J. D. Rockefeller

Definition of 'J. D. Rockefeller'


One of the great entrepreneurs in American history, J.D. Rockefeller became the world's richest man and the first U.S. billionaire. Rockefeller was an oil baron who founded the Standard Oil Company and persuaded over 32 competitors to sell out to him. Rockefeller pulled himself up by his own bootstraps in the oil industry, using hard-nosed business tactics to win over his competitors.

Investopedia explains 'J. D. Rockefeller'


Rockefeller was born in 1839 and died in 1937. His oil company was eventually broken up by antitrust laws. By then he had practically abandoned his oil company and gone into charity work, establishing the Rockefeller foundation which supported such organizations as schools, community works, and health organizations. This institution has donated millions of dollars to worthy causes of many kinds over the years and still exists today.



comments powered by Disqus
Hot Definitions
  1. Federal Reserve Note

    The most accurate term used to describe the paper currency (dollar bills) circulated in the United States. These Federal Reserve Notes are printed by the U.S. Treasury at the instruction of the Federal Reserve member banks, who also act as the clearinghouse for local banks that need to increase or reduce their supply of cash on hand.
  2. Benchmark Bond

    A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".
  3. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  4. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  5. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  6. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
Trading Center