(b Hartford, Conn., 17 Apr. 1837; d Rome, 31 Mar. 1913).
American financier, industrialist, and art collector. The son of a financier and head of one of the most powerful banking houses in the world, Morgan used his personal fortune to spend lavishly on works of art. His main collecting interests were manuscripts and rare books and in 1924 his son, also J.PierpontMorgan (1867–1943), endowed the Pierpont Morgan Library in New York as a research institute and museum in his memory. In 2006 it re-opened following a major expansion, designed by Renzo Piano (see Pompidou Centre), and changed its name to Morgan Library & Museum. It has superb collections of illuminated manuscripts and Old Master drawings and also contains stained glass, sculpture, and metalwork. The Metropolitan Museum in New York also received an important bequest from the elder Morgan, who was chairman of its governing board for many years.
Subjects: Art — Management and Management Techniques.