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

Автор — Simon Desue

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Автор — pluto

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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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That transition... just leaving this here.

Автор — Kyle Li

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That is nothing against the voc !!! Nederland

Автор — Boy Branderhorst

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

Автор — Molana Rumi

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

Автор — Mohaamd_7

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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.

Автор — Daniel Park

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I love the segwey... Dollar shave club in the end LOL

Автор — ṅєṃe̶s̶i̶s̶ 26

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Who needs billions in the bank when you can have a clean shave...

Автор — Amos T

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hahahh that add transition was awesome xD

Автор — Joel Westerdal

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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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When the ad transition is smoother then my smooth shave with dollar shave club 😩😩

Автор — DashFlash- The Life

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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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I love how everyone is talking about the dollar shave club

Автор — Greatest Ever

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no, wrong. his dad was a snake oil salesmen often referred to as devil bill, and he taught all his sons the skill of coning and deception

Автор — beef rat

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Dat seemless transition to sponsorships is quite amazing

Автор — BloodnutXcom

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I am gonna become a billionaire without using dollar shave club

Автор — Anmol Patel

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There have been a lot of trillionaires in the past, u forgot mansa the richest ever then the past king of Israel King Solomon the Great

Автор — Jamalee Andrews

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Rothschild Banksters have better than 1/2 of the ENTIRE WORLD'S WEALTH !

Автор — sojourn Traveler