About John D. Rockefeller
John Davison Rockefeller Sr. was an American businessman and philanthropist. He was one of the wealthiest Americans of all time and one of the richest persons in modern history. Rockefeller was born into a large family in Upstate New York who moved several times before eventually settling in Cleveland, Ohio. He became an assistant bookkeeper at age 16 and went into several business partnerships beginning at age 20, concentrating his business on oil refining. Rockefeller founded the Standard Oil Company in 1870. He ran it until 1897 and remained its largest shareholder. In his retirement, he focused his energy and wealth on philanthropy, especially regarding education, medicine, higher education, and modernizing the Southern United States. Consequently, Rockefeller became the country's first billionaire, with a fortune worth nearly 2% of the national economy. Rockefeller's wealth grew substantially as kerosene and gasoline became increasingly important commodities, eventually making him the richest person in the United States.
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