1858, Clark used $800 in savings and 1000 borrowed from his father to form Clark Rockefeller Company, mainly engaged in agricultural products. He didn't take part in the civil war, but he made huge profits during the war. The company's profit reached 17000 USD in 1862.
1863, Andrews, an oil refining expert, persuaded Rockefeller to invest in an oil refinery, and Andrews-Clark Company was established. 1865, due to disagreement among partners, the company was split up for auction, and Rockefeller successfully bid for $72,500, and changed its name to Rockefeller-Andrews Company. In the same year, it opened a second refinery, becoming the largest refinery in Cleveland. 1866 new york Rockefeller company was established to be responsible for export business. 1867, Henry Morris virag Le joined the company, and the company was renamed Rockefeller Andrews virag Le Company. 1870 The company merged internally and established Standard Oil Company, with Rockefeller as the president and assets of 1 10,000 USD. Rockefeller declared: "One day, all the oil refining and barrel making businesses will be owned by Standard Oil Company." In less than two years, he annexed more than 20 oil refineries in the region and controlled 90% of the state's oil refining industry, all major oil pipelines and all tankers on the Pennsylvania Railway. He also took over the terminal facilities of a railway company in New Jersey, forcing oil capitalists in new york, Pittsburgh and Philadelphia to fall at their feet. Then, in order to control the national oil industry, New York Central Railway Company and Yili Company were manipulated to compete with Pennsylvania Company in railway freight transportation. As a result, within eight years, the refining capacity of Mobil Oil Company soared from 4% in the United States to 95%. Mobil controls almost all American industries and several major railway lines. 1882, becoming the first trust in American history.
Later, Rockefeller Financial Group formed a financial core institution composed of four major banks, including Citibank and Chase Bank, and three insurance companies. These seven companies control 65,438+02% of national bank assets and 26% of national insurance assets, and the Rockwell family influenced the decision-making of industrial enterprises through them. Rockefeller Financial Group founded a foundation to give grants to social groups such as education (now University of Chicago, Rockefeller University), culture, and medical care, so as to expand his influence and influence. Rockefeller Financial Group also supports cronies to hold important positions in the government. For example, Dulles and Lascaux, both former secretaries of state, both served as presidents of the Rockwell Foundation. Before becoming Secretary of State, Kissinger was nelson rockefeller's personal adviser on foreign policy. Members of this family are also active in the political arena, influencing domestic and foreign policies. For example, nelson rockefeller served as the vice president of the United States from 1974 to 1977.
John rockefeller is one of the most controversial figures in modern business history.
On the one hand, the standard oil company he founded monopolized 80% of the refining industry and 90% of the oil pipeline business in the United States at its peak. On the other hand, Rockefeller believes in Christianity, and the foundation named after him adheres to the purpose of "benefiting mankind all over the world", with a total donation of 500 million US dollars.
This seemingly contradictory mental state makes Rockefeller's entrepreneurial history quite representative among the early American rich: unusually calm, shrewd and far-sighted, and with his unique courage and means, he built a huge business empire step by step. Rockefeller said, "If I am stripped to a penny and left in the middle of the desert, I can rebuild the whole dynasty as long as a camel team passes by."
Rockefeller, 16 years old, works as a clerk in a dry goods store in Ohio, with a weekly salary of $5. 19 years old went to the sea to do business, selling grain and meat. Since then, Rockefeller has recorded every income and expenditure, not even missing a penny of charitable donations. After three years of accumulation, 22-year-old Rockefeller entered the oil industry and founded Standard Oil Company on 1870.
At this time, Rockefeller was not satisfied with the speed of creating wealth by saving. 1882, he founded an unprecedented joint venture-trust. This structure, which is easy to accumulate wealth, makes Standard Oil the largest oil group enterprise in the world in two years. Rockefeller became a famous "oil king" at home and abroad. Standard Oil Company was finally named Mobil Oil Company. In 19 10, Rockefeller's wealth has reached 10 billion dollars. The good times did not last long. The following year, the US Supreme Court ruled that the trust was dissolved.
Although great wealth has aroused the vigilance of the society, Rockefeller himself is still a devout Christian. He strictly follows the Baptist dogma-no drinking, no smoking or even dancing. Unlike the habits of ordinary rich people, Rockefeller is not interested in buying French estates or Scottish castles, and he is too lazy to buy works of art, yachts or medieval suits. The love of his life is riding a horse.
1897 after retiring from standard oil company, Rockefeller focused on charity. China is the country with the largest overseas investment of Rockefeller Foundation. As we all know, Peking Union Medical College Hospital and Medical College are the biggest and most famous undertakings of Rockefeller Foundation in China. Little known is that Rockefeller Foundation participated in the excavation and archaeological work of Zhoukoudian "Beijingers" from the very beginning.
However, as the most famous veteran American capitalist in China, the name Rockefeller once became synonymous with the inferiority of capitalism. At the beginning of the reform and opening-up, the American personal wealth creation history he represented was shown in the description of China media, and gradually assisted China to form a new generation of wealth view: in social life, wealth and the ability to legally create wealth should be given due respect.
If john D Rockefeller (1839 ~ 1937) were still alive, his worth would be about $200 billion in today's dollars-according to Forbes' list of billionaires in 2003, Bill Gates, then the richest man in the world, was worth $40.7 billion. Strolling through the streets of new york, you can appreciate the past glory of the Rockefeller family everywhere: Bank of JPMorgan Chase, Rockefeller Center, Rockefeller Foundation, Museum of Modern Art and Rockefeller University, which rank among the top in the world in the field of life sciences. Even the popularity of penicillin as a common drug is closely related to Rockefeller and his family. The legacy of the old Rockefeller still dominates the world oil industry, and he himself can be called the personification symbol of the ubiquitous and omnipotent western oil industry.
1859, the commercial success of the first oil well in Pennsylvania, USA, marked the beginning of modern oil industry. At that time, the most important use of oil was to refine kerosene for lighting. 1870, Rockefeller founded the standard oil company, and soon he established his own empire by ruthlessly squeezing and annexing his opponents. By the time he was 38, Rockefeller had controlled 90% of the oil refining industry in the United States and greatly reduced the price of petroleum products: during Rockefeller's period, the price of gasoline dropped from 88 cents to 5 cents per gallon.