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How wealthy was John Sutter by 1852 after gold was discovered on his land 4 years earlier?

Question #150853. Asked by BigTriviaDawg.
Last updated Mar 24 2024.
Originally posted Mar 24 2024 8:00 PM.

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psnz star
Answer has 1 vote
psnz star
4 year member
779 replies avatar

Answer has 1 vote.
Not wealthy at all! Just four years after the gold discovery, Sutter found himself bankrupt.

John Sutter (1808-1880) was born in Europe. Later as an American citizen he established what eventually became Sutter's Mill on the Sacramento River. The discovery of gold there in 1848 led to the California Gold Rush. Unfortunately for John Sutter his business ventures failed during this time.

link https://en.wikipedia.org/wiki/John_Sutter

Response last updated by psnz on Mar 24 2024.
Mar 24 2024, 8:01 PM
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