James Cash Penney Birthday & Fun Facts

Height, Age, Net Worth, Biography & More

Adekunle Olanrewaju Jason
Jan 31, 2024 By Adekunle Olanrewaju Jason
Originally Published on Jun 04, 2022
Edited by Shadiya Ahammad
Fact-checked by Dimple Panchal
In this article, we will learn about the entrepreneur James Cash Penney.
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All ages
Read time: 2.7 Min

About James Cash Penney

James Cash Penney is an American businessman and entrepreneur who was born in Hamilton, Missouri.

In 1902, he started the J.C. Penney Store. He wanted to attend college from a young age to become a lawyer.

James Cash Penney Jr. was obliged to work as a shop clerk to help maintain the family during his early life. Because of his tuberculosis, Penney moved west to Longmont, Colorado.

James Cash Penney Net Worth, Earnings & Spending Habits

What was James Cash Penney’s net worth?

James Cash Penney was an American businessman and entrepreneur from Hamilton, Missouri, U.S. He had an estimated net worth of $5 million.

Height, Age & Physical Attributes

How old was James Cash Penney?

James Cash Penney was 95-year-old when he passed away. He was born on September 16, 1875. He died on February 12, 1971.

Childhood And Education

J. C. Penney was born as James Cash Penny Jr. on a farm outside of Hamilton, Caldwell County, Missouri.

Penney planned to attend college after graduating from Hamilton High School with the goal of becoming a lawyer. His father's unexpected death, however, prompted a change in plans.

Family, Romance, And Relationships

Who was James Cash Penney's family?

James was born in September 1875 to James Cash Penney and Mary Frances Penney.

Who was James Cash Penney’s partner?

James Cash Penney had three marriages. His first marriage was to Bertha Alva. Before her death from illness, the couple has two sons, Roswell Kemper Penney and James Cash Penney III.

He married Mary Hortense Kimball in July 1919. Before she died of unclear medical complications, Mary gave birth to their son. He was named Kimball Penney.

In 1926, James married Caroline Marie Autenrieth. The couple had two daughters together. They are Mary Frances Penney and Carol Marie Penney.

Career And Professional Highlights

Best Known For...

In 1898, James Cash Penney started working for the Golden Rule stores. Pleased by his work ethic, proprietors Guy Johnson and Thomas Callahan gave him a one-third stake in a new shop he planned to operate.

When Callahan and Johnson broke up their partnership in 1907, Penney bought out their entire stake.

He relocated the firm to the Kearns Building in Salt Lake City, Utah, in 1913. The business was renamed J. C. Penney Stores.

The entrepreneur started expanding the network in 1916. The Penney firm grew in the '20s.

When the stock market crashed in 1929, and the Great Depression struck, much of this labor came to a standstill.

Penney lost practically all of his money during the crisis. The financial difficulties had a negative impact on his health.

Penney served on the board of directors until 1946. He then served as honorary chairman until he died in 1971.

Charity Work

In 1954, Penney established the James C. Penney Foundation. The Penney Family Fund was established in 1999. The fund supports human rights, social, political, and economic empowerment, government accountability, and environmental sustainability.

Penney joined up with the University of Missouri to create an award in 1960. The award intends to recognize journalism.

Other Interesting James Cash Penney Facts And Trivia

  • James died in February 1971 in New York.
  • Penney resided in New York City during the summers and in Palm Springs during the winters.
  • In 1970, Penney suffered from a heart attack a few weeks later and never completely recovered. On February 12, 1971, he passed away.
    We would love your help! If you have a photo of James Cash Penny, either of them alone or a selfie that you would be happy to share, please send it to hello@kidadl.com.
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James Cash Penney Birthday & Fun Facts Facts

Birth Name

James Cash Penney Jr.

Date of Birth

1875-09-15

Date of Death

1971-02-11

Nationality

American

Place of Birth

Hamilton

Occupation

Businessman, Entrepreneur

Education

Hamilton High School

Net Worth

5000000

Partner

Caroline Marie Autenrieth
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Written by Adekunle Olanrewaju Jason

Bachelor of Science specializing in Mass Communication.

Adekunle Olanrewaju Jason picture

Adekunle Olanrewaju JasonBachelor of Science specializing in Mass Communication.

With over 3+ years of professional experience, Olanrewaju is a certified SEO Specialist and Content Writer. He holds a BSc in Mass Communication from the University of Lagos. Throughout his dynamic career, Olanrewaju has successfully taken on various roles with startups and established organizations. He has served as a Technical Writer, Blogger, SEO Specialist, Social Media Manager, and Digital Marketing Manager. Known for his hardworking nature and insightful approach, Olanrewaju is dedicated to continuous learning and improvement.
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