John D. Rockefeller

John D. Rockefeller

Biography

 John D. Rockefeller - the richest man in XX century. Starting from scratch, created a state with a lot of zeros. He traveled all the way from simple accountant to the owner of the giant corporations. In this case, Rockefeller was not only an example of success and charity.

 John D. Rockefeller (John D. Rockefeller) was born in 1839 in the town of Richford New York State. John's father - William Rockefeller, was a merchant, he raft, lends money, he worked in various areas of business. William was by nature a risky person, which helped him to build up the little capital that enabled him to buy the land for $ 3100. However, risk tolerance coexisted with forethought, so part of the capital was invested in various businesses.

 John D. Rockefeller, recalled that his father from an early age had told him about companies that took part, explained the principles of doing business. John wrote about her father: "He often traded with me and bought me a variety of services. He taught me how to buy and sell.

Business story

 In 1865, John D. Rockefeller met with a chemist (name unknown), who tells what about kerosene. Since the company was founded Standard Oil. Rockefeller started looking for oil. In the beginning the future millionaire noticed that the entire oil business is some confusion of the car (by the way, with the Internet now have the same situation). He understood that only by bringing order to the work, it will be possible to think about a commercial success. This he took up with a partner. To start was established charter company. To motivate employees Rockefeller initially decided against wage rewarded their shares. He believed that because of this they will work more actively, as will be considered a part of the company. Yes, and their final earnings will depend on the success of the business.

 Business has to be repaid, and the Rockefeller slowly buying other oil companies. One by one, the small businesses that could not cost too much. This strategy does not like a lot of Americans. Rockefeller agreed with the railroad companies on the regulation of transport prices, so the "Standard Oil" received lower prices than the competition: for the transportation of barrels of oil it paid 10 cents, while its competitors - 35 cents, with a difference of 25 cents on each barrel was Rockefeller in his pocket. Competitors could not resist him, Rockefeller made them a choice: association with it, or ruin. Most of them chose to enter into the "Standard Oil" in exchange for a share of stock.

 Whatever it was, and by the 1880s, thanks to the many small and medium-mergers in the hands of the Rockefeller oil production was 95% of America. Standard Oil became at that time the largest company in the world. Though not for long. In 10 years will the famous Sherman Act against monopolies. Rockefeller react to it, breaking Standard Oil by 34 small companies (in all it will have a controlling interest). Thanks to this law, John D. Rockefeller becomes even richer than before. Incidentally, it is worth noting that almost all of the current major oil companies just went from Standard Oil. For example, it can be said of such giants as Mobile, Exxon, Chevron and others.

 With age, the mind has not changed Rockefeller. He rules with an iron hand of his empire, one only "Standard Oil" brought three million dollars annually (today they would be equal to fifty million). He owned sixteen railway and six steel companies, nine companies that sell real estate, six shipping companies, nine banks and three orange groves - all this gave ample cash crop.

Conclusion

 Rockefeller lived more comfortably, but did not put their wealth on society, like other millionaires with the New York 5th Avenue. He had a house and plot of 700 acres on the outskirts of Cleveland, as well as at home in the states of New York, Florida, Maine, and personal playground for golf in New Jersey. But most of all he loved the villa "Pocantico Hills" near New York.

 Having achieved everything he had dreamed, and now he wanted to live to be a hundred years: the cherished date was close, and the problem seemed to be attainable. In 1935, Rockefeller celebrated his ninety-sixth birthday, and the insurance company sent him a check for five million dollars. This was the first time in the history of the company - according to statistics to survive this age, only one person in a hundred thousand.

John Davison Rockefeller was died in May 23, 1937, he died of a heart attack in 98 years old. The end of life Rockefeller gave away half a billion dollars, and yet it is the only son of John D. Rockefeller, Jr. inherited 460 million. He also spent about half a billion to charity, but also gave money for the construction of Rockefeller Center for the communications industry in New York and donated 9 million for the construction of the UN building (thanks to his assistance the UN headquarters was built in New York, and than in any other city in the world). With all of this, he left six children 240 million. Rockefeller Jr. built the famous skyscraper "Empire State Building".

 John D. Rockefeller is the richest person in history. John D. Rockefeller’s capital was estimated at $ 318 billion dollars at the exchange rate at the end of 2007 (the magazine Forbes).In addition, the status of Bill Gates about 50 billion dollars.