John D Rockefeller was the world’s first billionaire, according to newspaper headlines in 1916. He was born in 1839 in Richford, New York, and was the second of six children. His father was a conman and swindler, and his mother was a devout Baptist.

Rockefeller began his career in the oil industry in 1863, when he founded the Standard Oil Company. By 1882, Standard Oil had become the largest oil refinery in the world, and Rockefeller had become one of the wealthiest men in the United States. By 1890, he had become the world’s first billionaire.

Rockefeller was known for his philanthropy, and he donated millions of dollars to charities and educational institutions. He also established the Rockefeller Foundation, which was dedicated to improving the lives of people around the world.

Rockefeller was a major influence in the development of the modern oil industry. He developed innovative business practices that allowed Standard Oil to become the largest oil company in the world. He also pioneered the concept of vertical integration, which allowed Standard Oil to control every aspect of the oil industry, from production to distribution.

Rockefeller died in 1937 at the age of 97. He was the world’s first billionaire, and his legacy continues to this day. He is remembered as one of the most influential businessmen in history, and his philanthropic efforts have made a lasting impact on the world.

Influencer Magazine UK