How much is Dupont Family worth?
| Net Worth: | $15 Billion |
|---|---|
| From: | 1739 |
| Country: | France, United States |
About Dupont Family
The family was instrumental in the establishment of a number of museums, including Winterthur and the Delaware Museum of Natural History, and also played a significant part in the establishment of the National Trust for Historic Preservation. President James Madison’s home, Montpelier, was also preserved by the family.
Around 2,350 acres of land in Pennsylvania and Delaware are owned by the Brandywine Conservancy, which was established by a member of George Alexis Weymouth’s family. Additionally, the Brandywine Conservancy holds permanent conservation easements on an additional 37,000 acres. In 2013, Lammot du Pont Copeland’s Mt. Cuba Center made a contribution of more than $20 million toward the purchase of land for the First State National Historical Park. This land was intended to be donated to the federal government.
Through the course of its history, the Du Pont company has evolved into the industry’s preeminent provider of black powder. The family stayed in control of the corporation until the 1960s, and family trusts still own a sizeable portion of the company’s outstanding stock today. At its heyday, this company and others that the du Pont family owns and operates provided jobs for up to 10 percent of Delaware’s total population. In the 19th century, it was common practice for many families, including the Du Pont family, to protect their family riches by carefully arranging marriages between cousins. This allowed the Du Pont family to keep their family wealth intact.
Near Wilmington, Delaware, on the banks of the Brandywine River, in 1802, Éleuthère Irénée du Pont founded a gunpowder mill. The area, which was given the name Eleutherian Mills, had a water flow that was adequate to run the mill, as well as readily available timber (mostly willow trees) that could be processed into charcoal that was fine enough to be used for gunpowder.
Louise E. du Pont Crowninshield was the one responsible for the preservation and restoration of the family’s first American estate, Eleutherian Mills, which may be found at the Hagley Museum and Library. In 1949, she was also one of the people who helped start the National Trust for Historic Preservation. Over the course of the most recent years, the family has maintained its notoriety as a result of its involvement in many philanthropic, business, and political endeavors.
Summing-Up
It is believed that the wealth of the Du Pont family is $15 billion, which is dispersed among more than 3,500 living members. Since the middle of the 19th century, when the family first started building their fortune in the gunpowder business, has been one of the wealthiest families in the United States of America. In the latter half of the 19th century and the early 20th century, it expanded its wealth through the chemical industry and the automotive industry, with substantial interests in the company DuPont, General Motors, and a variety of other corporations. During this time period, the United States of America was undergoing rapid industrialization.
