Mullanphy was the first millionaire in St. Louis. Born in Ireland, he enlisted the famous Irish Brigade during the French Revoltion. After emigrating to the United States, he opened a trading store in Frankfort, Kentucky. Here he met Charles Gratiot, brother-in-law of Auguste Chouteau (the founder of St. Louis.) Gratiot persuaded Mullanphy to come to St. Louis & he opened another trading store in that city. During the War of 1812, Mullanphy bought a large supply of cotton at low prices. After the war, he shipped cotton to England where it was sold at record high prices. He profited a million dollars which he invested in St. Louis real estate. This became the foundation of the Mullanphy fortune, which was later inherited by his 7 daughters. Much of his later life was spent in philanthropic work.
Mullanphy was the first millionaire in St. Louis. Born in Ireland, he enlisted the famous Irish Brigade during the French Revoltion. After emigrating to the United States, he opened a trading store in Frankfort, Kentucky. Here he met Charles Gratiot, brother-in-law of Auguste Chouteau (the founder of St. Louis.) Gratiot persuaded Mullanphy to come to St. Louis & he opened another trading store in that city. During the War of 1812, Mullanphy bought a large supply of cotton at low prices. After the war, he shipped cotton to England where it was sold at record high prices. He profited a million dollars which he invested in St. Louis real estate. This became the foundation of the Mullanphy fortune, which was later inherited by his 7 daughters. Much of his later life was spent in philanthropic work.
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