page_title: Louis Henri, Duke of Bourbon
section_title: Wealth
hierarchical_section_title: Louis Henri, Duke of Bourbon / Wealth
caption_attribution_description: English: Chantilly_sof_porcelain_teapot_1735_1740
context_page_description: Louis Henri de Bourbon, Duke of Bourbon, or Louis Henri I, Prince of Condé, was head of the Bourbon-Condé cadet branch of the France's reigning House of Bourbon from 1710 to his death, and served as prime minister to his kinsman Louis XV from 1723 to 1726.
  Despite succeeding as head of the House of Condé in 1709 as Prince of Condé, he never used that name, preferring the title Duke of Bourbon, and was known at court as Monsieur le Duc. As a member of the reigning House of Bourbon, he was a prince du sang.
context_section_description: Chantilly porcelain was established by the Prince de Condé. During the Regency his several pensions, together with the income from his extensive estates, gave him an income of 1.8 million livres, the historian Bernier, writing in 1984, estimating the livre as equivalent to about $4.50.
  During the Regency he made large amounts of money by speculating in the financial Système (1716–20) of John Law. He bought paper notes, waited for their value to rise, then, before the Système failed in 1720, took them to Law's bank (which had become the national bank) and traded them in for gold. On 3 March 1720, following the example of the Prince de Conti who the day before had gone to Law's bank and withdrawn fourteen million livres in gold in several large carts, Bourbon went to the bank and took away twenty-five million. The bank closed later that year due to lack of reserves. Bourbon made 40 million livres off the Système, or perhaps 20 million. Historian James Breck Perkins says, "he asked enormous advantages in return for the protection he extended [to John Law and his associates], and the unfortunate adventurer [Law] was not in a position to say no to so powerful a nobleman." After the Système went under, "the government compelled some humbler speculators to disgorge their gains, but no one ventured to disturb the head of the house of Condé."
caption: Chantilly sof porcelain teapot 1735-1740
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