John Jacob Astor IV IV was born on July 13, 1864 at his parents' country estate Ferncliff in Rhinebeck, New York. He was the youngest of five children and only son of businessman, collector, and race horse breeder/owner William Backhouse Astor, Jr. and socialite Caroline Webster "Lina" Schermerhorn. His four elder sisters were Emily, Helen, Charlotte, and Caroline ("Carrie"). He was a great-grandson of fur-trader John Jacob Astor and Sarah Cox Todd, whose fortune made the Astor family one of the wealthiest in the United States. Astor's paternal grandfather William Backhouse Astor, Sr. was a prominent real estate businessman. Through his paternal grandmother, Margaret
William Waldorf Astor in the United States. In 1882, President Chester A. Arthur appointed Astor Minister to Italy, a post he held until 1885. He told Astor, "Go and enjoy yourself, my dear boy." While living in Rome, Astor developed a lifelong passion for art and sculpture. Upon the death of his father in February 1890, Astor inherited a personal fortune that made him the richest man in America. That year, he initiated construction of the luxurious Waldorf Hotel, being built on the site of his former residence. His cousin and rival Colonel John Jacob "Jack" Astor IV (1864–1912) built the adjoining Astoria