Rockefeller biography for financiers is a role model, because he was the richest man of the 20th century.Rising from the accountant to the owner of the corporation, Rockefeller made his fortune with a lot of zeros.At the same time, John was an example not only in financial prosperity, but also charity.
Birth
Rockefeller biography begins with 1839, when he was born in the town of Richford.William, father of the future millionaire, he worked in different areas: to lend money, selling wood, and so on. N. Due to risk appetite, he managed to put together a little capital ($ 3100), part of which went to the purchase of land.Another part of the William prudently invested in several companies.On his investment, he said Little John, explaining the specifics of doing business.
first earnings
John D. Rockefeller, whose biography will be discussed in this article, the first money earned in 7 years.He feed turkeys for sale and neighbors dug potatoes.All their income, John recorded in a small notebook.Save up to 13 years $ 50, future oil baron lent to farmers at 8% per annum.At age 16, he finished the course in accounting, he went in search of work.Six weeks of searches were unsuccessful.Finally, John got a job in a firm Hewitt and Tuttle assistant accountant.Working 16 hours a day, Rockefeller quickly established himself as a professional, and soon he was offered the vacant position of the control.However, it began to pay three times less than its predecessor.John quit ... It was the first and last time when he was employed.
own firm
Next Rockefeller biography leads us to 1857, when the future oil tycoon opened with Maurice Clark joint business.Partners lucky: a civil war with the southern states.The US government needed tons of biscuits, tobacco, sugar and meat, as well as hundreds of thousands of rifles and millions of rounds of ammunition and uniforms.To fulfill these orders, start-up capital was scarce, and John decided to take the credit.The probability of failure was great, but the Rockefeller went to the director of the bank and frankly all told.The sincerity of the young man made an impression on the banker and the loan was approved.
Standard Oil
story of John D. Rockefeller as an oil tycoon began in 1865.While everything was lit by oil lamps, and the kerosene derived from petroleum.John soon realized the prospects of this business and started its production by opening the company Standard Oil.When the business began to generate revenues, Rockefeller engaged in buying other oil companies.By 1880, thanks to the numerous mergers Standard Oil owned 95% of oil production.Even the Sherman Act did not change the situation.Millionaire just smashed Standard Oil by 34 small firms, a majority of each of which was in his possession.
Charity
Rockefeller biography is filled with not only financial victories.It is the largest philanthropist in American history.In the early twentieth century, John handed over management of the business a reliable partner, and he was engaged in a charity.In 1905, he donated $ 100 million of the church, and the end of life has distributed more than half a billion.
