Forbes

GOING, GOULD, GONE!

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In the late 1800s, Jay Gould amassed a fortune worth a billion-plus in current dollars through railroads and telegrams—the 19th-century equivalent of emails— after seizing control of Western Union. At the start of the 20th, son George Jay stopped “climb[ing] toward the summits of business success” and instead “plunged headlong into the gayeties,” squanderin­g his old man’s money on ponies, mansions and yachts. —September 15, 1917

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