John D. Rockefeller was the world’s first bona fide billionaire, meaning that his billion-dollar status wasn’t retroactively calculated with inflation. Instead, he was the first person to own a billion’s worth of assets in real time and that’s even after the Great Depression wiped $10 billion from his bank accounts. But even that barely caused a dent to his pocketbook.
Now, his fortune is spread across six generations and 70 heirs so it’s understandable why he has such a divisive reputation. For some, he was a revolutionary tycoon and trendsetting philanthropist. For others, he’s a puppet master who used his wealth and power to skew the law in his favour. In any case, you don’t make $360 billion without making a few enemies (or friends in high places). Thankfully the rules which helped him change the landscape of business and commerce can be followed by anyone, so let’s examine them to separate the man from the myth.
It’s time to learn How History Works as we explain ‘Why The Rockefellers Never Lost Their Fortune’
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#wealth #History #rockefeller
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Written By: Sam Ely
Video Created By: Gabriela Gutierrez
Footage Courtesy of: Getty Images
Music Provided By: Epidemic Sound
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