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1.2: Chapter 1 What is Parallel Entrepreneurship? - Business LibreTexts

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Cornelius Vanderbilt became famous as a railroad tycoon, but he built his first fortune in shipping. He owned both shipping and railroad companies until the age of 70, when he sold his last ship and focused solely on railroads.

What Is Parallel Entrepreneurship? Meet Cornelius Vanderbilt YOU CAN'T GET MORE PARALLEL than railroad tracks. Cornelius Vanderbilt became famous as a railroad tycoon, but he built his first fortune in shipping. He owned both shipping and railroad companies until the age of 70, when he sold his last ship and focused solely on railroads. Born poor, he quit school at age 11 and became the wealthiest person in all of American history. His fortune in today's money would be over $220 billion dollars. That's more than Bill Gates, Mark Zuckerberg, and Warren Buffett combined. His first business was a

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