Alexander Turney Stewart, Date of Birth, Place of Birth, Date of Death
TweetAlexander Turney Stewart
American businessman
Date of Birth: 12-Oct-1803
Place of Birth: Lisburn, Northern Ireland, United Kingdom
Date of Death: 10-Apr-1876
Profession: entrepreneur
Zodiac Sign: Libra 
About Alexander Turney Stewart
- Alexander Turney Stewart (October 12, 1803 – April 10, 1876) was an Irish American entrepreneur who moved to New York and made his multimillion-dollar fortune in the most extensive and lucrative dry goods store in the world. Stewart was born in Lisburn, Ulster, Ireland, and abandoned his original aspirations of becoming a Presbyterian minister to go to New York City in 1823.
- He spent a short time teaching before returning to Ireland to receive the money his grandfather had left him, purchase some Belfast linens and laces, and return to New York to open a store. Stewart had extraordinary skill in business, and by 1848 he had built a large marble-fronted store on Broadway between Chambers Street and Reade Street, which was devoted to the wholesale branch of his business.
- in 1862 he build a new store on entire city block between Broadway and Fourth Avenue, and between 9th and 10th streets.
- It was eight stories tall and excited the wonder and the daily business of upscale New York.
- Train loads of wealthy customers from outlying cities came to shop. Stewart made most of his money through wholesaling and especially New York City real estate.
- Stewart also had branches of his company in different parts of the world and owned several mills and factories.
- Stewart had an annual income of US$1,843,637 in 1863 (equivalent to $30.3 million in 2018).
- His business success is estimated to have made him one of the twenty wealthiest people in history as of 2007, with a fortune equivalent to approximately US$90 billion in 2012.
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