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Net worth was $418 billion – “5 Success Lessons From John D Rockefeller”

By | millionairex101 |

John Davison Rockefeller Sr. was an American oil industry business magnate, industrialist, and philanthropist. He is widely considered the wealthiest American of all time, and the richest person in modern history.

  • By age 25 John D. Rockefeller controlled one of the largest oil refineries in the nation.
  • By age 31 he had become the world’s largest oil refiner.
  • By age 38 he commanded 90% of the oil refined in the U.S.
  • By the time of his retirement at age 58, he was the richest man in the country.
  • By the time he died, he had become the richest man in the world.

Lesson 1: Save Compulsively and Invest

Over three years, Rockefeller saved up a year’s salary as a clerk and at the age of 19 launched his first venture buying and selling produce. Known for his thoroughness, Rockefeller had the unlikely combination of also being a risk-taker and took out a $20,000 (2010 dollars) loan from his father to start the venture.

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