Cornelius Vanderbilt was an American business magnate who built his wealth in railroads and shipping. After working with his father's business, Vanderbilt worked his way into leadership positions in the inland water trade and invested in the rapidly growing railroad industry.

Why did they call Vanderbilt the Commodore?

Why did they call him, "The Commodore?" Because he ships goods. ... Vanderbilt bought the stock and gained control of the railroad. Vanderbilt wanted to advertise his power as a railroad magnate.

How did Commodore Vanderbilt make his money?

Cornelius Vanderbilt: Steamships

Cornelius Vanderbilt initially made his money in the steamships business before investing in railroads. In 1817, Vanderbilt went to work as a ferry captain for a wealthy businessman, Thomas Gibbons, who owned a commercial steamboat service that operated between New Jersey and New York.