March 22, Wikimedia Commons There was an old woman often seen plodding up and down Wall Street at the turn of the 20th century.
Her reputation may have been the result of being a successful businesswoman in an age of businessmen or it may have been a result of being a little ruthless in her success.
Whatever the reason, Hetty Green was a rather formidable woman. How else would she have been able to amass so much money and be considered the richest woman and one of the richest people in America?
The San Francisco Call. Her family had made millions with their whaling fleet and shipping interests. Hetty seems to have developed her financial skills at a very early age after spending considerable time with her grandfather Gideon Howland who would talk to her about financial matters and encourage her to read financial papers.
Hetty married a wealthy Vermont man, Edward Henry Greenand did something unusual for the day — she asked the prospective husband to renounce all rights to her money. Although formidable, she was also quite talented and very successful.
Rockefeller, and other financiers and tycoons of the day. A cabinet that could afford it. Illustration shows eight men and one woman sitting and standing around a table, each is identified with a Cabinet position: On the far left is a ticker tape machine.
Like many successful people, she was often asked for financial advice. On being asked what a woman with a few hundred dollars should do with that money, she said real estate was the best investment — especially if bought at auction when the prices were lower.
All you have to do is buy cheap and sell dear, act with thrift and shrewdness and then be persistent. She indicated that she knew the panic was coming and goes on to say that she made every effort to have cash on hand in order to lend to those that came to her — including the city of New York, to whom she lent over a million dollars in return for short-term revenue bonds.
Many of the stories written about her were rather sensational. A San Francisco Call article from March 26, indicated that she never paid taxes, lived in cheap lodgings, and believed so strongly that there was a conspiracy of lawyers who were out to get her, that she hired a bodyguard and began carrying a pistol.
Hetty died in July in New York City. Green next appeared in New York she was wearing her mourning and for years thereafter she was never seen on the street except with a heavy swathing of black veil.
It was this garment, perhaps, as much as anything that caused her to be spoken of as the Witch of Wall Street.Hetty Green was the richest woman of her time and possibly the first value investor, yet she's not remembered kindly. The Howland Heirs: Being the Story of a Family and a Fortune and the Inheritance of a Trust Established for Mrs.
Hetty H. R. Green (Classic Reprint). Profile of the witch of wall street Hetty Green with biographical facts, historical events and Hetty Green's married life. This article is within the scope of WikiProject United States, a collaborative effort to improve the coverage of topics relating to the United States of America on Wikipedia.
If you would like to participate, please visit the project page, where you can join the ongoing discussions. Hetty Green was an eccentric billionaire infamous for her vicious, cheap ways, which earned herself a name as the "Witch of Wall Street.".
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