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George Peabody biography

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  • PLACE OF DEATH: London, United Kingdom
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Entrepreneur George Peabody used most of his fortune to establish museums, libraries and educational funds. He founded the Peabody Institute.


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George Peabody was born on Feb. 18, 1795, in South Danvers, Massachusetts. He worked in a dry-goods warehouse and by 1829 was a senior partner. In 1837, he moved to London and established a merchant banking house specializing in foreign exchange. A philanthropist, he supported education and establishing museums and libraries. In 1868, his birthplace was renamed Peabody in his honor.

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