The weird life of Hetty Green’s Witch of Wall Street.
When Hetty Green turned 20, she bought a clothing full of elegant and costly dresses from her wealthy father in 1884 in order to attract a rich suitor.
She quickly sold all of them and purchased the proceeds in government bonds. Or that’s the story.
Green, a shrewd investor known for its frugal eccentricity, has gained an impressive fortune in the human world, and has become one of America’s richest.
When she died in 1916, Ellen Terrell wrote the $7-10 million she inherits from the shipping and whaling interests of her family, to a staggering $100 million.
It’s estimated that her fortune is worth approximately $2 billion in US dollars today.
She has been one of the most rich financial tycoons of the time with her business-knowledge: Russell Sage, JP Morgan and John D. Rockefeller.
“Green Hetty hadn’t purchased margin stocks. Investing in immobilization and bonds, trains, and mining. During financial panics, she bought cheaply, sold loved and kept her head. In 1907, when the banks did not, she rescued New York, “Writes the Society of History in New England.
Although Green was almost alone in her effort to make money, at the age of 33 she married and had a family. She married Edward Henry Green, a rich man from Vermont. The ceremony was not carried out until the pre-nup was signed, which at the time was almost unheard of.
The two had children, and Edward, Green’s son, was coached by her to take charge of the family business.
Green began appearing on New York’s black streets, according to 1936’s book, The Witch of Wall Street, after the death of her husband as a young person.
The authors Sparkes and Moore believe that this is where she can have her name. Samuel Taylor
“The next time Mrs Green was in New York, she wore mourning, and she was never seen on the street for years afterward, except by a heavy black veil swath,” the couple wrote.
A life of pauper.
Green grew up in the austere Quaker tradition and spent her grown-up life in humility.
The papers of the time were very happy to report on their strangely frugal ways to develop their reputation for living like a pauper.
The New England Historical Society writes: ‘She always worn an old black dress, went blockways to buy broken bulk cookies, and once spent hours looking for a two cent mark.
Green was known to be living with her family in low-cost apartments across Brooklyn and New Jersey and frequently moved to what was believed to avoid residence and tax payments.
An article in 1899 of the San Francisco Call even suggested that her son had to amputate his leg after a wound because his mama would be unhelpful.
Many other newspaper articles have been dedicated to her aunt’s legal tussles.
An article in the 1910 Republican Salt Lake Herald reported that Green tried to forge the will of her aunt but lost the court case, Terrell wrote.
However, the journal reports detailing Green’s life are not known for their accuracy. Many were without a doubt colored by the prejudices of an era which did not kindly take women to flout conventions and to reveal men in financial matters.
The Historic Society of New England suggests that the reports of Green’s leg were an exaggeration and she brought him to a lot of doctors.
Many of her gifts received little attention, too, and she was probably not looking for any.
“At a lower price, she loaned money to a minimum of 30 churches. She secretly gave numerous gifts to charities and helped at least 30 regularly earning families, her son says “Writes history society. Historical society.
Maybe after all she wasn’t a witch.