Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), also known informally as "Commodore Vanderbilt", was an American business magnate and philanthropist who built his wealth in railroads and shipping. Born poor and with but a mediocre education, his luck, perseverance and intelligence led into leadership positions in the inland water trade, and the rapidly growing railroad industry. He is best known for building the New York Central Railroad.