Excerpts from the Astor Estate

With the death of John Jacob Astor IV in April 1912, the Astor Estate transferred control of the modern equivalent of several billion dollars to Vincent Astor, then a 20 year old Harvard Student. His uncle, James (Rosy) Roosevelt Roosevelt was a Trustee of the Estate. Franklin D. Roosevelt also acted as an attorney for other Astor relatives. Franklin D. Roosevelt, Papers Pertaining to Family, Business and Personal Affairs, 1882-1945, FDR Library.