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Inside the Astor family, one of America’s wealthiest Gilded Age dynasties whose descendants are friends with British royals

July 6, 2025
in News
Inside the Astor family, one of America’s wealthiest Gilded Age dynasties whose descendants are friends with British royals
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Waldorf Astoria
The Waldorf-Astoria.

Spencer Platt/Getty Images

Astoria, Queens. Astor Place. The Waldorf-Astoria. Even if you’re not a New Yorker, you’ve heard of these iconic places.

You also probably know they’re named for one very powerful family: the Astors.

To this day, the Astors’ money and influence still make waves in society.

So how do you build a dynasty like this one, with money that lasts for generations? Take a look at how the Astors made their fortune.

The Astors came from nothing.

John Jacob Astor
American fur trader and financier John Jacob Astor.

Stock Montage/Stock Montage/Getty Images

Johann Jacob Astor worked as a butcher in Walldorf, southeastern Germany, Elizabeth Louisa Gebhard wrote in her 1915 book, “The Life and Ventures of the Original John Jacob Astor.” His ancestors are said to have been French Huguenots who’d fled to Germany after the revocation of the Edict of Nantes, which had granted protection to Protestants.

His son, John Jacob Astor, was born in Walldorf in 1763.

As a youngster, John Jacob Astor worked for his father as a dairy salesman. He had three brothers, the eldest of whom, George, left home to work for an uncle in London who made musical instruments. John Jacob Astor met up with him there after his 16th birthday.

John Jacob Astor built his fortune in the fur business and through buying and selling New York real estate.

John Jacob Astor
A painting of John Jacob Astor.

Interim Archives/Getty Images

After the Treaty of Paris was signed in 1783, he immigrated to New York and took a job with a fur trader. By 1800, he’d built up his own fur business and was worth $250,000, or about $6.2 million in 2024, according to Encyclopedia Britannica.

John Jacob Astor also bought and sold acres upon acres of land in and around New York City, including what is now Times Square. 

In 1785, he married Sarah Todd. They had three children: Magdalena, John Jacob II, and William.

He was one of the wealthiest men in the US upon his death in 1848, according to the Library of Congress.

William Backhouse Astor continued his father’s real-estate ventures and philanthropy.

William Backhouse Astor
William Backhouse Astor.

Kean Collection/Getty Images

He continued to invest in real estate by building over 700 stores and residences in New York City, according to Encyclopedia Britannica.

He also bequeathed thousands of dollars to St. Luke’s Hospital on the Upper West Side and the Astor Library, which eventually became the New York Public Library.

William and his wife, Margaret, had seven children — John Jacob Astor III and William Backhouse Astor Jr. were the most prominent.

John Jacob Astor III.
John Jacob Astor III.

iStock/Getty Images Plus

William Jr. had some success as a developer in Florida.

John Jacob Astor III, along with his wife Charlotte Gibbs, was a major philanthropist who founded the Children’s Aid Society.

The iconic Waldorf Astoria hotel in New York City was the result of a family feud between John III and William Jr.’s descendants.

A vintage photo of the Waldorf Astoria Hotel, 34th Street entrance.
Waldorf Astoria Hotel, 34th Street entrance.

Bettmann/Contributor/Getty Images

John III’s son, William Waldorf Astor, built the 13-story Waldorf Hotel in 1893 on 33rd Street and Fifth Avenue.

Waldorf Astor’s cousin and rival, John Jacob Astor IV, built a taller hotel next door four years later to outdo him.

Eventually, the two hotels were joined with a marble corridor, resulting in the first Waldorf Astoria.

The simmering tensions prompted William Waldorf Astor to move to London in 1891.

William Waldorf Astor
William Waldorf Astor, 1st Viscount Astor.

Hulton Archive/Getty Images

There, he bought and restored the 125-acre Hever Castle in 1903, purchased the British newspaper The Observer in 1911, and obtained the rank of Viscount in 1917.

William Jr.’s son, John Jacob Astor IV, perished in the sinking of the Titanic in 1912.

John Jacob Astor IV
John Jacob Astor IV.

Bettmann/Contributor/Getty Images

John Jacob Astor IV was the only son of William Backhouse Astor Jr.

As well as his part in the creation of the Waldorf Astoria, John Jacob Astor IV built another iconic New York hotel, the St. Regis, which opened in 1904. He was also a published author and patented multiple inventions, such as a bicycle brake and a turbine engine.

After divorcing his first wife, 47-year-old Astor married 18-year-old Madeleine Talmage Force, in what was considered a scandal at the time. While Madeleine was pregnant, the couple booked tickets for the Titanic — he was believed to be the wealthiest passenger aboard the doomed ship.

Two weeks after the Titanic sank in April 1912, a search crew found his body in the water. He was identified by the initials stitched into his suit and his gold pocket watch. The watch sold at auction for $1.5 million in 2024.

His young wife and their unborn son survived.

Still, the Astors remained a force. In 1931, the modern Waldorf Astoria opened on Park Avenue and became legendary for its service.

Waldorf Astoria
The entrance to the Waldorf Astoria.

Spencer Platt/Getty

The Waldorf Astoria has hosted US presidents, dignitaries, and countless celebrities.

In 2014, the historic hotel was purchased by Chinese insurance group Anbang for $1.95 billion. In 2017, it closed for renovations to convert 375 rooms into luxury condominiums called The Towers of the Waldorf Astoria. The hotel is expected to reopen in September, according to its official website.

Known for her charity work, Brooke Astor emerged as the matriarch of the American Astors.

Brooke Astor receives a Presidential Medal of Freedom from Bill Clinton
Brooke Astor receives a Presidential Medal of Freedom from President Bill Clinton in recognition of her philanthropy.

Susan Biddle/The The Washington Post via Getty Images

Brooke Astor married Vincent Astor, the first son of John Jacob Astor IV. It made her the great-great granddaughter, by marriage, of John Jacob Astor.

She donated over $195 million to hospitals, cultural institutions, and community service programs in New York City through the Vincent Astor Foundation, according to The New York Community Trust. President Bill Clinton awarded her the Presidential Medal of Freedom in recognition of her philanthropy in 1998.

Brooke Astor died in 2007 at age 105 and was the subject of a four-page obituary in The New York Times.

Her son, Anthony Marshall, was convicted of stealing millions of dollars from her in 2009 and sentenced to prison.

The British side of the Astor family continued to hold positions of power, as well.

Nancy Astor
Nancy Astor.

Bettmann/Contributor/Getty Images

Nancy Astor, Viscountess Astor, who was married to Waldorf Astor, 2nd Viscount Astor, became the first woman in the House of Commons in the chamber’s history in 1919.

Her son, David Astor, rose to prominence as the longtime editor of The Observer and an anti-apartheid activist, the Los Angeles Times reported.

Modern members of the Astor family remain influential figures.

Prince William and Kate Middleton kiss on their wedding day
Prince William and Kate Middleton on their wedding day in 2011. Grace van Cutsem, left, was unamused by the loud crowds.

Chris Ison/PA Images via Getty Images

William Astor, 4th Viscount of Astor, is a member of the House of Lords and the stepfather of Samantha Cameron, the former British first lady married to David Cameron.

John Jacob Astor, 3rd Baron Astor of Hever, also sat in the House of Lords from 1986 until his retirement in 2022, according to the UK Parliament‘s official website.

William Waldorf Astor’s great-great-granddaughter, Rose Astor, married Prince William’s close friend, Hugh van Cutsem, in 2005. Their daughter, Grace van Cutsem, is perhaps best known as the young bridesmaid who appeared grumpy at Prince William and Kate Middleton’s wedding in 2011, pictured above on the left.

Another great-great-grandchild of William Waldorf Astor, Harry Lopes, married Queen Camilla’s daughter, Laura Parker-Bowles, in 2006.

This story was originally published in April 2012. It was updated in July 2024 and July 2025.

The post Inside the Astor family, one of America’s wealthiest Gilded Age dynasties whose descendants are friends with British royals appeared first on Business Insider.

Tags: astor familybettmannbrooke astorcontributorGetty ImagesHousejohn jacob astorNew Yorkphilanthropysonstorywaldorf astoria hotelwaldorf-astoriawilliam backhouse astor jr.william waldorf astor
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