Anderson Cooper still grew up in a fancy West Side penthouse, attended an elite prep school, and appeared on TV and in magazines as a child. He had a very wealthy upbringing.
That would be the majority of successful people. Do you think Trump had a hard life? He still went bankrupt multiple times sticking others with debt. Draft dodging F
@@mtadams2009 Please check out CNN's reporter sniffing (yes, actually sniffing) a backpack to confirm that nerve gas was used in Syria. It's still on CNN's youtube account.
@@mtadams2009 Were you ever in the military? And the draft was FORCED military service. It was so unpopular that Congress finally got rid of it. Trump couldn't pass a physical. So when did you serve?
Most of the Vanderbilts to day are not hurting for cash. Gloria died worth $150 million and her son Anderson Cooper makes $11 million a year. The Biltmore in North Carolina is still owned by the Vanderbilts and brings in $230 million a year. They might not be as decadently rich as they used to be but they are not stuck at Walmart either.
Actually, the moral here is to not pass your fortunes on to wastrel sons who have done nothing to prove they deserve it. Make your children get educated and then get working.
@@missbyrd92 I said she's worth $200 million, not inherited $200, ever hear of comprehending what you read.The point is, she was never broke or even aproaching middle-class status as the video insinuates, at any time.
@@TheXscreech2004x The video shows Gloria and Anderson sitting in a cramped artist loft, to give the impression they were broke.Anderson's baby pictures were in Harpers Baazar, he was on television at age 3, and he was modeling for the Ford agency at age 10.He attented private school(Dalton) and later Yale.He wasn't raised with a silver spoon in his mouth, it was gold
takes a lot more than money to do that. You gotta be very creative and innovative, and even then you probably won't be able to singlehandedly start any industry no matter how much money you have. It takes a society
No videos here aka Niboe stocks maybe open banks get into housing monopolize on the growing automobil industry they were idiots they had plenty of options and plenty of money to spend
It stated that Anderson Cooper won’t inherit from the family fortune. Gloria Vanderbilt inherited two million dollars and from what I gathered from thatvis that she was of the last generation and most likely the last surviving of her generation to be entitled to a yearly income from what was left in the family’s trust which may have paid a few hundred thousand per year if that given the family’s loss of fortune.Gloria Vanderbilt built a fashion line that at one time was more than just jeans. Her line once included outer coats made of lizard skin. She has also earned money as a visual artist. In cases like this it would mean that Anderson Cooper would inherit her personal wealth saved less taxes unless she leaves the her personal wealth to charity. What they left out about Anderson Cooper was what put him on the map as a journalist. In the early 1990s Anderson Cooper and a crew that he hired secretly snuck into Rowanda on a tip and exposed the genocide occurring there. It was a risky and in fact dangerous mission that’s rarely acknowledged.
I think things go bad when they don't pass on strong values & work ethic that they themselves were taught. Its something i realise with a lot of ppl (not only necessarily the wealthy). Ppl develop this mentality "oh, i don't want my kids to go through what i had to" or "i dont wanna be so stern & make my kids work as hard as i did". These are the foolish & unwise ideologies that mark the beginning of the end for future generations.
Now there are passive ways to multiply wealth that did not exist in the past . Now all people get financial advisors and kids do not just get all the cash to spend they spend what that invested cash makes
It reminds me of people who win the lottery and don't have the slightest clue of basic finance. Step 1. Make the money, Step 2. Keep the money, Step 3. Multiply the money. Like most lottery winners... They never got past step 2.
It takes either hard work or brains to acquire wealth to this level, excluding Hollywood & sports, most of these people are just knuckle heads with money especially the sports industry.
The first Generation makes the money, the second enjoys the money and the third looses the money. Not just the Vanderbilts. My great grandfather was a poor dock worker. I only recently discovered his grandfather was head of Pilkington glass sometime in the mid 1800's.
Love that last line “Ultimately, the story of the Vanderbilts is a perfect example of “what comes up must come down””. Excellent and clever way to end this video!
@Tree Beast He's no journalist, he's a talking piece. The public likes him because he's daddy af and they're starved of that shit lmao. I would totally call him successful, but not as successful as Tucker Carlson, Fox's equivalent talking piece, and he doesn't have that cool lookin' hair, I think it's probably the content! xD
Lady gaga is not as creative as she made herself seem. She murdered and stole the identity and style from Lina Morgana. She was a backup for Lina and full of jealousy as she wanted that spot. She took everything from that girl. Lina is the real talent, Lady gaga is a fake, lie, and has no talent.
@@boomboom1939 you're making a Pete Best/ Ringo Starr argument. But just like Pete was a better drummer, Ringo was a better Beatle. Lina may have been more talented, but Gaga did it in a way more people enjoy, and the receipts show
I am eternally grateful to the Vanderbilt University Hospital for saving me from several illnesses, but explaing to me that my tumor might not be survivable. So many people have been saved by Vanderbilt University Hospital so that even though the family are broke, that they have truly changed the world. Even the discoveries there are helping so many world wide today.
The family is worth close to a billion still. They’re broke in comparison to how rich they would have been had their original monopoly lasted to this century.
We recently had a chance to visit this magnificent piece of architecture. what a splendid mansion it is. What struck us was the amount of detailing that had gone behind its creation. A 250 bedroom marvel with state of the art gymnasium and a full fledged swimming pool, servant bedrooms, fully loaded.......etc.... It took around 3-4 hours for us to finish the entire mansion visit. Sad to hear this story though.....It is an important question to answer for mankind... HOW MUCH IS TOO MUCH ?
And your also forgetting another important point besides just saving your money, you should also be investing your money and not be spending foolishly!
There is an old saying about great family fortunes... "Shirt sleeves to shirt sleeves in three generations." The first generation starts out working class and earns their way to the top. The second generation lives off what their parents worked to make. And the third generation wonders where all the money went as they are flipping burgers at BK. In the case of the Vanderbilts, the money was so insane it took a fourth generation to finish burning through it. But yeah, with a very few exceptions, the money is long gone.
What sad lives they must have led if all they were bothered about was putting on a show and spending their way through a fortune. They knew the price of everything and the value of nothing
Not entirely true. George Washington Vanderbilt and his wife Edith were philanthropists who did wonderful work. Biltmore is the birthplace of forestry. Read up on them. You'll be pleasantly surprised.
Gloria’s first born son and Anderson’s brother, Carter Vanderbilt Cooper was 23 years young when he jumped to his death from his Mother’s 14th floor Penthouse apartment at 10 Gracie Square at 7 P.M. July 23, 1988 landing in an ally between the building and a walkway next to the East River. Gloria was with him on the terrace when he jumped.💜✌️🙏
4:00 "like his great, great grandfather" I calculate Anderson Cooper as the Commodore's great, great, great grandson...Cornelius, William Henry V, Cornelius II, Reginald Claypoole V., Gloria V., Anderson. Oh, and the Commodore's son William Henry V. who inherited about 85% of his father's fortune is said to have doubled it in 6 years.
People with super famous parents be like “I’m totally self made, my super famous parents had absolutely no impact on any circumstance or opportunity in my life”
when you realize nates mother side of the family from the show gossip girl was based on this family (his grandpa was even named william van der bilt). neat!!
I work on the Biltmore estate Which was never mentioned in the video. I mention because it was owned by George Vanderbilt who's daughter married a Cecile. The estate is still privately owned by the family. Not sure what the net worth is but is still up there.
I'm glad you enjoyed it. I'm just a cook so I don't really have much to do with the house bit if you went to one of the restaurants that's where you would find my part of the Biltmore magic.
This story has been told a million different times throughout the eons. Its much like the fall of hundreds of the great British families through the extravagance, stupidity and drunkenness of the heirs that followed. So Vandy 1 builds an empire, subsequent generations destroyed it. The gambler was just the idiot icing on top. Gloria Vanderbilt, btw, built her own empire and did damn well after the fall of the rest of the family
George Washington Vanderbilt of Biltmore House fame had one child, a daughter. She married a Cecil from England, a descendant of the First Lord Burleigh, chief minister of Elizabeth I. That daughter had two sons, George and William Cecil. William and his side of the family operated the house. George was in charge of the dairy business. Both of the sons are dead. George died at the end of October, 2020. William has been gone for several years. Both were generous members of the Asheville community.
I work for William Cecil Jr. He is the CEO of the Biltmore company and the great great grandson of Cornelius. The Biltmore house is nationally known. Many movies have been filmed there including richie rich. It is Americas largest home and most visited winery with 1.6million guests every year. He is worth 100s of millions. You had a picture of Biltmore house in your video! Why would the Cecils not be mentioned?
The Vanderbilts still own Biltmore, which is the largest private residence in the US. Its work $160 million dollars and has over 8,000 acres of land. So yes, the Vanderbilts are still extremely wealthy.
The Cecil family still owns Biltmore, the largest private home in America. (The only child of George Vanderbilt, who built Biltmore, was a daughter who married a Cecil.) I believe there's still plenty of money there.
This is what happens when you give your children money without them having to work for it, they spend it all losing the family's fortune in the process. Later generations went on to earn their fortunes like Gloria Vanderbilt and Anderson Cooper. They still had the Vanderbilt name if not the money.
..whatever the story.... Gloria Vanderrbilt continued the LEGACY of Cornelius Vanderbilt who built the RAILROAD EMPIRE in 1800.......beautiful soul.....REST IN PEACE....MA'AM.
Corneilus Vanderbilt made 100m from 1794-1877, William Henry Vanderbilt turned it into 200m until 1885, and William Henry Vanderbilts 2 oldest sons got the bulk of the fortune and the other 2 got 10m each. The grandsons were always rich and their wives spent alot of money, but they still had wealth at their death. The next (4th and 5th) generations in the early to mid 1900s were the ones who really squandered whatever was left.
I have been to the biltmore mansion in South Carolina, incredible to think people lived in such a lavish house. Would recommend to anyone wanting to visit South Carolina.
I thought this was suppose to be how they lost their money? Sounds to me like anderson having over 100 million isnt losing their money. And as a business man myself know you dont make 100 million without government help or high financial help!
Cooper used to have some mild talent enough not to lose what he was handed, but ultimately is a spoiled liar who does a lot of damage to the world. And if you think he didn’t get a huge leg up from his family you’re out of your mind.
Old saying about dynastic fortunes... "Shirt sleeves to shirt sleeves in three generations." In the case of the Vanderbilts, the fortune was so staggering that it took an extra generation to finish it off.
Lol that's what I call my dad lol commodore!! Haha our last name is Madore. He went broke too had been a million many times over. Won't get into how's and why but we pd the ultimate price with my younger brother who went missing June 1st of 2019 and remains missing til this day. Probly in a shallow grave somewhere in northern Maine for reasons u don't even want to know and couldn't probably even imagine. So the lesson is the money makes you more of what you are whether good bad or indifferent. Keep those you love close and expending loved ones for any reason will give u nightmares for the rest of forever. In other words if you sell out on those you love for ANY reason it will cause you major regrets either rite off or later on.. and those regrets will follow you wherever you go promise. Ask my bro he would tell u exactly this if he could. Everyone so head strong and gotta learn the hard way. Can't take someone's experience for what it's worth. Wish I had listened to those around me a bit more. Trauma would be much less if I had. Hold those you love tight at least once a day cause you'll never know what could be in store! Take care out there during these unprecedented times folks and take it from me... learning the hard way isn't all it's cracked up to be !!!
@@BassForever44 ty for your kind words... probably could write a best selling book lol maybe I should I certainly can use the money lol. I've been estranged from my family and moved 6 hrs south to raise my little girl... Didn't think I could have children and got pregnant at 36 so she is my first baby and we are having a blast lol..my dad got ahold of me probably 10 or so weeks ago and I only found out about my bro about probably 8 weeks ago.. my uncle had told me about my brother and I had no idea at that point the he was a missing persons case but then I spoke with my dad who also didn't realize the severity of the situation so had to call my mom to get the low down only then did I understand that nobody had seen him since June of last year. craziness I don't think I'll recover from this he's my only sibling
@@BassForever44 my dad hasn't been in the up there for over a year and a half..was.on probably a 15 year bender and got arrested so he's not allowed to be back up there on his bail conditions. And this is why I've been estranged for about 5 yrs now- just don't want my daughter exposed to certain things so I left. Miss it up there I've always loved living in the country but I probably will never be able to return.. Not without my brother being there anymore
You also need to look at the descendents of George Vanderbilt II. His offspring seem to be doing very well and manage what he left behind, keeping his home and land in the family.
I remeber watching Anderson Cooper in school, he and Lisa Ling did a morning news show for kids called channel one and we used to watch it 1st period back in the day.Glad to see he is doing well for himself.
My grandfather's great grandparents owned quarries for gravel and they made a empire out of gravel to build highways as the united states had their highway boom. my generation is the last generation to see anything left of their fortune.
And this is why the smart modern billionaires only give an extremely small sum to their children, usually just a couple million dollars (millions, not billions). Living a normal life teaches their children the value of money, so that when time come to inherit everything, they won't pulverize their whole fortune in mere decades.
What really happened! There was one single money maker in the Vanderbilt family, the commodore! And with his death also came the death of the family's money machine. After which his family began chipping away at his fortune. Instead of growing the money it was wasted. Even if Cornelius had gone on to live longer he was not equipped to evolve the same as his competitors had been. Those competitors being J.P Morgan Chase, John D. Rockefeller, and Andrew Carnegie. Actually Carnegie can't be on that list as he did not change with the times either. Only Chase and Rockefeller truly could be thrown into the world at any given time and they woukd be successful regardless. They were true problem solvers at the core!
"J.P Morgan Chase" is not a person. "JPMorgan Chase" is a bank, formed in December of 2000 with the acquisition of J.P. Morgan & Co. by Chase Manhattan Bank. The person was just "J.P. Morgan," the short name of financier John Pierpont Morgan.
How reprehensible it is when those blessed with commodities insist on ignoring the poor. Better to torment them, force them into indentured servitude, inflict compulsion and blows-this at least produces a connection, fury and a pounding heart, and these too constitute a form of relationship. But to cower in elegant homes behind golden garden gates, fearful lest the breath of warm humankind touch you, unable to indulge in extravagances for fear they might be glimpsed by the embittered oppressed, to oppress and yet lack the courage to show yourself as an oppressor, even to fear the ones you are oppressing, feeling ill at ease in your own wealth and begrudging others their ease, to resort to disagreeable weapons that require neither true audacity nor manly courage, to have money, but only money, without splendor: That’s what things look like in our cities at present... Robert Walser, The Tanners
This information has not been confirmed by the cecils( Vanderbilt's descendants) had a guy argue this with one of the tour guides at the biltmore. Needless to say the guy was shut up quick. And andersson cooper was a spoiled brat. They said he spent many weekends and summers at the biltmore and any descendant has a place there if needed
When I did home foreclosures, I would see people overnight loose nearly everything. Amazing what people do to appear wealthy, glamorous and happy but privately there on a cliff’s edge to disaster and ruin.
Anderson Cooper still grew up in a fancy West Side penthouse, attended an elite prep school, and appeared on TV and in magazines as a child. He had a very wealthy upbringing.
That's the only reason he's where he's at !! Who watches CNN only idi9ts and DUMBOCRATS !!
@@veravaladez1525 Says the Fox New moron
That would be the majority of successful people. Do you think Trump had a hard life? He still went bankrupt multiple times sticking others with debt. Draft dodging F
@@mtadams2009 Please check out CNN's reporter sniffing (yes, actually sniffing) a backpack to confirm that nerve gas was used in Syria. It's still on CNN's youtube account.
@@mtadams2009 Were you ever in the military? And the draft was FORCED military service. It was so unpopular that Congress finally got rid of it. Trump couldn't pass a physical. So when did you serve?
Most of the Vanderbilts to day are not hurting for cash. Gloria died worth $150 million and her son Anderson Cooper makes $11 million a year. The Biltmore in North Carolina is still owned by the Vanderbilts and brings in $230 million a year. They might not be as decadently rich as they used to be but they are not stuck at Walmart either.
Vanderbilt are broke.
1.5 million
Anderson Cooper is related to the Vanderbilts? I usually keep track of that stuff but I had no idea.
Moral here is stay out of debt. I'd rather be middle class with no debt than a millionaire with debt obligations.
Or just a debt you can afford. Good credit history can save you in an emergency (yes, emergencies can happen even with savings and insurance)
not all is bad
Exactly!
usagi18
Name an emergency that requires a good credit rating.
Actually, the moral here is to not pass your fortunes on to wastrel sons who have done nothing to prove they deserve it. Make your children get educated and then get working.
Gloria is worth about 200 million.It must have been tough for her and Anderson to get by on that
Gloria made her own money. She did inherit about 2 million. Ever heard of gloria vanderbilt jeans?
@@missbyrd92 I said she's worth $200 million, not inherited $200, ever hear of comprehending what you read.The point is, she was never broke or even aproaching middle-class status as the video insinuates, at any time.
@@clutchcargo5259 where do u get that, he merely mentioned gloria didnt raise him with a silver spoon in his mouth.
@@TheXscreech2004x The video shows Gloria and Anderson sitting in a cramped artist loft, to give the impression they were broke.Anderson's baby pictures were in Harpers Baazar, he was on television at age 3, and he was modeling for the Ford agency at age 10.He attented private school(Dalton) and later Yale.He wasn't raised with a silver spoon in his mouth, it was gold
@@missbyrd92 Are you telling me she made $198 million selling those sh*tty jeans? I don't think so.
Imagine you throw a party and people are still talking about your outfit over a century later 🤩
Haha ikr
Amazing and sad at the same time
Mission accomplished
This is what my wife thinks when she takes 2 hours to get ready.
Didn't know Anderson Cooper was a Vanderbilt
Really? Gloria Vanderbilt.
Yeah his mama was Gloria Vanderbilt.
Sherlock's cat you sure do seem to be fixated on feces. What are you, a house fly?
RedEyeJedi I did, but I didn't know about Timothy Olyphant!
Timothy Olyphant is also a Vanderbilt
Imagine the successor were wise & use the fortune to start another new industry with their wealth. Not just gamble & partying
takes a lot more than money to do that. You gotta be very creative and innovative, and even then you probably won't be able to singlehandedly start any industry no matter how much money you have. It takes a society
No videos here aka Niboe stocks maybe open banks get into housing monopolize on the growing automobil industry they were idiots they had plenty of options and plenty of money to spend
@@a_bone_in_the_ocean2276 for sure
What about Gloria? She didn’t just sit on her inheritance
It stated that Anderson Cooper won’t inherit from the family fortune. Gloria Vanderbilt inherited two million dollars and from what I gathered from thatvis that she was of the last generation and most likely the last surviving of her generation to be entitled to a yearly income from what was left in the family’s trust which may have paid a few hundred thousand per year if that given the family’s loss of fortune.Gloria Vanderbilt built a fashion line that at one time was more than just jeans. Her line once included outer coats made of lizard skin. She has also earned money as a visual artist. In cases like this it would mean that Anderson Cooper would inherit her personal wealth saved less taxes unless she leaves the her personal wealth to charity.
What they left out about Anderson Cooper was what put him on the map as a journalist. In the early 1990s Anderson Cooper and a crew that he hired secretly snuck into Rowanda on a tip and exposed the genocide occurring there. It was a risky and in fact dangerous mission that’s rarely acknowledged.
Remind me in 80 years what happens to Jeff Bezos wealth. Can't imagine passing down over a trillion dollars will go well, especially by 3rd generation
I think things go bad when they don't pass on strong values & work ethic that they themselves were taught. Its something i realise with a lot of ppl (not only necessarily the wealthy). Ppl develop this mentality "oh, i don't want my kids to go through what i had to" or "i dont wanna be so stern & make my kids work as hard as i did". These are the foolish & unwise ideologies that mark the beginning of the end for future generations.
He has no children soooo
@@calebsmith95 of course he has kids
@@forward_ever_ever2595 he has no BeZos Kiddies!
Now there are passive ways to multiply wealth that did not exist in the past . Now all people get financial advisors and kids do not just get all the cash to spend they spend what that invested cash makes
It reminds me of people who win the lottery and don't have the slightest clue of basic finance. Step 1. Make the money, Step 2. Keep the money, Step 3. Multiply the money. Like most lottery winners... They never got past step 2.
They never even made it to Step 1 lol they didn't make it in the first place
It takes either hard work or brains to acquire wealth to this level, excluding Hollywood & sports, most of these people are just knuckle heads with money especially the sports industry.
The first Generation makes the money, the second enjoys the money and the third looses the money. Not just the Vanderbilts. My great grandfather was a poor dock worker. I only recently discovered his grandfather was head of Pilkington glass sometime in the mid 1800's.
Wow. Neat
Imagine working your whole life just to have your incompetent family use most of your money on crap
Yep, thats when they didnt take the time to instill the strong values & work ethic they grew up with that made them successful.
Love that last line “Ultimately, the story of the Vanderbilts is a perfect example of “what comes up must come down””. Excellent and clever way to end this video!
And wrong as fuck
The Vanderbilts biggest accomplishment was being able to blow through billions of dollars
I think you meant to say "blow through tens of billions of dollars" since they were worth 185 billion.
Vanderbilts have plenty of money still.
@Tree Beast He's no journalist, he's a talking piece. The public likes him because he's daddy af and they're starved of that shit lmao. I would totally call him successful, but not as successful as Tucker Carlson, Fox's equivalent talking piece, and he doesn't have that cool lookin' hair, I think it's probably the content! xD
NOT on the level they once had...
@ I agree. Cooper is a self righteous, cox suking bass terd
He didnt say they didnt
@chanson2431 WTF? His *name* is Anderson COOPER
An Electric Dress? Well, apparently Lady Gaga’s meat dress and Bjork’s Swan dress wasn’t the first ostentatious outfit
Lady gaga is not as creative as she made herself seem. She murdered and stole the identity and style from Lina Morgana. She was a backup for Lina and full of jealousy as she wanted that spot. She took everything from that girl. Lina is the real talent, Lady gaga is a fake, lie, and has no talent.
@@boomboom1939 you're making a Pete Best/ Ringo Starr argument. But just like Pete was a better drummer, Ringo was a better Beatle. Lina may have been more talented, but Gaga did it in a way more people enjoy, and the receipts show
Thank you for your feedback
Spend ur money wisely...
I am eternally grateful to the Vanderbilt University Hospital for saving me from several illnesses, but explaing to me that my tumor might not be survivable.
So many people have been saved by Vanderbilt University Hospital so that even though the family are broke, that they have truly changed the world.
Even the discoveries there are helping so many world wide today.
Shelby Cole I am glad to hear that Shelby!!! 😃
i wonder do vanderbilts descendants get legacy preference to vanderbilt university.
Most likely
Who cares? Does that really bother you so much you wonder about it? You should wonder about getting a life
Death Larsen you sound like a Vanderbilt
Would a Rockefeller automatically get into the University of Chicago?
@@LlyleHunter "legacy preferences" nof auto-admits lmao.
The family is worth close to a billion still. They’re broke in comparison to how rich they would have been had their original monopoly lasted to this century.
@Jack Sim not at first
This is a perfect example of the Chinese proverb about entitlement... "Every 3rd generation will not wear slippers"
Wow what utter bullshit
I wouldn’t call their remaining wealth Dust.
We recently had a chance to visit this magnificent piece of architecture. what a splendid mansion it is. What struck us was the amount of detailing that had gone behind its creation. A 250 bedroom marvel with state of the art gymnasium and a full fledged swimming pool, servant bedrooms, fully loaded.......etc.... It took around 3-4 hours for us to finish the entire mansion visit. Sad to hear this story though.....It is an important question to answer for mankind... HOW MUCH IS TOO MUCH ?
Not sure why your channel came up on my list but i am glad it did. Following
Save the money! Live simply. Ostentatious display of wealth is a no no.
Right! $$$ CAN'T buy Friends or Respect!
Like Warren Buffet.
And definitely MONEY CAN'T BUY YOU CLASS OR GOOD TASTE N THOSE ARE FACTS..
And your also forgetting another important point besides just saving your money, you should also be investing your money and not be spending foolishly!
Lots of background on this amazing story in the book "Fortune's Children: The Fall of the House of Vanderbilt". A good read!
njhawk89 an excellent read.
Beautifully done!
My great aunt works at the Vanderbilt mansion in Asheville NC. Really interesting to go into a place so luxurious and expensive and also historical
didn't know Timothy Olyphant was related
The Cecil line is still very rich and they own the Biltmore estate in Asheville NC.
Yeah I work at one of the many restaurants on the estate
I was just there last week
I'm surprised they didn't mention this in the video.
what a small world. love youtube
Biltmore is on my bucket list
I wish the video was longer but I like the in-depth look at this family.
You managed to expertly explain a dynasties rise and fall spanning over a century in just 5 minutes! That is impressive sir
There is an old saying about great family fortunes... "Shirt sleeves to shirt sleeves in three generations." The first generation starts out working class and earns their way to the top. The second generation lives off what their parents worked to make. And the third generation wonders where all the money went as they are flipping burgers at BK. In the case of the Vanderbilts, the money was so insane it took a fourth generation to finish burning through it. But yeah, with a very few exceptions, the money is long gone.
What sad lives they must have led if all they were bothered about was putting on a show and spending their way through a fortune. They knew the price of everything and the value of nothing
Well said!
Not entirely true. George Washington Vanderbilt and his wife Edith were philanthropists who did wonderful work. Biltmore is the birthplace of forestry. Read up on them. You'll be pleasantly surprised.
I know how pathetic that they were so keen on impressing a bunch of snobs
You have spoken the truth with true wisdom
Gloria’s first born son and Anderson’s brother, Carter Vanderbilt Cooper was 23 years young when he jumped to his death from his Mother’s 14th floor Penthouse apartment at 10 Gracie Square at 7 P.M. July 23, 1988 landing in an ally between the building and a walkway next to the East River. Gloria was with him on the terrace when he jumped.💜✌️🙏
A+ video!
LOVE IT! What a fascinating history!
Underrated channel
If you’re going to make a film about several generations of a family, it might help to know the difference between an ancestor and a descendent.
4:00 "like his great, great grandfather" I calculate Anderson Cooper as the Commodore's great, great, great grandson...Cornelius, William Henry V, Cornelius II, Reginald Claypoole V., Gloria V., Anderson. Oh, and the Commodore's son William Henry V. who inherited about 85% of his father's fortune is said to have doubled it in 6 years.
People with super famous parents be like “I’m totally self made, my super famous parents had absolutely no impact on any circumstance or opportunity in my life”
when you realize nates mother side of the family from the show gossip girl was based on this family (his grandpa was even named william van der bilt). neat!!
Very well done sir! Thanks.
I love your videos. Great job
Jeez, I guess it just goes to show that your own family will drag you down if you find a way to pull yourself up
Daniel Flanard I learned this lesson the hard way
Daniel Flanard So true, and some will try to use you, and if they can’t, you will be hated on.
Not all of them.
Life pro tip: If you’re rich or want to be rich, spend your money wisely , invest in stocks and use part of that money for philanthropy reasons.
Then what's the point of all that money? Money is meant to spent and not collected. Cant take it with you when you die
@@tryingmybest206 no but the people care about will be taken care of, God forbid youre alive and one of them gets really sick
This was awesome 👏
I work on the Biltmore estate Which was never mentioned in the video. I mention because it was owned by George Vanderbilt who's daughter married a Cecile. The estate is still privately owned by the family. Not sure what the net worth is but is still up there.
Michael deHarak
I just visited a week ago. Was glad to go back since I didn’t remember it since I was a baby the first time.
I'm glad you enjoyed it. I'm just a cook so I don't really have much to do with the house bit if you went to one of the restaurants that's where you would find my part of the Biltmore magic.
@@michaeldeharak7306 kewl. Will keep that in mind
Good to see the channels back
This story has been told a million different times throughout the eons. Its much like the fall of hundreds of the great British families through the extravagance, stupidity and drunkenness of the heirs that followed. So Vandy 1 builds an empire, subsequent generations destroyed it. The gambler was just the idiot icing on top. Gloria Vanderbilt, btw, built her own empire and did damn well after the fall of the rest of the family
George Washington Vanderbilt of Biltmore House fame had one child, a daughter. She married a Cecil from England, a descendant of the First Lord Burleigh, chief minister of Elizabeth I.
That daughter had two sons, George and William Cecil. William and his side of the family operated the house. George was in charge of the dairy business. Both of the sons are dead. George died at the end of October, 2020. William has been gone for several years. Both were generous members of the Asheville community.
I work for William Cecil Jr. He is the CEO of the Biltmore company and the great great grandson of Cornelius. The Biltmore house is nationally known. Many movies have been filmed there including richie rich. It is Americas largest home and most visited winery with 1.6million guests every year. He is worth 100s of millions. You had a picture of Biltmore house in your video! Why would the Cecils not be mentioned?
The Vanderbilts still own Biltmore, which is the largest private residence in the US. Its work $160 million dollars and has over 8,000 acres of land. So yes, the Vanderbilts are still extremely wealthy.
The Cecil family still owns Biltmore, the largest private home in America. (The only child of George Vanderbilt, who built Biltmore, was a daughter who married a Cecil.) I believe there's still plenty of money there.
Humble yourselves " We all, whether degree or no degree, are one paycheck away from poverty.
thats clearly and obviously not true for the rich and people with savings.
speak for yourself, peasant !
@@franciscopereira2341 Read the Book of Daniel.
only the foolish. like celebrities.
This is what happens when you give your children money without them having to work for it, they spend it all losing the family's fortune in the process. Later generations went on to earn their fortunes like Gloria Vanderbilt and Anderson Cooper. They still had the Vanderbilt name if not the money.
..whatever the story.... Gloria Vanderrbilt continued the LEGACY of Cornelius Vanderbilt who built the RAILROAD EMPIRE in 1800.......beautiful soul.....REST IN PEACE....MA'AM.
Someone has a crush on Anderson Cooper.
I love this channel.
I liked this video, you answered my main question, how they built their fortune. And every subsequent question that came after. Good job.
There’s a family in my town that owns like everything and they’re related to the Vanderbilts
Corneilus Vanderbilt made 100m from 1794-1877, William Henry Vanderbilt turned it into 200m until 1885, and William Henry Vanderbilts 2 oldest sons got the bulk of the fortune and the other 2 got 10m each. The grandsons were always rich and their wives spent alot of money, but they still had wealth at their death. The next (4th and 5th) generations in the early to mid 1900s were the ones who really squandered whatever was left.
And here I am sitting in my Vanderbilt dorm watching this
I have been to the biltmore mansion in South Carolina, incredible to think people lived in such a lavish house. Would recommend to anyone wanting to visit South Carolina.
North Carolina - near Asheville.
Thomas Edison's invention?? Uhh no he stole Tesla's invention..
most interesting video i have seen in months
I thought this was suppose to be how they lost their money? Sounds to me like anderson having over 100 million isnt losing their money. And as a business man myself know you dont make 100 million without government help or high financial help!
You may never want to put “...according to CNN...” in any sentence, if you want to be taken seriously.
Anderson Cooper definitely wasn't self made lol.
Anderson Cooper is a journalist?
EXACTLY.
Trumpeter Dumpster there.
No doubt.
Frank White as much as Trump a President.
Oh poor varderbilts, there Millions of dollars from childbirth was a curse
Cooper used to have some mild talent enough not to lose what he was handed, but ultimately is a spoiled liar who does a lot of damage to the world. And if you think he didn’t get a huge leg up from his family you’re out of your mind.
HOW MUCH DID ANDERSON COOPER PAY FOR THIS...
Old saying about dynastic fortunes... "Shirt sleeves to shirt sleeves in three generations." In the case of the Vanderbilts, the fortune was so staggering that it took an extra generation to finish it off.
Lol that's what I call my dad lol commodore!! Haha our last name is Madore. He went broke too had been a million many times over. Won't get into how's and why but we pd the ultimate price with my younger brother who went missing June 1st of 2019 and remains missing til this day. Probly in a shallow grave somewhere in northern Maine for reasons u don't even want to know and couldn't probably even imagine. So the lesson is the money makes you more of what you are whether good bad or indifferent. Keep those you love close and expending loved ones for any reason will give u nightmares for the rest of forever. In other words if you sell out on those you love for ANY reason it will cause you major regrets either rite off or later on.. and those regrets will follow you wherever you go promise. Ask my bro he would tell u exactly this if he could. Everyone so head strong and gotta learn the hard way. Can't take someone's experience for what it's worth. Wish I had listened to those around me a bit more. Trauma would be much less if I had. Hold those you love tight at least once a day cause you'll never know what could be in store! Take care out there during these unprecedented times folks and take it from me... learning the hard way isn't all it's cracked up to be !!!
Holy shit. Sorry for your loss but an interesting story despite the lack of details.
@@BassForever44 ty for your kind words... probably could write a best selling book lol maybe I should I certainly can use the money lol. I've been estranged from my family and moved 6 hrs south to raise my little girl... Didn't think I could have children and got pregnant at 36 so she is my first baby and we are having a blast lol..my dad got ahold of me probably 10 or so weeks ago and I only found out about my bro about probably 8 weeks ago.. my uncle had told me about my brother and I had no idea at that point the he was a missing persons case but then I spoke with my dad who also didn't realize the severity of the situation so had to call my mom to get the low down only then did I understand that nobody had seen him since June of last year. craziness I don't think I'll recover from this he's my only sibling
@@BassForever44 my dad hasn't been in the up there for over a year and a half..was.on probably a 15 year bender and got arrested so he's not allowed to be back up there on his bail conditions. And this is why I've been estranged for about 5 yrs now- just don't want my daughter exposed to certain things so I left. Miss it up there I've always loved living in the country but I probably will never be able to return.. Not without my brother being there anymore
You also need to look at the descendents of George Vanderbilt II. His offspring seem to be doing very well and manage what he left behind, keeping his home and land in the family.
That's what happens when you get easy money.
Who could you possibly convince that Anderson didn't benefit at all from his family's influence?
I remeber watching Anderson Cooper in school, he and Lisa Ling did a morning news show for kids called channel one and we used to watch it 1st period back in the day.Glad to see he is doing well for himself.
OMGosh I forgot about that!!!
hahahahaha Channel One. ugh homeroom days
Now he’s a complete hack
@Larry Sunde What is that comment even referring to? lmfao
My grandfather's great grandparents owned quarries for gravel and they made a empire out of gravel to build highways as the united states had their highway boom. my generation is the last generation to see anything left of their fortune.
If you work for the IRS disregard this video because they are NOT BROKE in fact they are still rolling in money!
And this is why the smart modern billionaires only give an extremely small sum to their children, usually just a couple million dollars (millions, not billions). Living a normal life teaches their children the value of money, so that when time come to inherit everything, they won't pulverize their whole fortune in mere decades.
Gloria did leave the 100 mil to Anderson, after all...
LoL true. But he did have a job though.
We've a saying in Pakistan that, loosely translated, goes: "A dead elephant is still worth a quarter-million Rupees"!
“World renowned journalist” LMFAOOOO
Ahh I love a good riches to rags story 🍿👌
"Gratuitous philanthropy" huh?
Who else has visited The Biltmore house in North Carolina at 0:22 . It is freaking humongous !!
What really happened! There was one single money maker in the Vanderbilt family, the commodore! And with his death also came the death of the family's money machine. After which his family began chipping away at his fortune. Instead of growing the money it was wasted.
Even if Cornelius had gone on to live longer he was not equipped to evolve the same as his competitors had been. Those competitors being J.P Morgan Chase, John D. Rockefeller, and Andrew Carnegie. Actually Carnegie can't be on that list as he did not change with the times either. Only Chase and Rockefeller truly could be thrown into the world at any given time and they woukd be successful regardless. They were true problem solvers at the core!
"J.P Morgan Chase" is not a person. "JPMorgan Chase" is a bank, formed in December of 2000 with the acquisition of J.P. Morgan & Co. by Chase Manhattan Bank. The person was just "J.P. Morgan," the short name of financier John Pierpont Morgan.
The fact that I didn't know Anderson is a Vanderbilt is crazy
Not really a journalist more of a commentator .
More of a PR guy.... Who will say anything for ratings.
My great great grandfather founded the Adirondack league club with Edgar Vanderbilt.
This is about the Vanderbilts. Not politics. Jeez...
How reprehensible it is when those blessed with commodities insist on ignoring the poor. Better to torment them, force them into indentured servitude, inflict compulsion and blows-this at least produces a connection, fury and a pounding heart, and these too constitute a form of relationship. But to cower in elegant homes behind golden garden gates, fearful lest the breath of warm humankind touch you, unable to indulge in extravagances for fear they might be glimpsed by the embittered oppressed, to oppress and yet lack the courage to show yourself as an oppressor, even to fear the ones you are oppressing, feeling ill at ease in your own wealth and begrudging others their ease, to resort to disagreeable weapons that require neither true audacity nor manly courage, to have money, but only money, without splendor: That’s what things look like in our cities at present...
Robert Walser, The Tanners
This information has not been confirmed by the cecils( Vanderbilt's descendants) had a guy argue this with one of the tour guides at the biltmore. Needless to say the guy was shut up quick. And andersson cooper was a spoiled brat. They said he spent many weekends and summers at the biltmore and any descendant has a place there if needed
So not being as wealthy as your ancestors counts as broke?
OPULENCE! YOU OWN EVERYTHING!
When I did home foreclosures, I would see people overnight loose nearly everything. Amazing what people do to appear wealthy, glamorous and happy but privately there on a cliff’s edge to disaster and ruin.
That's America.... Live on credit and when it all goes south.... Just start again.
And not surprisingly, there are multiple comments here hating Anderson Cooper and CNN, just as I knew there would be. Oh well.
Maybe because he stands in swamps pretending the storm is worse than it is
bc they’re awful
You got the good, the bad and the ugly. Take your pick. We humans are usually quick to judge others.
“Highly esteemed Journalist...”. 😂😂😂
Anderson Cooper, a good journalist?????????????????????????
Good or not, he's still successful.
Yes.
Thank you.