John Davison Rockefeller (1839-1937), US oil magnate and philanthropist. In 1862, Rockefeller went into business with Samuel Andrews, the inventor of
John Davison Rockefeller (1839-1937), US oil magnate and philanthropist. In 1862, Rockefeller went into business with Samuel Andrews, the inventor of a cheap oil refining process. The business prospered and in 1870 Rockefeller and his brother, William, founded the Standard Oil Company. They soon dominated the oil industry. The company was declared an illegal monopoly in 1892 but was not dissolved until 1899. At its peak, Rockefeller's fortune stood at about one billion US dollars, of which he donated about 550 million to charitable institutions. These included the Rockefeller Foundation (founded 1913). Photographed in 1913.
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