- American oil industry business magnate and philanthropist, who is considered to be the wealthiest American of all time by virtually every source, and—largely—the richest person in modern history
Real name: | John Davison Rockefeller Sr. | Born: | 08 July 1839 Comment | When did John D. Rockefeller die? / Died | 23 May 1937 | How many years did John D. Rockefeller live? / Lived | 97 years | Where was John D. Rockefeller born? | Richford, New York, US | Zodiac sign: | Cancer |
John D. Rockefeller Net worth 2024 (estimated)
| How much is John D. Rockefeller worth? | Under review
| Nationality: | American |
Who was John D. Rockefeller? / Facts
- Born in upstate New York, he was shaped by his con man father and religious mother
- His family moved several times before eventually settling in Cleveland, Ohio
- He had various siblings, including William, who would enter the oil business with him
- Rockefeller became an assistant bookkeeper at the age of 16, and went into a business partnership with Maurice B
- Clark and his brothers at 20
- He bought them out and went on founding Rockefeller & Andrews with his brother William and another shareholder — chemist Samuel Andrews
- Instead of drilling for oil, he concentrated on refining
- In 1867, Henry Flagler entered the partnership
- The Rockefeller, Andrews & Flagler company prospered, incorporating local refineries, until the foundation of Standard Oil
- Rockefeller founded Standard Oil Company, Inc
- in 1870 as an Ohio partnership with his brother William along with Henry Flagler, Jabez A
- Bostwick, Samuel Andrews, and a silent partner, Stephen V. Harkness
- He ran it until officially retiring in 1897
- As kerosene and gasoline grew in importance, Rockefeller's wealth soared and he became the richest person in the country, controlling 90% of all oil in the United States at his peak
- Oil was used throughout the country as a light source until the introduction of electricity and as a fuel after the invention of automobile
- Rockefeller had enormous influence on the railroad industry, which transported his oil around the country
- Standard Oil dominated the oil industry and was the first great business trust in the United States
- Rockefeller revolutionized the petroleum industry, and along with other key contemporary industrialists such as steel magnate Andrew Carnegie, defined the structure of modern philanthropy
- The US Supreme Court ruled in 1911 that Standard Oil must be dismantled because it violated federal anti-trust laws; it was broken up into 34 separate entities that included companies that would become ExxonMobil, Chevron, and others
Bio / wiki sources: Wikipedia, accounts on social media, content from our users.
Wiki & wealth sources: Wikipedia, TMDb, social media accounts, users content, wealth specialized websites Photo credit: https://www.wikipedia.org/ Last update: 24 February 2017 We do our best for being accurate. If something seems incorrect, please contact us! |
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