37 Facts About Hetty Green

Early Life and Background

Hetty Green, born Henrietta Howland Robinson, was an American businesswoman known for her frugality and financial acumen. Her life is filled with fascinating details that paint a vivid picture of her character and achievements.

1. Born on November 21, 1834, in New Bedford, Massachusetts, Hetty was the daughter of a wealthy Quaker family.
2. Her father, Edward Mott Robinson, was a successful whaling merchant, which contributed to the family's wealth.
3. Hetty's mother, Abby Howland, came from a prominent family with a long history in the shipping industry.
4. At the age of two, Hetty was already reading financial newspapers to her grandfather, who was visually impaired.
5. She attended Eliza Wing's Friends Academy in New Bedford, where she received a basic education.

Financial Genius

Hetty Green's financial prowess became evident early in her life. Her ability to manage and grow her wealth was unparalleled during her time.

6. By the age of 13, Hetty was managing the family accounts.
7. She inherited $7.5 million from her father and aunt, which she used as a foundation for her investments.
8. Hetty invested heavily in real estate, bonds, and railroads, which were booming industries in the 19th century.
9. She was known for her conservative investment strategy, focusing on long-term gains rather than quick profits.
10. Hetty's net worth was estimated to be around $100 million at the time of her death, equivalent to over $2 billion today.

Frugality and Lifestyle

Despite her immense wealth, Hetty Green was notorious for her extreme frugality. Her lifestyle choices often made headlines and contributed to her nickname, "The Witch of Wall Street."

11. Hetty wore the same black dress every day, only replacing it when it was completely worn out.
12. She lived in cheap boarding houses rather than owning a luxurious home.
13. Hetty refused to pay for medical treatment for her son, resulting in the amputation of his leg.
14. She often ate cold oatmeal to save on heating costs.
15. Hetty carried her own lunch to work, typically consisting of graham crackers and milk.

Legal Battles and Controversies

Hetty Green's life was not without its share of legal battles and controversies. Her aggressive business tactics often led to disputes and court cases.

16. She was involved in a lengthy legal battle over her aunt's will, which she eventually won.
17. Hetty was accused of forgery in the case, but the charges were never proven.
18. She often used her wealth to influence court decisions in her favor.
19. Hetty was known for her ruthless tactics in business, including foreclosing on properties during economic downturns.
20. Despite her controversies, she was respected for her financial acumen and ability to navigate the male-dominated world of finance.

Personal Life and Relationships

Hetty Green's personal life was as intriguing as her financial career. Her relationships with family and friends were complex and often strained.

21. Hetty married Edward Henry Green in 1867, a wealthy businessman from Vermont.
22. The couple had two children, Ned and Sylvia.
23. Hetty's frugality extended to her family life, often causing tension with her husband and children.
24. Despite their differences, Hetty and Edward remained married until his death in 1902.
25. Hetty was known to be a loving mother, despite her strict financial discipline.

Legacy and Impact

Hetty Green's legacy extends beyond her financial success. She left a lasting impact on the world of finance and continues to be a subject of fascination.

26. Hetty was the first woman to make a significant impact on Wall Street.
27. She was inducted into the National Women's Hall of Fame in 2001.
28. Hetty's investment strategies are still studied by financial experts today.
29. She inspired the character of Ebenezer Scrooge in Charles Dickens' "A Christmas Carol."
30. Hetty's life story has been the subject of numerous books and documentaries.

Interesting Anecdotes

Hetty Green's life is filled with interesting anecdotes that highlight her unique personality and approach to life.

31. She once refused to pay for a doctor to treat her son's broken leg, leading to its amputation.
32. Hetty carried her securities in a satchel, always ready to make a deal.
33. She once hid in her office to avoid paying a $200 hospital bill.
34. Hetty was known to sleep in her office to save on rent.
35. She once bought a whole bakery to get a discount on bread.

Death and Aftermath

Hetty Green's death marked the end of an era, but her influence continued to be felt long after she was gone.

36. Hetty died on July 3, 1916, at the age of 81.
37. Her estate was divided between her two children, who continued to manage and grow the family fortune.

Hetty Green's Legacy

Hetty Green, known as the "Witch of Wall Street," left an indelible mark on American finance. Her frugality and shrewd investments made her one of the wealthiest women of her time. Despite her eccentricities, Green's financial acumen was undeniable. She navigated the male-dominated world of Wall Street with unparalleled skill, amassing a fortune that rivaled the titans of her era.

Her story is a testament to the power of determination and intelligence. Green's legacy continues to inspire those who seek financial independence and success. Her life serves as a reminder that unconventional paths can lead to extraordinary outcomes. Whether admired or criticized, Hetty Green's impact on the financial world remains significant. Her journey from modest beginnings to immense wealth showcases the potential within each individual to shape their destiny.