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John D. Rockefeller Net Worth



John Davison Rockefeller's Net Worth as of 2024
$340 Billion

The richest ever person in the world? Not quite, but John Davison Rockefeller Sr. came pretty close, and certainly re-wrote the definition of ‘rich’ in the modern, early 20th century world. He was born on 8 July 1839 in Richford, New York State USA, and by the time he died on 23 May 1937 he had, in 1916, become the first person in the world to be called, literally, a billionaire, such was the fortune he had amassed, principally based on oil and of course its derivatives kerosene and petroleum.

So just how rich was John D. Rockefeller? Authoritative sources estimate that at the time of his death, in modern terms he had accumulated a fortune of at least $340 billion, which could have been much greater except for his generous philanthropic contributions made during the second half of his life. Even so, this amount represented 1.6% of the US economy at that time, making Rockefeller Sr. the richest American in history to this day.

John D. Rockefeller Net Worth $340 Billion

John D. Rockefeller was of English and German (father), and Scots-Irish (mother) descent. His father was an acknowledged con man, even as he engaged in shady dealings both around his home environment, and during extensive absences. The family eventually settled in Cleveland, Ohio, where John D. attended Central High School, and then took a business course, concentrating on bookkeeping. He started in business early, as a teenager, supporting the family by raising and selling turkeys, as well as potatoes. He quickly learnt the principles of smart business, partly from his father’s scheming, such that he was even able to lend to friends and neighbours.

Rockefeller’s first professional job was as a bookkeeper in 1855, again learning quickly and determined to get ahead and away from his wage of 50c a day. He is reported to have said that his two aims in life were to make $100,000 and live to 100. He started on the first target in 1859, by raising $4000 with Maurice B. Clarke to go into wholesale food commissions, and then with Clark’s two brothers and chemist Samuel Andrews, building an oil refinery in Cleveland in 1863, as whale oil was now expensive, and an alternative needed. This was a critical decision which not only profited Rockefeller in the short term, but laid the basis for his future enormous wealth.

Rockefeller was an astute businessman, who reputedly made money every year once he had started his own business. However, this period was during the civil war in the US, and part of the business was on behalf his brother Frank, who was in the northern army. In 1865 John bought out the Clark brothers, at a time when Cleveland was rapidly becoming the centre of the new oil industry. The following year John D. was brought into ownership of another refinery opened by brother William, and by 1868 this was the largest refinery in the world. John D. had already increased his net worth beyond his previously stated target.

Standard Oil, to become the forerunner of all the modern major oil companies, was founded by Rockefeller in 1870. John D.’s policy was to buy smaller refineries and improve their efficiencies, but also to expand vertically, in particular by controlling methods of distribution and therefore transport costs, which with expert marketing eventually saw him attain a virtual monopoly in oil refining and distribution – railways and pipelines. State laws prevented total dominance, as companies were ostensibly limited to state-based operations rather than countrywide. However, Rockefeller was a master business tactician and manipulator, setting-up supposedly separate companies in each state, and so maintaining a totally dominant position in the oil industry over more than a decade, particularly so since the US was the major oil supplier in the world at this point, with almost 90% of production. Regardless, Rockefeller’s net worth continued to mount.

Not that Rockefeller ever rested on his laurels, buying oil leases in several states as the fields in Pennsylvania dried-up, but also employing scientists and chemists to devise further uses for kerosene and petroleum. He further expanded vertical integration of the oil industry, controlling at every level of production from wells to retailers and even direct to homes. There is no doubting the efficiency of John D.’s business, which is of course why he, above all others in the burgeoning oil industry, was so successful. Just one example was the drop of 80% in the cost of kerosene over the years. Naturally, jealousies arose, but also some fears of monopolisation, and therefore price fixing, which encouraged federal and state legislatures to enact anti-trust laws, so that Standard Oil was eventually broken up after a federal court ruling in 1911.

The strength of Rockefeller’s business can be judged by the division of Standard Oil, which resulted in the foundation of companies very familiar to consumers to this day. To mention just a few, Standard of Indiana became Amoco, now part of BP; Standard of California is now Chevron; Standard of New Jersey Esso, and later Exxon; Standard of New York became Mobil, now part of ExxonMobil; and Standard of Ohio became Sohio, now BP.

Rockefeller possessed more than 25% of Standard’s shares, and along with all other shareholders, retained proportionate shares in all the consequent 34 companies. John D.’s influence in the oil industry was lessened somewhat, but still his net worth rose, as the companies total value increased five times in a very few years, such that Rockefeller’s personal wealth was close to $1 billion by 1910.

The advent and increasing popularity of the automobile and the need for ever increasing amounts of petroleum served to increase Rockefeller’s net worth exponentially over the next two decades, regardless of the fact that he had retired from direct involvement in company’s day-to-day affairs in 1897, although he was nominal president until 1911.

John D. Rockefeller lived the last 40 years of his life in retirement, but was a noted philanthropist which certainly kept him interested and occupied, as he ensured that his donations were always put to good use. He contributed consistently to his Baptist Church, stating that his religious beliefs provided the impetous for his philanthropic donations. John D. was a significant beneficiary to education and health causes, as well as to science and the arts. He effectively founded the University of Chicago, with a gift of $80 million, equivalent to $2 billion today, but also donated sums to improve education in the Philippines (then virtually a US colony), as well as to prominent institutions such as Harvard and Yale. He was a constant supporter of, and contributor to education for black Americans in the southern states of the USA.

In his personal life, John D. Rockefeller married Laura Celestia “Cettie” Spelman (1839–1915) , daughter of Harvey Buell Spelman and Lucy Henry, in 1864, later stating that his judgement was perfect in this case, as “Her judgment was always better than mine. Without her keen advice, I would be a poor man.” They had four daughters and one son together, who in various ways maintained the family business interests.

As the Managing Editor at NetWorthPost, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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Mark Zuckerberg Net Worth



Mark Elliot Zuckerberg was born on 14 May 1984, in White Plains, New York State USA into a Jewish family. He is known for making billions of dollars at a very young age. However, even if a lot of people are jealous and sceptical about Mark, they should admit that not only does he deserve all that he has, but also respect and admiration for being smart and inventive. He has created a virtual empire which we all acknowledge nowadays: is there anyone in the world who has not heard of Facebook!

So how rich is Mark Zuckerberg? According to Forbes Magazine and Bloomberg’s Billionaires list, Zuckerberg‘s net worth is estimated at $56 billion as of early-2017, making him the seventh richest person in the world, up from 15th just nine months earlier. What strikes as most comic is that Mark has a salary of only $1 dollar per year as CEO of Facebook, however, that doesn‘t stop him from being a self-made billionaire, now head of a company ranked in the 10 largest in the world, valued at $275 billion.

Mark Zuckerberg Net Worth $56 Billion

Mark was indeed an ‘A’ grade student, apparently excelling in many subjects when at Ardsley High School, ranging from physics to classics. However, above Mark‘s interest in computers stands his father. He introduced Mark to computers and wanted him to take an interest in them. Edward Zuckerberg taught his son Atari BASIC programming and later hired a software developer to train Mark privately once a week. According to David Newman, the above-mentioned tutor, the kid was unbelievably talented and soon left his teacher standing and breathless. When Zuckerberg joined the community of Harvard University, he already had a reputation as a programming genius, because “Facebook” wasn‘t actually the first convenient and useful program he had developed. His works, such as Synapse Media Player, CourseMatch and Facemash received a lot of attention and popularity. Still they cannot rate with Facebook.

Unsurprisingly, a person who begins a world-wide revolution of communication faces a lot of problems, difficulties, intrigues and scandals. Mark was accused by his former friends, the Winklevoss twins, Cameron and Tyler, of stealing their ideas. The brothers actually dreamed of building a connection between all the students of Harvard University. As we all know now, Mark improved this idea by enlarging the range of people who were allowed to use this social network. So, the accusations were at least true in part and Zuckerberg was forced to give away 1.2m Facebook shares to them. Thus there‘s always a bright side of things – the company that Mark set up has made a lot of people wealthy, not just him alone.

Regardless, according to Vanity Fair magazine, Zuckerberg was the most influential person of the Information Age in 2010. That‘s surprising because a year before he ranked only at number 23 on the same list. What‘s more, not only does Vanity Fair consider Mark as the world‘s most influential in this relatively new industry, but also New Statesman. In 2010, they ranked him as number 16 in the top 50 of the world’s most important figures. “Facebook” is considered to be the biggest social networking website on the planet, used by people of all ages, sex or nationality. Zuckerberg is respected because all he had to create such a network were his ideas and fingers that instinctively knew what to press on a keyboard.

Even though Mark Elliot Zuckerberg lost all of his friends and it doesn‘t seem that he‘s ever going to regain them, he at least has a reliable source of income – Facebook, of course. All the other similar companies that Facebook has obtained recently such as Instagram, WhatsApp, and some more must also be taken into account.

In his personal life, Mark Zuckerberg married Priscilla Chan in 2012, having met her originally in 2002. Aside from his career, Mark is a noted philanthropist, particularly to educational projects. In 2010, he joined with Bill Gates and Warren Buffett in promising to donate half of his wealth to charity over time. In 2013 he donated shares valued at $990 million to the Silicon Valley Community Foundation, and the following year $25 million towards combating the ebola disease.

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Gautam Adani Net Worth



Gautam Shantilal Adani was born on the 24th June 1962, in Ahmedabad, Gujarat, India and is a businessman, widely known as a founder and the chairman of the multinational conglomerate Adani Group. Adani has been active in the business of coal mining and gas distribution since 1988.

How much is the net worth of Gautam Adani? It has been estimated by authoritative sources that the overall size of his wealth is as much as $8.8 billion, as of the data presented in the middle of 2017. Adani Group is the main source of Adani’s fortune.

Gautam Adani Net Worth $8.8 Billion

To begin with, the boy with his seven siblings, was raised in Ahmedabad by his parents Shanta and Shantilal Adani. He was educated at the Sheth Chimanlal Nagindas Vidyalaya school, then entered Gujarat University to study commerce, yet he dropped out.

Currently, the billionaire Gautam Adani owns the largest brand of oil in India. The company was founded in 1988, with Gautam the founder and current president. He said he created his Group with a vision of Nation Building, that is to say by developing assets that he believes are important economic issues for the country. The Adani Group has grown rapidly by diversifying into import – export – it opened its own port in Mundra, to better control its trading operations. Construction began in 1995 and in 1998 it became one of the major sources of foreign exchange for India.

The following year, the company embarked on financial and energy speculation with coal trading, and soon created a joint venture (Adani Willmar) in the field of petroleum products trading in 2000. A second phase began for the group with the creation of large infrastructures. The company created a portfolio of ports, power stations, mines and a fleet of ships and railway lines in and out of India. In 2006, the company became the largest importer of coal in India – 11 million tons. Adani sought to be less dependent on the coal market, so he started to buy and control coal mines. Thus, he bought the Australian group Linc Energy, in order to supply the group’s coal-fired power stations. In 2008, he bought the Bunyu mine in Indonesia , with 180 million tons of coal reserves, and the following year, Adani Group became an energy company, producing 330 MW of thermal energy. In 2011, the group also decided to buy the exploitation rights of a large part of the Galilee coal basin in Australia. To prepare for the import of Australian coal, he ordered a large-capacity coal terminal at Mundra (the largest in the world) and in the same year he bought the Australian port of Abbot Point. This project is yet to come to fruition.

In 2012, the Group began a 3rd phase of development as integration infrastructure, renewing its logo and developing a new identity. The company focuses on three areas: resources, logistics and energy. Subsequently, under the direction of Gautam Adani, the Adani Group became a multinational conglomerate active in the production of electricity – especially through coal – and port terminals, logistics and agribusiness. It is India’s largest developer and port operator. The Group is the major source of Gautam Adani’s net worth.

Finally, in the personal life of Gautam, he is married to Priti and they have two children.

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