George Peabody Biography, Age, Weight, Height, Friend, Like, Affairs, Favourite, Birthdate & Other

George Peabody was an American-British entrepreneur and philanthropist often referred to as the father of modern philanthropy for his relentless commitment towards giving back to the society. Equally well-known and respected both in the United States and Britain, he established several charitable initiatives including the Peabody Trust, the Peabody Institute and George Peabody Library. Born into a large family in Massachusetts, he endured a lot of hardships during his boyhood.

Hailing from a family of modest means, he could not receive much formal education and was apprenticed at the age of 11 to the owner of a general store. His early struggles taught him to be hard working, determined and thrifty with money. He was an intelligent boy and learned the basics of conducting business pretty quickly. Within a few years of completing his apprenticeship he became a partner in a wholesale dry goods business and was very successful.

Eventually he ventured into a much lucrative career as a merchant banker and before long amassed a great fortune. As he neared his retirement, he decided to give away a vast portion of his personal wealth to charitable causes. It is estimated that he gave over $8 million of his fortunes to philanthropic causes, especially those concerning education as it was something which he himself had been deprived of as a young boy.