Belcourt
Oliver received a huge inheritance when his father died in 1890. Oliver was a bachelor at the time of his father's death and decided to build a summer house in Newport. Richard Morris Hunt was the architect for Oliver's Newport mansion, Belcourt Castle. Belmont designed Belcourt as he pleased. Hunt was hesitant with the design of Belcourt, but he concentrated on his guiding principle that it was his client's money he was spending. The entire first floor was composed of a multitude of stables for Belmont's prized horses. The monumental Gothic rooms with their huge stained-glass windows were emblazoned with the Belmont coat of arms.
On January 11, 1896 Belmont married Alva Vanderbilt, the ex-wife of William Kissam Vanderbilt.
Belmont was at one time a member of the banking firm of August Belmont and Co., New York City. He became publisher of the Verdict, a weekly paper.
Belmont served as delegate to the Democratic National Convention in 1900, and was elected as a Democrat from New York's 13th District to the Fifty-seventh Congress (March 4, 1901-March 3, 1903). He was not a candidate for renomination in 1902.
Oliver Belmont died on June 10, 1908 at his Brookholt estate in East Meadow, New York. He was interred in the Woodlawn Cemetery in The Bronx. His mausoleum, designed by Richard Morris Hunt, is an exact replica of the Chapel of St. Hubert at Château d'Amboise in France.
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