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

 Jazz Age tycoons
Arthur Curtiss James – inflation-adjusted net worth: $1.25 billion (£985m)
Arthur Curtiss James, inflation-adjusted net worth: $1.25 billion (£999m)
Cyrus H. McCormick Jr. – inflation-adjusted net worth: $1.25 billion (£985m)
Cyrus H. McCormick Jr. – inflation-adjusted net worth: $1.25 billion (£985m)
Joseph Widener – inflation-adjusted net worth: $1.25 billion (£985m)
Joseph Widener – inflation-adjusted net worth: $1.25 billion (£985m)
JP Morgan Jr. – inflation-adjusted net worth: $1.46 billion (£1.15bn)
JP Morgan Jr. – inflation-adjusted net worth: $1.46 billion (£1.15bn)
Charles M. Schwab – inflation-adjusted net worth: $1.46 billion (£1.15bn)
Charles M. Schwab – inflation-adjusted net worth: $1.46 billion (£1.15bn)
Daniel Guggenheim – inflation-adjusted net worth: $1.46 billion (£1.15bn)
Daniel Guggenheim – inflation-adjusted net worth: $1.46 billion (£1.15bn)
Thomas Fortune Ryan – inflation-adjusted net worth: $1.46 billion (£1.15bn)
Thomas Fortune Ryan – inflation-adjusted net worth: $1.46 billion (£1.15bn)
Vincent Astor – inflation-adjusted net worth: $1.56 billion (£1.23bn)
Vincent Astor – inflation-adjusted net worth: $1.56 billion (£1.23bn)
Mary Williamson Averell – inflation-adjusted net worth: $1.67 billion (£1.32bn)
Mary Williamson Averell – inflation-adjusted net worth: $1.67 billion (£1.32bn)
Edward H. R. Green – inflation-adjusted net worth: $2.1 billion (£1.65bn)
Edward H. R. Green – inflation-adjusted net worth: $2.1 billion (£1.65bn)
William K. Vanderbilt – inflation-adjusted net worth: $2.1 billion (£1.65bn)
William K. Vanderbilt – inflation-adjusted net worth: $2.1 billion (£1.65bn)
Henry Ford – inflation-adjusted net worth: $2.1 billion (£1.65bn)
Henry Ford – inflation-adjusted net worth: $2.1 billion (£1.65bn)
J Ogden Armour – inflation-adjusted net worth: $2.6 billion (£2.1bn)
J Ogden Armour – inflation-adjusted net worth: $2.6 billion (£2.1bn)
Edward S. Harkness – inflation-adjusted net worth: $2.6 billion (£2.1bn)
Edward S. Harkness – inflation-adjusted net worth: $2.6 billion (£2.1bn)
William A. Rockefeller Jr – inflation-adjusted net worth: $3.13 billion (£2.47bn)
William A. Rockefeller Jr – inflation-adjusted net worth: $3.13 billion (£2.47bn)
George F. Baker – inflation-adjusted net worth: $3.13 billion (£2.47bn)
George F. Baker – inflation-adjusted net worth: $3.13 billion (£2.47bn)
John D. Rockefeller – inflation-adjusted net worth: $25 billion (£19.7bn)
John D. Rockefeller – inflation-adjusted net worth: $25 billion (£19.7bn)
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Charles M. Schwab – inflation-adjusted net worth: $1.46 billion (£1.15bn)

Steel magnate Charles Schwab was responsible for an incredibly important invention you might never have heard of: the H-beam. It’s a steel beam that became essential to the building of skyscrapers.

Born in 1862 in Pennsylvania, Schwab gained an education from the industry’s most well-known and successful figure, Andrew Carnegie, while working as an engineer at his steelworks.

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Frances Carruthers

02 December 2024

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