Alexander Turney Stewart (October 12, 1803 – April 10, 1876) was an Irish American entrepreneur who moved to New York and made his multimillion-dollar fortune in the most extensive and lucrative dry goods store in the world.
Alexander Turney Stewart (October 12, 1803 – April 10, 1876) was an Irish American voyager who moved to New York and made his multimillion-dollar fortune in the most extensive and lucrative ascetic goods store in the world.
Stewart was born in Lisburn, Ulster, Ireland, and and no-one else his native aspirations of becoming a Presbyterian minister to increase New York City in 1823. He spent a rude time teaching in the past returning to Ireland to receive the money his grandfather had left him, purchase some Belfast linens and laces, and compensation to New York to read a store.
Stewart had wonderful skill in business, and by 1848 he had built a large marble-fronted store on Broadway in the middle of Chambers Street and Reade Street, which was devoted to the wholesale branch of his business. In 1862 he built a new increase covering an entire city block amongst Broadway and Fourth Avenue and between 9th and 10th streets. It was eight stories high and attracted the shock and issue of upscale New York. Trainloads of rich customers from outlying cities came to shop.
Stewart made most of his grant through wholesaling and especially New York City real estate.
He opened branches of the company in other parts of the world and owned several mills and factories. He had an annual income of US$1,843,637 in 1863 (equivalent to $30.9 million in 2019). His business capability is estimated to have made him one of the twenty wealthiest people in chronicles as of 2007, with a fortune equivalent to nearly US$90 billion in 2012.