John of Gaunt (John Plantagenet, 1st Duke of Lancaster, 1st Duke of Aquitaine, 6 March 1340 – 3 February 1399) was a member of the House of Plantagenet, who ruled England for over 300 years.[1] Gaunt was the third surviving son of Edward III and Philippa of Hainault. He was the father of Henry IV.[2]
Gaunt was a younger brother of Edward, the Black Prince. He had great influence over the English throne during the childhood of his nephew, Richard II, and during the ensuing periods of political strife. He is not thought to have been an opponent of the king.
John fathered five children outside marriage, one early in life by a lady-in-waiting to his mother, and four by Katherine Swynford, Gaunt's long-term mistress and third wife. These were surnamed Beaufort (after a former French possession of the Duke). The Beaufort children, three sons and a daughter, were legitimised by royal and papal decrees after John and Katherine married in 1396. Their half-brother Henry IV added a later proviso that they were barred from inheriting the throne.
When John of Gaunt died in 1399, his estates and titles were declared forfeit to the crown as King Richard II named Hereford a traitor and commuted his sentence to exile for life.[3] Henry Bolingbroke returned from exile to reclaim his inheritance and depose Richard. Bolingbroke then reigned as King Henry IV of England (1399–1413), the first of the descendants of John of Gaunt to hold the throne of England.
Due to some generous land grants, John was not only one of the richest men in his era, but also one of the wealthiest men to have ever lived. Taking into account inflation rates, John was worth a modern equivalent of $110 billion, making him the sixteenth richest man in history.[4]