Of course, Allan wasn't a self-made man.
His mercantile business, Ellis & Allan, did moderately well, though they lost substantial money when they tried to open an overseas branch in England (generally, Poe's five years growing up in England, from age 6 to 11, are shockingly ignored by people trying to determine or replicate his accent). Shortly after, by mutual consent, Ellis & Allan disbanded. So where did Allan's money come from?
Allan really hit it big when William Galt died on March 26, 1825. The Allans, unable to afford their own home, were living charitably in a house owned by "Uncle" William at the time. John Allan, William Galt, and adopted son James Galt were having tea and pancakes that day when, as Allan wrote, "suddenly [William Galt] threw back his head & eyes and seemed oppressed." Galt was dead.
He was also the wealthiest man in Virginia at the time. His home was on 15 square miles of land and he owned real estate in Richmond and Lynchburg, plantations throughout Virginia, sawmills, stock in the Bank of Virginia, and hundreds of slaves.
To John Allan, Galt left in his will about 4,040 acres of land — an estate estimated at $750,000. Almost immediately, Allan purchased a new home: a two-story brick structure with wraparound porches, situated at the top of a hill and commanding tremendous views of the city. Inside, a mirrored ballroom with a hand-carved mantel, a wide mahogany stairway, and an octagonal dining room were fitted with the expensive and extravagant furniture, decor, and artwork. The house was valued at $14,950 (about a quarter million dollars today), located at Fifth and Main Streets — the Moldavia estate would likely inspire "The Fall of the House of Usher." It is no longer standing and only a couple images (including the one at right) are known to exist. Edgar Poe was 16 years old at the time.
John Allan never had to worry about money again. In the years that followed, the struggling Poe would beg for money from his "Pa." Allan only occasionally complied and, almost always, offered less than Poe requested. He was such a scrooge, in fact, he often responded to Poe's letters by flipping them over and writing on the back (as if he couldn't afford his own sheet?). When he died, he excluded his foster-son in his will. But, more on that another time.