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Three years later he began financing a series of giant industrial consolidations that were to reshape the corporate structure of the American manufacturing sector. All in one.
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Known For: He founded J.P. Morgan & Co which was renamed by his son to JPMorgan Chase, he made a merger between the three largest Steel companies that controlled 98% of the market, the new company was 100% owned by Morgan, the largest company in the modern era, it was called US Steel, he owned General Electric Company the largest electric company of the time, he owned 80% of it, he then funded AT&T or Bell Atlantic, he got 75% of the company
Born: 1837
Died: 1913
Fun Fact: He bought Carnegie Steel for 337 billion dollars in today's money
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