Ia wafat di Kastil Willersley, puri yang dibangunnya dengan pemandangan ke arah pabrik pemintalan Cromford, pada 3 Agustus 1792 pada usia 59 meninggalkan harta senilai £500.000. The biggest weakness of the initial design was that it was too large to be operated by hand or by a single worker. Tahun 1769 ia mempatenkan mesin water frame, mesin yang menghasilkan pintalan kencang, menggunakan kayu dan silinder logam menggantika jari-jari manusia. Tahun 1771 kongsi membangun pabrik pemintalan tenaga air pertama di dunia di Cromford yang memiliki tenaga air dan bukan pengikut gereja. He bought out all his partners and went on to build factories at Manchester, Matlock Bath, New Lanark (in partnership with David Dale) and elsewhere. Tahun 1756 Patience wafat oleh sebab yang tidak diketahui. Richard's parents, Sarah and Thomas, could not afford to send him to school and instead arranged for him to be taught to read and write by his cousin Ellen. Setelah kematian istri pertamanya ia menjadi wiraswasta. At the same time, the high level of quality was more consistent.

There is a small plaque above the door of the building that replaced it, recording Arkwright's occupancy.

He had no desire to follow his father’s footsteps as a tailor. Sir Richard Arkwright (lahir di Preston, Lancashire, 23 Desember 1732 – meninggal di Cromford, Derbyshire, 3 Agustus 1792 pada umur 59 tahun), adalah seorang Inggris yang, meskipun patennya tidak diakui, sering dihargai sebagai penemu mesin pemintal (spinning frame yang kemudian dinamakan ulang water frame) dan mesin pemintal tenaga air setelah melalui perubahan ke tenaga air. Arkwright saw a gold mine in this invention, and how right he was. After establishing the mill at Cromford, Arkwright returned to Lancashire and took up a lease of the Birkacre mill at Chorley, which was to become a catalyst for the town's growth into one of the most important industrialised towns of the Industrial Revolution. Arkwright married his first wife, Patience Holt, in 1755. They first started experimenting with horses.
The yarn then went through spindles to produce a fabric that was far more compact, stretchable, and stronger than ever before. Richard Arkwright was born into a large family. After working with Spinning Frames, he saw the opportunity to move into the textile industry.
As the output numbers grew, the costs of textiles began to decrease. In this way it is reduced in thickness and increased in length before a strengthening twist is added by a bobbin-and-flyer mechanism. This efficiency in manufacturing meant that skilled workers were no longer required. Mereka memiliki putra Richard Arkwright Junior pada tahun itu juga. To strengthen his position in relation to his many competitors and emulators, Arkwright obtained a "grand patent" in 1775, which he hoped would consolidate his position within the fast-growing cotton industry. It could make cotton thread thin and strong enough for the warp threads of cloth. Patience was the daughter of a schoolmaster. Although he did not possess the same engineering skills as other innovators during that time, he did have a strong instinct for business opportunities. Much of this was due to the extreme poverty of the times. Ayahnya Thomas adalah seorang penjahit baju dan seorang burgess Preston Guild.


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