John D. Rockefeller, Sr.Industrialist / Philanthropist
Born: 8 July 1839
Died: 23 May 1937
Birthplace: Richford, New York
Best known as: Standard Oil tycoon and big-time philanthropist
One of the richest Americans in history, John D. Rockefeller was the founder of the Standard Oil Company and, later, a philanthropist whose wealth bankrolled the Rockefeller Foundation. Hard-working and meticulous, Rockefeller started out small and then made his fortune via hard-nosed and sometimes controversial business tactics, which have since made him an entrepreneurial hero to some, a greedy fiend in the eyes of others. He started in the oil business, and by the end of the century the Standard Oil Trust controlled so many other interests that it fell afoul of anti-trust laws. In 1911 the U.S. Supreme Court called Standard Oil a monopoly and forced the Trust to separate into competing companies. By that time Rockefeller himself was no longer involved in running the business, having devoted himself completely to philanthropy since 1896. He gave away millions to schools, health organizations and civic projects through the Rockefeller Foundation, which endures today.
Extra credit: John D. Rockefeller, Jr. was in the family business only briefly before devoting himself to philanthropy with the Rockefeller Foundation... the elder Rockefeller's grandson, Nelson Rockefeller, was a four-time governor of New York and vice president of the United States from 1974-77 under Gerald Ford.
Copyright © 1998-2015 by Who2?, LLC. All rights reserved.
More on John D Rockefeller Sr from Fact Monster:
Information Please® Database, © 2007 Pearson Education, Inc. All rights reserved.