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

Автор — 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.

Автор — Daniel Park

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(((Rockefeller & Rotschild))), the cancer of our earth.

Автор — Goyim

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That transition... just leaving this here.

Автор — Kyle Li

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John D was making boss moves back in the day

Автор — Zachary Laid Finding Freedom

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I am gonna become a billionaire without using dollar shave club

Автор — Anmol Patel

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At 6:13 theirs an anime chick in the photo

Автор — Raul Llamas

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@6:12 WTF he employed an anime character?

Автор — Geary Hinolan

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

Автор — Molana Rumi

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Why don't they teach you this at school?

Автор — SRTUV1

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rockefella and all the other families can rot in hell

Автор — otoot kol

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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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Jewish rothschild took down rockefella and took over the oil companies

Автор — frank salz

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

Автор — Shelby

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The Rothschilds Family is the richest family at present, but the richest man in the World ever is *Mansa Musa* !!

Автор — Shadab Anwar

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Rockefeller and rothchild is one of the biggest sin in this universe

Автор — Joel Zimmerman

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Dat seemless transition to sponsorships is quite amazing

Автор — BloodnutXcom

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6:13 hidden anime character in the picture

Автор — shotiko iasashvili

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I love how everyone is talking about the dollar shave club

Автор — Greatest Ever