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
John Jacob Astor, 1st Baron Astor of Hever son Gavin took over. In 1966, "The Times" was sold to Canadian newspaper tycoon, Roy Thomson. Astor served as the first chairman of the General Council of the Press, which was established in 1953. He resigned from the position in April 1955 due to ill-health. In addition to his newspaper business, John Jacob V served in politics, as Alderman of the London County Council between 1922 and 1925, and in the Parliament of the United Kingdom for 23 years as Unionist Member of Parliament (MP) for Dover from 1922 to 1945. On 21 January 1956 he was created Baron Astor