Russell Sage

Opposition Representative of New York's 13th district

Representative
New York, district 13
December 5, 1853 - March 3, 1855
Representative
New York, district 13
December 3, 1855 - March 3, 1857

Congresses Served

House Terms

August 4, 1816 (89 years old)

Birthday

July 22, 1906

Death

Was a financier, railroad executive, and politician who became one of the richest Americans of his time.
Frequently partnered with Jay Gould, amassing a significant fortune.
His fortune was inherited by his second wife, Olivia Slocum Sage, who used it for philanthropic purposes, including founding the Russell Sage Foundation and Russell Sage College for women.
Born to a family with connections to construction, railroads, and notable figures including Princess Kay Sage and the Agnelli family.
Started working in the retail and wholesale grocery business before entering politics.
Served as an alderman in Troy, treasurer of Rensselaer County, and as a member of the U.S. House of Representatives, where he advocated for the purchase of Mount Vernon.
Developed the market for stock options in the United States, earning nicknames like “Old Straddle” and the “Father of Puts and Calls.”
Became a prominent financier and railroad executive, involved with several major railroads and financial institutions.
Survived an assassination attempt in 1891 by a man demanding a ransom, which resulted in a lawsuit but no settlement paid by Sage.
Married twice, first to Marie-Henrie Winne with no children, and then to Olivia Slocum, with whom he had a significant age difference and no known children.
Died leaving a fortune estimated at $70 million, which was used by his widow for philanthropic efforts.
His legacy includes the Russell Sage Foundation, Russell Sage College, and contributions to various educational institutions.