He was also a pioneer in the use of modern accounting methods and the introduction of the factory system. His success in business enabled him to amass a fortune of $2.5 million, making him one of the wealthiest people in England at the time.
Samuel Greg was an English entrepreneur and owner of the Quarry Bank Mill textile company who lived in the late 18th and early 19th centuries. He was a pioneer in the use of modern accounting methods and the introduction of the factory system, and was one of the first factory owners to institute the industrial use of steam power and the water wheel. His success in business enabled him to amass a fortune of $2.5 million, making him one of the wealthiest people in England at the time.
Samuel Greg is a member of Entrepreneur
Age, Biography and Wiki
💰 Net worth: $2.5 Million (2024)
Samuel Greg, a renowned entrepreneur hailing from Northern Ireland, is anticipated to have a net worth estimated at $2.5 million in the year 2024. Greg has made a significant impact in the business world with his exceptional entrepreneurial skills and successful ventures. His wealth accumulation reflects his remarkable achievements and entrepreneurial endeavors. Considered a prominent figure in Northern Ireland, Samuel Greg continues to inspire aspiring entrepreneurs with his achievements and serves as an inspiration to those seeking success in the business industry.
About
This late 18th and early 19th-century English entrepreneur and owner of the Quarry Bank Mill textile company was one of the first factory owners to institute the industrial use of steam power and the water wheel.
Before Fame
A native of Belfast, Northern Ireland, he relocated to England shortly after his eighth birthday and was raised by his wealthy merchant uncle, Robert Hyde. Greg took over the Quarry Bank Mill in the 1780s.
Trivia
In the early 1830s, after suffering a near-fatal injury from a run-in with a stag on the grounds of his factory, he retired from the textile business.
Family Life
His marriage to fellow Unitarian Hannah Lightbody resulted in a total of thirteen children.
Associated With
He was a contemporary of spinning mule inventor and fellow textiles entrepreneur Samuel Crompton.
