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RE: LeoThread 2025-10-27 16-32

in LeoFinance3 days ago

Part 4/12:

His influence in infrastructure development was notably evident in his support for the Illinois Central Railroad extension through Des Moines in 1865. Allen acquired substantial railroad bonds and strategically bought land along proposed lines, profiting handsomely from the city's expansion. As a result, he became Iowa’s first millionaire, with personal fortunes estimated between $4 million and $12 million—an astonishing achievement for a man who had started with nothing.