions and country estates An account of a bygone world of privilege, money, power, and self indulgence set in monumental mansions and country estates