John Adams Morgan is an American business mogul who is known for his success in the business world. He is the founder and chairman of security firm Morgan Joseph TriArtisan LLC. Besides that, John Adams Morgan is also a former American sailor. He has competed in the 1952 Summer Olympics, where he won the gold medal in the six-meter class.
John Morgan is considered one of the wealthiest businessmen in America. He is also a descendant of former U.S. president John Adams. In addition, John Adams Morgan is also known for being the ex-husband of famous television star Sonja Tremont. She is popular for her role in the reality television series Real Housewives of New York. The pair made headlines due to the age gap between them.
So, let's go through John Adams Morgan's biography and get to know him better.
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Early Life And Family
The businessman John Adams Morgan was born on September 17, 1930, in Oyster Bay, New York. His family has been part of the finance and business world for a long time. Morgan's great-grandfather J.P. Morgan was the founder of J.P. Morgan & Co. Later on, his grandfather John Pierpont Morgan Jr. inherited the company. Moreover, John Morgan's father, Henry Sturgis Morgan, gave continuity to the family business. He co-founded the multinational investment bank, Morgan Stanley.
John Adams Morgan's mother, Catherine Frances Lovering Adams, also came from a well-known family. Her parents Frances Lovering and Charles Francis Adams III, were the U.S. Secretary of the Navy. Thus, from his maternal side, John Adams Morgan is the descendant of former U.S. presidents John Adams and John Quincy Adams.
The businessman completed his education at Groton School in 1949. After that, he attended Yale University to continue his studies. During his university days, John Adams Morgan competed in racing yachts in the 1952 Summer Olympics in Helsinki. He earned a gold medal in the 6-meter class. Morgan graduated in 1953 with a Bachelor of Arts degree.
John Adams Morgan Net Worth And Career
John Adams Morgan has made his name on the list of successful business people. He has gained both fame and wealth from his career. John Adams Morgan's income mainly comprises his earnings from his business career. However, it also includes his family inheritances. Besides that, John Morgan has also received his share from other business investments.
According to Celebrity Net Worth, John Adams Morgan's net worth is $100 million. Despite the estimation, John's financial status has also been affected by his constant divorce settlements. His earnings also go to child support for his children.
Earnings From Business Career
John Adams Morgan was born into a family involved in business, and it was sure he would also move forward in this direction. So, after graduation, Morgan started working at an investment and merchant banking firm Dominick & Dominick. He worked there for ten years, from 1956 to 1966. Moreover, John also became a partner in the firm.
After that, John Adams Morgan joined the financial corporation Smith Barney in 1966. He worked as a senior vice president in the corporate finance department of the company. In addition, John was also a member of the executive committee and a director of Smith Barney International Inc. He worked there for sixteen years.
The business tycoon established his first firm Morgan Lewis Githens & Ahn, Inc, in 1982. It was a retail and brokerage firm. The firm got its biggest deal in 1985 with the Olin Corporation, an American manufacturer of ammunition, chlorine, and sodium hydroxide. It also assisted $450 million cash with the accession of Service America Corp. from Alleco Inc.
The brokerage firm and John Morgan's broker-dealer license were acquired by an investment group MLGA Holdings, in 2001. After that, John worked with Fred Joseph, the former president of the investment bank, and opened a new Morgan Joseph LLC company in 2002. It was created with the vision of creating business plans for mid-size companies. John Morgan was the chairman of his new firm.
John Adams Morgan began his career as a partner in Smith Barney. Photo Source: Social Media.
Morgan Joseph LLC worked to create business plans that yield high profits in an average investment. It hired investment bankers who were let go due to the fall of stock markets by investment companies. Furthermore, the firm gave financial advice, proposed mergings, acquisitions, and initial public offerings (IPO). The company merged with Tri-Artisan Partners LLC in 2010 and became Morgan Joseph TriArtisan Group, Inc.
The company was registered as a brokerage firm in 2011 after the investment of Apollo Global Management. After the registration, Morgan Tri-Artisan Group, Inc has started working as a broker-dealer, receiving transaction fees in return for marketing securities to investors. The company was successful financially. As a chairman, John Adams Morgan's net worth might have increased throughout his career.
Income From Other Companies
Besides his own firm, John Adams Morgan was also involved in other companies throughout the years. He was a director of Upham & Co., Inc. in 1969. In addition, John also worked as a director in TriMas Corporation between 1989 and 1998. He again worked as a director in Metaldyne from 1984 till 2000.
At present, John Adams Morgan has been serving as a director of Furnishings International Inc since 2001. In addition, he also works as a trustee member of the Provident Loan Society of New York. Besides that, John is a director of the Morgan Library & Museum. He has worked in many companies and gained experience. As a result, John Adams Morgan's income is also benefited by his works.
John Adams Morgan Assets
The business mogul owns many luxurious mansions and expensive vehicles. He is also the owner of a private island Caritas Island located in Stamford, Connecticut. It is connected to the mainland by a gated, private bridge. Moreover, the island has secluded beaches, gardens, a 55-foot lap pool, and a tennis court. It also has a helipad.
Caritas island also houses the English-style manor, which covers 17,000 square feet of the island. It contains twelve bedrooms, eight fireplaces, and several formal rooms and offices. In addition, it is also equipped with its own four-car garage, workshop, and library.
John Adams Morgan's island is both beautiful and expensive. It is listed in sale for $14.5 million as of June 2021.
John Adams Morgan Has Married Multiple Times
The tycoon is also famous for his relationships alongside his business career. Sadly, Morgan couldn't have a successful marital life, unlike his business. He was first married to Elizabeth Robbins Choate in 1953. They were married for four years before separating in 1957. John Adams Morgan's son John Adams Morgan Jr. was born from his first marriage.
John Adams Morgan's second wife, Tania Goss, was an alumna of the Ethel Walker School and Vassar College. The duo was married in 1962 and had a son Chauncey Goss Morgan. After the divorce, the former athlete married for the third time in 1992. John Morgan's third wife, Anne Chute, didn't have any children during their time together.
After three failed marriages, John Adams Morgan was tired of romantic relationships. But, his perception changed after his encounter with the American personality Sonja Tremont. Morgan met Sonja in an Italian restaurant in New York, where she worked as a hostess. At that time, the pair didn't have any interaction. They only got more familiar after the reunion in Aspen.
John Adams Morgan has a daughter Quincy Adams Morgan with his fourth wife Sonja Tremont. Photo Source: Quincy Morgan Instagram.
John Adams Morgan asked Sonja Tremont out for dinner on their second encounter. He was persuasive and didn't give up until Sonja agreed. On their rendezvous, John proposed marriage to Sonja. After that, the duo dated for few months and got married in 1998. Moreover, John Adams Morgan's wife Sonja Tremont Morgan gave birth to Quincy Adams Morgan in October 2000.
Heavy Divorce Settlement
John Adams Morgan's fourth marriage received much attention from the public. Many people questioned the intentions of John Morgan's wife, Sonja Tremont, for marrying a much older guy. Still, the couple didn't hesitate to show their affection and bond. They also appeared in red carpets and business gatherings together. Unfortunately, despite their love for each other, the duo split in 2006.
After the divorce, John Adams Morgan's ex-wife Sonja Tremont struggled financially and even filed for bankruptcy in 2010. At that time, she had just made her debut in the entertainment industry from the reality show The Real Housewives Of New York. Tremont reported $19.8 million in debts.
Furthermore, the reality television star also accused her ex-husband John Adams Morgan of not paying a $3 million divorce settlement and $300 thousand child support. However, the business tycoon denied the accusation and stated he made the payment as per agreement. Later the ex-couple solved their feud. Moreover, John Adams Morgan's ex-spouse Sonja Tremont has paid her debts and is prospering more in her career.
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John Adams Morgan also got married for the fifth time to Connie H. Morgan in 2010.
Trivia and Facts
- John Adams Morgan is 33 years older than his ex-wife Sonja Tremont.
- He is not present on any social media.
