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.

Download — How Rockefeller Built His Trillion Dollar Oil Empire

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💬 Comments on the video
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dude that transition to the ad was the best one i have ever seen

Author — Simon Desue

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Dollar shave club, u better pay this dude a good sum, what a transition 😂😂 right when the audience's attention was most high.

Author — Aldus Babu Thomas

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It’s funny because the Rockefeller’s are indirectly sponsoring the video. I remember reading about the Rockefeller’s being investors in dollar shave club.

Author — Daniel Park

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Give a man a gun and he can rob the bank. Give a man a bank and he can rob the world.

Author — Bloc-Notes

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10%: random comments
90%: talking about the ad of the vid

Author — Ezek Joson

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At 6:13 theirs an anime chick in the photo

Author — Raul Llamas

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This transition for dollar shave club transition was hilarious😂😂😂almost made me subscribe😂

Author — Shelby

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That transition at the end was Legendary.

Author — Chimera Black

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THE MAN IS WORTH 100 BILLION, BUT WHAT HE HAS IS ABILITY TO PAY 1 DOLLAR PER MONTH ON SHAVING... UMMM... IF YOU HAVE 100 BILLION YOU CAN PAY A MILLION PER YEAR FOR RAZORS EASILY.

Author — sdfbtnsfgd

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this guy just won the gold medal for adverts. Brilliant

Author — Olorire One

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@6:12 WTF he employed an anime character?

Author — Geary Hinolan

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John D was making boss moves back in the day

Author — Zachary Laid Finding Freedom

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That transition... just leaving this here.

Author — Kyle Li

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No more oil cartel but then they were allowed to create the Federal Reserve...

Author — zapfanzapfan

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You know what? I'll subscribe just because that transition to the ad was smooth as hell

Author — Bryon Letterman

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so there that pic with 100k workers, and why is there an anime cat girl
?

Author — Patrick Bartolotto

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

Author — Benito Llan Matos

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I feel like he made every word of that up just to get to the shave club pitch 🤔🤣🤷‍♂️

Author — Erik Adkins

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Hahaha... wasn't rxpecting that segway into the dollar shave club at the end. Clever.
Made me laugh.

Author — NameYourChannel

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not gonna lie, that ad placement was brilliant; buying some just because the ad was so goddamn well-placed

Author — sgtOOX