He was born in New York City on September 5, 1873 to Cornelius Vanderbilt II and Alice Claypoole Gwynne. He was educated by private tutors at St. Paul's School in Concord, New Hampshire before attending Yale University where he graduated with a Bachelor of Arts degree in 1895. Against his father's wishes, in August 1896 he married Grace Graham Wilson, the youngest child of New York banker Richard Thornton Wilson, Sr. and Melissa Clementine Johnston. Remaining at Yale until 1899, he earned a Bachelor of Philosophy degree and, having a great deal of interest in the mechanical and engineering aspects of his family’s railroad business, he also earned a degree in mechanical engineering.
Upon his father's death in 1899 Neily received only $500,000
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The government of France invested him as a Commander of the Legion of Honor.
Post War LifeEdit
Following the First World War, Vanderbilt and his wife frequently returned to Europe, becoming friends and guests of numerous members of European royalty including former Kaiser Wilhelm II of Germany, and his brother, Prince Henry of Prussia, King Albert I of Belgium, Crown Prince Olav of Norway, Queen Marie of Romania, Reza Pahlavi of Iran, and every British monarch since Queen Victoria.
As with other members of the Vanderbilt family, yachting was one of Neily Vanderbilt's favorite pastimes as an escape from a busy life that included a seat on the Board of Directors of a number of major American corporations. He was a member of the nine member syndicate which built the yacht Reliance for the successful defense of the America's Cup in 1903.[2] He was commodore of the New York Yacht Club from 1906 to 1909. In 1910, he piloted his 65 foot sloop Aurora to victory in the New York Yacht Club's race for the King Edward VII Cup in Newport,