J. D. Rockefeller

AAA

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.

RELATED TERMS
  1. Bill Gross

    A well known bond investment manager, William Gross is the founder ...
  2. Julian Robertson

    A former hedge fund manager and investor, Julian Robertson founded ...
  3. Jesse L. Livermore

    Livermore rose from a humble farming background to become a stock ...
  4. Sweet Crude

    A type of oil that meets certain content requirements, including ...
  5. Sour Crude

    The name given to barrels of crude oil that do not meet certain ...
  6. Financing

    The act of providing funds for business activities, making purchases ...
Related Articles
  1. Rockefeller chose the refining business, where the profits were smaller but more stable.
    Economics

    J.D. Rockefeller: From Oil Baron To Billionaire

    More than 70 years after his death, this man remains one of the great figures of Wall Street.
  2. Celebrate the season of giving by sharing a little bit of your prosperity with the people, animals and causes that really need your support.
    Investing Basics

    The Christmas Saints Of Wall Street

    Learn how some of world's richest people spread holiday cheer year-round.
  3. Personal Finance

    A History Of U.S. Monopolies

    These monoliths helped develop the economy and infrastructure at the expense of competition.
  4. Personal Finance

    The 5 Most Feared Figures In Finance

    Gates, Soros, Icahn, Rockefeller and Morgan caused chills on Wall Street.
  5. Fundamental Analysis

    The Unsung Pioneers Of Finance

    We all know names like Rockefeller, but there are other influential pioneers of finance in America's history.
  6. Options & Futures

    The Kingpin Of Wall Street: J.P. Morgan

    From robber baron to the hero of the Panic of 1907, this man helped shape Wall Street as we know it.
  7. Investing News

    Looking to Open a Franchise? These Topped The List In 2014

    These franchise businesses stood out in 2014.
  8. VelocityShares 3x Long Crude Oil ETN has the potential for huge returns, but there are several reasons why you might want to steer clear for now.
    Mutual Funds & ETFs

    A Leveraged Oil ETN For The Future (Just Not Now)

    VelocityShares 3x Long Crude Oil ETN has the potential for huge returns, but there are several reasons why you might want to steer clear for now.
  9. Not every new company or product makes it, but many successful startups share the following characteristics.
    Entrepreneurship

    6 Characteristics Of Successful Apps

    Not every new company or product makes it, but many successful startups share the following characteristics.
  10. When it comes to managing finances and tracking the markets on the go, there are a number of excellent apps that can be downloaded and installed onto your mobile device.
    Entrepreneurship

    Top Stock Market Apps For News Or Trading Or Both!

    When it comes to managing finances and tracking the markets on the go, there are a number of excellent apps that can be downloaded and installed onto your mobile device.

You May Also Like

Hot Definitions
  1. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  2. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  3. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  4. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
  5. Annual Percentage Rate - APR

    The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents ...
  6. Free Carrier - FCA

    A trade term requiring the seller to deliver goods to a named airport, terminal, or other place where the carrier operates. ...
Trading Center