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Paul Tulane (May, 1801 – March 27, 1887), an American philanthropist, was born near Princeton, New Jersey, son of a French immigrant. He received a common school education, and in 1818 he went to New Orleans, opened a store for general merchandise, and by 1828 he had amassed a fortune of over $150,000. This business he continued to carry on for nearly 40 years, engaging at the same time in cotton and real estate speculations, and in 1857 he retired with a large fortune. About this time he bought the Stockton place at Princeton, where he subsequently resided.
For many years he gave liberally to the charitable institutions of Princeton and New Orleans. In 1822 he gave to the city of New Orleans real estate, which with subsequent gifts aggregated $1,100,000, intending to add about $1,000,000 to the amount, but dying intestate, it fell to his heirs. This gift was used to found Tulane University. He died near Princeton, New Jersey.
References
- Text incorporated from Collier's New Encyclopedia (1921).
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