Below we're sharing a sneak preview of tomorrow's offering from Alex... Oil titan John D. Rockefeller was the world's first billionaire and, on an inflation-adjusted basis, the wealthiest American of all time. Born into modest circumstances in 1839, he entered the then-fledgling oil business as a young man. By the early 1880s, he controlled roughly 90% of U.S. refineries and pipelines. His flagship company, Standard Oil, was broken up in 1911 by the Sherman Antitrust Act. And he gave away the vast majority of his fortune, establishing the University of Chicago and the Rockefeller Institute for Medical Research, among others. Yet, according to Forbes, his 200 or so surviving descendants still have a collective net worth of approximately $11 billion. Stay tuned for more in tomorrow's article... |
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