John Rockefeller Net Worth is$340 Billion
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Profession: Businessperson, Philanthropist
Date of Birth: Jul 8, 1839
Nicknames: John Davison Rockefeller
Country: United States of America, Germany
John D. Rockefeller was the founder of the Standard Oil Company and a Philanthropist, with the net worth of $340 Billion. John D. Rockefeller earned his net worth as an icon in the oil business. He founded and operated Standard Oil Company for 27 years, retiring in 1897. The business began with a partnership with his brother, William, and Henry Flagler, Samuel Andrews, Stephen V. Harkness and Jabez Bostwick in the state of Ohio. John D. Rockefeller also founded the University of Chicago and the Rockefeller University. He also founded many organizations to benefit medical research, education and Science. His generosity helped to eliminate the illnesses of yellow fever and hookworms. The more money he made, the more generous he became. Some of his contributions went to Spelman College in Atlanta, for African American women to receive the education they were entitled to, many Baptist Colleges, including Denison University. He also gave support to Colleges such as, Yale, Harvard, Weseley, Vassar, Columbia and other educational institutions. John D. Rockefeller was the founder of the Rockefeller Institute for Medical Research, the Rockefeller Sanitary Commission, and his General Education Board in 1903, which was founded in the hopes of giving everyone the equal opportunity to learn, especially in the black schools in the south, where a good education was hard to come by. Rockefeller was born in Richford, New York, as well as his five siblings. His father William Avery wasn't around very much and his mother Eliza was basically a single mom, with her hands full. John worked to earn extra money and helped around the house whenever he could. Eventually his family moved to Moravia, New York, then to Owego and he attended school at Owego Academy and then Folsom's Commercial College to learn bookkeeping. When he finished school, he got a job as an assistant bookkeeper for Hewitt and Tuttle, a produce commission firm. He was only making 50 cents a day and he donated 6 % of that to charity. Eventually John went into partnership with Maurice B. Clark and opened their own small produce commission business. After selling produce, he and his partner Clark built an oil refinery in Cleveland, Ohio, which was they owned, along with Samuel Andrews and Clark's two brothers. Two years later, John D. Rockefeller bought out the Clark Brothers and the business became, Rockefeller and Andrews. John D. Rockefeller was one of the great entrepreneurs, that could turn money into more money, and at the same time, never let greed stop him from sharing his wealth. At one time he was considered to be the wealthiest man in all of history. Rockefeller was married to Laura Celestia Spelman and they had four daughters and one son. His son, John Jr. followed in his footsteps and became in charge of his fathers foundations. John D. Rockefeller was a devout Christian and always gave in 10% tithe to his church. He taught Sunday school a the Erie Street Baptist Missionary Church, as well as providing services as a part time janitor, trustee and clerk.
John Davison Rockefeller (July 8, 1839 - May 23, 1937) was an American oil industrialist, investor, and philanthropist. He was the founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust. Rockefeller revolutionized the petroleum industry and defined the structure of modern philanthropy. In 1870, he founded the Standard Oil Company and aggressively ran it until he officially retired in 1897. Standard Oil began as an Ohio partnership formed by John D. Rockefeller, his brother William Rockefeller, Henry Flagler, Jabez Bostwick, chemist Samuel Andrews, and a silent partner, Stephen V. Harkness. As kerosene and gasoline grew in importance, Rockefeller's wealth soared, and he became the world's richest man and first American worth more than a billion dollars. Adjusting for inflation, he is often regarded as the richest person in history.
Rockefeller spent the last 40 years of his life in retirement. His fortune was mainly used to create the modern systematic approach of targeted philanthropy with foundations that had a major effect on medicine, education, and scientific research.
His foundations pioneered the development of medical research, and were instrumental in the eradication of hookworm and yellow fever. He is also the founder of both the University of Chicago and Rockefeller University. He was a devoted Northern Baptist and supported many church-based institutions throughout his life. Rockefeller adhered to total abstinence from alcohol and tobacco throughout his life.
He had four daughters and one son; John D. Rockefeller, Jr. "Junior" was largely entrusted with the supervision of the foundations.
Asteroid 904 Rockefellia is named in his honour.
Rockefeller was the second of six children born in Richford, New York, to William Avery Rockefeller (November 13, 1810 - May 11, 1906) and Eliza Davison (September 12, 1813 - March 28, 1889). Genealogists trace some of his ancestors to French Hugueno

John Rockefeller Net Worth, 4.4 out of 5 based on 19 ratings

John Rockefeller Latest News

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Posted: December 5, 2016, 9:46 am

Why John Cena Should be Saturday Night Live’s Musical Guest

This Saturday night, taking the stage at Studio 8H in Rockefeller Center, will be the SNL Host who puts the “you can’t see me” in NBC’s Must-See TV. That’s right, the prince of jorts himself John Cena is hosting Saturday Night Live. The third ...
Posted: December 9, 2016, 7:43 am

John D. Rockefeller

John D. Rockefeller (1839-1937), founder of the Standard Oil Company, became one of the world’s wealthiest men and a major philanthropist. Born into modest circumstances in upstate New York, he entered the then-fledgling oil business in 1863 by investing ...
Posted: February 26, 2015, 7:53 am
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