Thomas Edison was a notable inventor who has invented the incandescent electric bulb and whose innovation has still been a memorable history in the world. Along with the invention of the electric bulb, Edison has also invented the phonograph. Thomas Edison’s other notable invention are the sound recording, electric light, and other power utilities. Thomas Edison is best-known for his universal stock ticker as well. Therefore, let’s find out more about Thomas Edison’s net worth.
Thomas Edison was born on 11 February 1847 in Ohio in the United States, and Edison died on 18 October 1931 in New Jersey in the United States. Edison was born to mother Nancy Matthews Elliott and father Samuel Ogden Edison. Edison’s father Samuel Ogden Edison was a political fighter during the World War II. Edison’s mother Nancy Mathews Eliot was a school teacher by profession.
Thomas Edison grew up with his six other siblings. On the hand, Edison was the youngest of all his siblings. Edison’s mother played a significant role in his life and had encouraged him in taking major and bold decisions in life with a fearless attitude. It was Edison’s mother who has been a real inspiration for him in the near future where he became an established savvy businessman and a remarkable inventor as well.
At an early age, Edison was aided with a hearing problem and was nearly half deaf for a long span of time. Edison faced a tragic incident while traveling on the train where he injured his ears and lost his hearing power. Edison did his schooling from the ‘Public School.’ Edison was a difficult child to handle in school, and thus his mother took him out from the school and taught him at home only. Later, he did his education from ‘The Cooper Union.’
Thomas Edison’s first creation was a stock ticker, and this gave him an opportunity to begin his solo career as an inventor. The invention of the electric bulb was the biggest success in Edison’s life, and with this, he got an excellent offer from the Gold and Stock Telegraph Company where they offer to pay him $40,000 to own the right.
Next Edison invented the electric vote recorder in 1969.
A few years later, Edison relocated to New Jersey where he established and created his own small laboratory to carry out his work in private.
With the establishment of the new laboratory, Edison invented a series of new innovation such as the ‘Carbon Telephone Transmitter,’ ‘Automatic Telegraph Systems,’ ‘Electric Motor,’ and various other notable inventions with immense success and achievements.
In 1877, Edison made the invention of the Phonograph.
In the same year, Edison developed the carbon microphones which is used in the telephones.
Eventually over the years of utmost experiments and passion for invention, Edison, by virtue of his creative mind and knowledge, invented multi-series innovations such as the ‘Magnetic Ore Separator’, ‘Motion Picture Camera’, ‘Motograph’, ‘Paraffin Paper’, ‘Steel Alkaline’, and various other creative invention which was highly useful for the mass widely.
Awards and Achievements
Edison was honored with multiple honors and privileges. He was given a series of medal for his dynamic invention. Thus, he was honored with the ‘Officer of the Legion of Honor.’
Edison was also felicitated with the ‘Congressional Gold Medal.’
Other notable medals include the ‘Franklin Medal,’ ‘Edison Medal,’ Edward Longstreth Medal, and various others.
Net Worth of Thomas Edison
Thus, Thomas Edison was an ingenious businessman and inventor who has used his creativity and ideas to give the world innumerable beautiful creation. Therefore, the total net worth of Thomas Edison at the time of his death was $12 million approximately.
Therefore, Edison was a noteworthy businessman and also a dynamic inventor who has contributed to the mass communication significantly to a large extent.