Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Hetty Green-2
Investors and Entrepreneurs

Hetty Greene: the world’s most miserly woman

18.06.2023
2 min read

How Hetty Green managed to make $2 billion

Hetty Green has become a legendary figure in the United States, not only because she remains the wealthiest woman in the world, even though she died in 1916. Henrietta is an example of incredible avarice in the presence of enormous capital and ample opportunity.
Hetty was born in 1934 into a family of whalers in Massachusetts. Moreover, her father owned a marina and many ships, which he rented out. This provided the family with a high income. Hetty’s father noticed her mathematical talent early on and introduced her to the family’s accounting business.
At 15, Hetty went to Boston to receive an education in a private school. This period was difficult for the girl, as she absolutely did not know how to get along with other people or establish friendships. As a result, Hetty left school and took an accounting course, especially since exact sciences were incredibly easy for her.
Even from a young age, green was distinguished by stinginess and excessive frugality. Once, her father gave her a thousand dollars to live in Boston for a month and buy new clothes. However, as time passed, Henrietta arrived in the same clothes, with the shares purchased for 1 thousand dollars.Hetty GreenThe impetus for her financial career was her father’s death. His business passed to his sons, and he left his daughter several million dollars. And Hetty’s brothers were not happy about such a parent’s will. They demanded that the girl share the money. In response, she threatened to kill them, and to prove her words; she burned a few ships. Green’s inheritance was invested in bonds, but she wanted more money and went on a crime spree. Her aunt, when she died, left her US$65,000, even though her capital was much more significant. Green forged a will, listing US$2 million as her inheritance, but police uncovered her fraud. Fleeing imprisonment, Hetty and her husband came to London. Here she began to increase her fortune actively. She staked on the exchange betting on the pound’s weakening, through which she earned US$1 million. The money Henrietta invested in shares of railway companies.
Green’s finest hour was the crisis of 1907 when she bought up bankrupt stock brokerage firms for a minimal price.
Despite her wealth, Hetty was highly miserly. A prime example of this was the story of her son’s broken leg. The woman did not want to pay a private doctor and pretended to be homeless. She took the boy to state clinics, demanding free care. When she was refused, she only gave her son painkillers for a week, so her leg had to be amputated.
At current exchange rates, Hetty’s net worth was $2 billion, most of which went to her son after her death. However, he did not have his mother’s talents and, in a short time, completely squandered the inheritance.

Tags: Investors and Entrepreneurs
0
Previous Post Toshiba Corporation and its place in the global market Next Post Poland's public debt to drop in 2023

You Might Also Like

Pavel Durov
Investors and Entrepreneurs
Programmer and businessman Pavel Durov: the story of the founding of VKontakte
24.07.2022
Troy McClain
Investors and Entrepreneurs
Troy McClain: the story of the founder of The McClain Company
20.03.2024
Elaine Marshall USA
Investors and Entrepreneurs
Elaine Marshall: biography of one of the wealthiest women in the USA
18.01.2025
Ingvar Kamprad
Investors and Entrepreneurs
Ingvar Kamprad: biography of the founder of the famous IKEA store chain
06.04.2021
Andy Bechtolsheim
Investors and Entrepreneurs
Andy Bechtolsheim: one of Google’s first investors
21.04.2024
Rosalind Brewer
Investors and Entrepreneurs
Rosalind Brewer: one of the most prominent women in business
01.02.2024

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics