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. Commodity

    1. A basic good used in commerce that is interchangeable with ...
  5. Antitrust

    The antitrust laws apply to virtually all industries and to every ...
  6. Asset

    1. A resource with economic value that an individual, corporation ...
RELATED FAQS
  1. No results found.
Related Articles
  1. 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. 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. Professionals

    What does C-Suite Mean?

    C-Suite is a slang term used to describe the highest level senior executives of a corporation. This is the decision-making, power center of a company. These individuals are usually paid well, ...
  8. Entrepreneurship

    Go To College Or Become An Entrepreneur?

    The rising cost of higher education and high unemployment rate following the Great Recession has caused many young people to question the value of college.
  9. Chart Advisor

    Commodity Traders Are Using Momentum To Profit From These Stocks

    Active traders are drawn to momentum strategies. These momentum winners of 2015 are worth a trader's second look.
  10. Economics

    This Is A Small Country With Huge Potential to Grow

    Trinidad and Tobago's increased revenue and economic success have been primarily generated by its energy sector, but it still might be best to diversify.

You May Also Like

Hot Definitions
  1. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  2. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  3. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  4. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  5. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  6. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
Trading Center