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That Hetty Green hoarded her vast Gilded Age fortune and lived like a pauper there can be no doubt. That she was as bad as people say is open to question. She always wore an old black dress, walked blocks to buy broken cookies in bulk and once spent hours looking for a two-cent stamp.
Hetty Green managed her investments at the Chemical Bank, eating a lunch of oatmeal heated on a radiator. She moved frequently among cheap apartments in Brooklyn, N.
According to the most damning story about Hetty Green, she wouldn't pay for a good doctor when her son injured his leg in a sledding accident. Doctors later amputated his leg. She loved her son and took him to many doctors to mend his leg. Like many of the stories about her, the tale of her refusal to pay for good medical care for her son was an exaggeration.
And the stories about the good things Hetty did were rarely, if ever, reported. Perhaps her greatest sin in the eyes of the world was living her life boldly on her own terms. Cartoon showing Hetty Green with the most powerful financiers in the U.
She was the only child of Edward Mott Robinson, a well-to-do businessman who married Abby Howland, heiress to a whaling fortune. As a young girl Hetty read the financial news to her weak-eyed father, who was astute enough to get out of whaling before the industry collapsed.
Edward Robinson, a Quakeralso taught her the value of plain living. Hetty also stood to inherit millions from her maiden Aunt Sylvia.
Hetty became fixated on her inheritance, but when Aunt Sylvia died she only left Hetty a pittance. Hetty challenged the will in a very public court battle and lost. They moved to London, where they had a son and a daughter, Ned and Sylvia.
The Witch of Wall Street It was an odd match: And he liked to live large. He dressed well, enjoyed clubs, appreciated fine food and tipped generously. When he squandered his own fortune and cost her some of hers, she packed her bags and their children and walked out.
Ordinary People Hetty, Ned and Sylvia moved to a series of apartments in Brooklyn, where they lived like ordinary people among ordinary people. She set up shop in an office at Chemical Bankwhere she built her fortune following a conservative investment philosophy. She invested in real estate and bonds, railroads and mines.
She bought cheap, sold dear and kept her head during financial panics. Hetty Green fascinated the press with her plain dress, her unpretentious homes in Brooklyn and her willingness to travel alone for thousands of miles when few women dared to go anywhere unescorted.
She publicly supported the Brooklyn trolley workers who went on strike in In an interview with a reporter at the Brooklyn Daily Eagleshe said: The poor have no chance in this country.
No wonder Anarchists and Socialists are so numerous. Who begins to break the law? The great railroad magnates … Let the poor man break the law and see how soon he gets into jail. No Display She told another reporter she lived simply because of her Quaker beliefs.
We need make no display to insure recognition of our position.When Hetty died in , she was valued somewhere between $ to $ million (roughly $2 to $5 billion today).
Her nicknames “The Queen of Wall Street” or “The Witch of Wall Street” represent the dichotomous views of her at the time. Known as the Queen of Wall Street, the Witch of Wall Street, Hetty the Hoarder, America’s first female tycoon, and Wall Street’s first female financier, the life of this idiosyncratic lady has a storytelling charm to it that instructs as it amuses.
So how did Hetty Green make money?
|Hetty Green: The Witch of Wall Street||Her family members were Quakers who owned a large whaling fleet and also profited from the China trade.|
|Hetty Green||March 22, Wikimedia Commons There was an old woman often seen plodding up and down Wall Street at the turn of the 20th century.|
|Another Look at Hetty Green, The Witch of Wall Street - New England Historical Society||Hetty Green Fred W.|
|Hetty Green: The Witch Of Wall Street||Share When we think of the movers and shakers of Wall Streetthe captains of industry and the titans of finance, we generally visualize formidable men in suits. We will look at the life of Hetty Green, the richest woman of her era and a pioneering value investor who more often goes by the title the "Witch of Wall Street.|
|Her family members were Quakers who owned a large whaling fleet and also profited from the China trade.|
Hetty learned the rudiments of finance at a tender age. Hetty, however, refused to fit the mold of a complete villain, and nursed her husband during his dying months. She then wore widow’s reeds for years after his death, making her Wall Street appearance all the scarier. The peculiar life of Hetty Green AKA witch of Wall Street Walking the streets in black clothes and making obscene amounts of money, Hetty Green was one of the Gilded Age’s many characters.
They say that power corrupts–in the case of Henrietta “Hetty” Green, a female financier who won on Wall Street, the story is a bit more complex. As a teenager, her father gifted her $1, to shop for clothes. She spent $ and saved the rest. She instructed the laundress to wash only the hem of her dresses to save money on soap.
It was her black attire (gown, hat, veil and cape - all in black) that earned her the sobriquet Witch of Wall Street.
The Witch of Wall Street It was an odd match: Green was a wealthy silk and tea merchant who’d lived in the Philippines for 20 years. And he liked to live large.