Roosevelt family history money

Theodore Roosevelt is the fourth wealthiest President in history, behind Trump, Washington, and Jefferson. Franklin D. Roosevelt placed just behind Clinton in 10th place. Each hails from a different branch of the family, with the Oyster Bay Roosevelts siding with Republicans as the Hyde Park Roosevelts associated with Democrats. It included everything between Lexington and Fifth Avenues between 29th and 35th street, including the Empire State Building.

The family owned a farm in prime real estate during the time, and made money buying and selling dry goods, sugar imports, and real estate. His son Nicholas Roosevelt was the first in the family to hold elected office, as an alderman of the American colonies.

How did the roosevelts make their money

Although divided between the two regions of New York and in political ideation , each Roosevelt faction continued to add to the family fortune. He was a successful farmer and businessman said to be one of the first to import art and luxury furniture from the Netherlands to the Americas. This was a valuable European commodity easily farmed by slaves in the Caribbean.

His son Jacobus continued the sugar refinery business and became a banker, adding much more wealth to his inheritance from his father.