How Rockefeller Built His Trillion Dollar Oil Empire

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How Rockefeller Built His Trillion Dollar Oil Empire 4.5

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45th video of the Behind the Business Series.

While tech billionaires like Bill Gates and Jeff Bezos might be the richest men in the world today, the title of richest capitalist to have ever lived goes to a man, who died almost a century ago: John Rockefeller.

In the late 19th century John Rockefeller used his quick wits and leadership skills to build an impressive oil refinery in Cleveland. In the early days of the oil industry technology was inefficient and bankruptcies were everywhere, but John optimized the refining process successfully. Over time, he bought out competitors until he had total control over the oil industry in Cleveland through his company: Standard Oil of Ohio.

In the decades afterwards Rockefeller purchased refineries across America and even negotiated backroom deals with the big railroad tycoons. At its peak Standard Oil was worth up to $1,000,000,000,000 (one trillion dollars) in today's money, with Rockefeller controlling over 90% of the oil industry in America.

Of course, eventually new oil deposits were uncovered in Asia and Russia, challenging Rockefeller's monopoly. Back at home concerned businessmen funded waves of media opposition to Standard Oil, which was eventually broken up in 1911. The numerous companies created during this split would eventually merge back together, bringing huge profits to Rockefeller in his final years.

Upon his death, Rockefeller's net worth was an estimated $400 billion in today's dollars, making him the wealthiest businessman to have ever lived by a wide margin.

Under the kind patronage of Nagabhushanam Peddi, Dan Supernault, Samuel Patterson, James Gallagher, Brett Gmoser & Roman Badalyan.

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That transition... just leaving this here.

Автор — Kyle Li

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dude that transition to the ad was the best one i have ever seen

Автор — Simon Desue

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That transition was way smoother than my cheek after shaving with Dollar Shave Club

Автор — Benito Llan Matos

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As you already mentioned, so how about Rothschild?

Автор — KR!RK

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lmao the way you transitioned to DSC caught me off guard 😂

Well played sir.

Автор — PromotingTheBeat

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Mansa Musa was worth $400 Billion when the US hadn’t even been founded and you know how much that is in today’s currency? Find out when you sign up for *Dollar Shave Club*

Автор — pluto

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You win the ad award of the year. Epic transition.

Автор — K Dot

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6:12 poor waifu working hard with them

Автор — Someone

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Evil Rothschild destroyed world and continues. Rockefeller is no less of an evil.

Автор — Molana Rumi

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This is the most hilarious product placement. Lol. I loved the documentary also. But bravo.

Автор — Pratyush Tewari

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Dat seemless transition to sponsorships is quite amazing

Автор — BloodnutXcom

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The End part was so hilarious 😂 Dollar Shave Club Advertisement ... Obviously how John Rockefeller would have access to ur products during 1850s.😆 Hilarious

Автор — batul poonawala

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I’m gonna make a company called ‘Special Oil’

Автор — Christian Police

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They now control trillions in their foundation and (with Rothschild) ownership in federal reserve.

Автор — Brett x

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that ad transition tho.. so funny, nice video as always BC

Автор — Salish

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That transition was sooo smooth. What a flawless transition!

Автор — Kambiz Sayari

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6:14 it seems Hentai is way older than we thought...

Автор — Mohaamd_7

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Standard Oil had some shady practices. At least Dollar Shave Clu-
*Parent company: Unilever*





GOD DAMN

Автор — Hello World

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Even though I knew about him before, I had many goose bump moments throughout this video! 🙂🙌

Автор — Siddharth Chowdary Vunnam

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I LOVED THE TRANSITION TO THE DOLLAR SHAVE CLUB! Well done sir.

Автор — 4819385