Biography on John D Rockefeller - Biographies

Biography on Founder of "Standard Oil" - Sir John D Rockefeller

John D Rockefeller is one of the richest person and a great businessman in his time. He created a monopoly market in the field of oil market. He is the founder of “Standard Oil”. John D Rockefeller was born on a farm in Richmond, New York, on 8^thjuly 1839. His father name is William Avery Rockefeller and mother name is Eliza Davison Rockefeller. His family was financially not good. As a young boy Rockefeller sells sweets to local children so that he can help his family financially. He didn’t studied so much and worked as a bookmaker. We are discussing about biography on john d Rockefeller, rockefellers documentary, john d rockefeller sr, standard oil, trust, oil refining, rockefeller founder, john d Rockefeller bio here.


John D Rockefeller entered into the field of oil business in 1863. He invested everything in his 1^st refinery. For transportation of his kerosene oil, he meets with Tom Scott, president of one of the largest rail lines.
With Rockefeller’s increased in profit, he started buying his competitors at the age of 33. He becomes the largest producer of kerosene refining in the country. Buy buying and eliminating the competitors he hold around 90% of the North America’s oil supply. Thus, he first creates a monopoly in the field of oil refining.
In 1873, due to crash in New York stock market, great depressions were started. At that time, lots of workers become jobless. At that time, due to depression, Rockefeller started buying his remaining competitors. By the time when the great depression ended, Rockefeller has formed one of the largest corporate empires in America, Rockefeller than started control over 98% of kerosene industry.
Before he dies, he gives around $100 billion of that away. Rockefeller died on 23^rdMay 1937 at the age of 97, and in today’s money Rockefeller is still left with the net worth of $660 billion.
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