He will be SUPER RICH on PURE LUCK (A True Story) The Lord Timothy Dexter Story ~History Documentary

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He will be SUPER RICH on PURE LUCK (A True Story) The Lord Timothy Dexter Story ~ American History Documentary ~

The information below was taken from Wikipedia. (For you guys to know the story)

Timothy Dexter (January 22, 1747 – October 23, 1806) (self-styled Lord Timothy Dexter) was an American businessman noted for his eccentric behavior and writings. He became wealthy through marriage and a series of improbably successful investments, and spent his fortune lavishly. Though barely educated or literate, Dexter considered himself "the greatest philosopher in the Western World", and authored a book, A Pickle for the Knowing Ones, which espouses his views on various topics and became notorious for its unusual misspellings and grammatical errors.

Dexter was born in Malden in the Province of Massachusetts Bay. He had little schooling and dropped out of school to work as a farm laborer at the age of eight. When he was 16, he became a tanner's apprentice. In 1769, he moved to Newburyport, Massachusetts. He married 32-year-old Elizabeth Frothingham, a rich widow, and he then bought a mansion with the money.

At the end of the American Revolutionary War, he purchased large amounts of depreciated Continental currency that was worthless at the time. At the war's end, the U.S. government made good on its notes at one percent of face value, while Massachusetts paid its own notes at par.His investment enabled him to amass a considerable profit. He built two ships and began an export business to the West Indies and Europe.[citation needed]

Being a member of the upper class, Dexter decided to pursue a career in local politics. However, many of those in power were not very keen on allowing someone as uneducated as Dexter to have a position in politics. Eventually, the Malden local government would bestow upon Dexter the position of "Informer of Deer", responsible for alerting the town of nearby deer sightings, despite the fact that there were no deer in Malden at the time.[citation needed]

Because he was largely uneducated, his business sense was considered peculiar. He was advised to send bed warmers—used to heat beds in the cold New England winters—for resale in the West Indies, a tropical area. This advice was a deliberate ploy by rivals to bankrupt him. His ship's captain sold them as ladles to the local molasses industry and made a handsome profit. Next, Dexter sent wool mittens to the same place, where Asian merchants bought them for export to Siberia.

People jokingly told him to "ship coal to Newcastle". Fortuitously, he did so during a Newcastle miners' strike, and his cargo was sold at a premium. On another occasion, practical jokers told him he could make money by shipping gloves to the South Sea Islands. His ships arrived there in time to sell the gloves to Portuguese boats on their way to China.

He exported Bibles to the East Indies and stray cats to Caribbean islands and again made a profit; Eastern missionaries were in need of the Bibles and the Caribbean welcomed a solution to rat infestation. He also hoarded whalebones by mistake, but ended up selling them profitably as corset stays.

While subject to ridicule, Dexter's boasting makes it clear that he understood the value of cornering the market on goods that others did not see as valuable and the utility of "acting the fool".

New England high society snubbed him. Dexter bought a large house in Newburyport from Nathaniel Tracy, a local socialite, and tried to emulate Tracy's prominent mansion. He decorated this house with minarets, a golden eagle on the top of the cupola, a mausoleum for himself, and a garden of 40 wooden statues of famous men, including George Washington, William Pitt, Napoleon Bonaparte, Thomas Jefferson, and himself. The last had the inscription, "I am the first in the East, the first in the West, and the greatest philosopher in the Western World". Dexter also bought an estate in Chester, New Hampshire.

Despite his good fortune, his relationship with his family suffered. He frequently told visitors that his wife (who was actually alive) had died, and that the woman frequenting the building was simply her ghost.[ In one notable episode, Dexter faked his own death to see how people would react, and about 3,000 people attended Dexter's mock wake. When Dexter did not see his wife cry, he revealed the hoax and promptly caned her for not sufficiently mourning his death.
At age 50, Timothy Dexter authored the book A Pickle for the Knowing Ones.

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