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The Roaring Twenties' richest people and how they made their money

JP Morgan Jr. – inflation-adjusted net worth: $1.46 billion (£1.15bn)
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JP Morgan Jr. – inflation-adjusted net worth: $1.46 billion (£1.15bn)

Born into the wealthy Morgan clan, John Pierpont Morgan Jr. took over banking giant JP Morgan & Co. in 1913 when his father died. During World War I he served as a munitions purchasing agent for the British government, a controversial role that involved exporting weapons to Britain and France.

In 1915, an assassin called Eric Muenter broke into his Long Island mansion and tried to kill him. Morgan was shot twice but recovered quickly.

Frances Carruthers

02 December 2024

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