He was reared by his mother at Armsmear, a palatial estate Samuel Colt had built his wife, on his South Meadows property near Hartford. Caldwell Colt was an able yachtsman, owner of the Dauntless which he raced against other ships near his vacation resort in Florida. Caldwell Colt showed little interest in the Colt Armory or any other business, although he did engage in Florida real estate development.
Fortune: 7,500,000 $ 1875
Main property: Colt Patent Firearms Manufacturing Co
Other activities: real estate development
Associated properties: Florida real estate