How 'richest man in history' made his billions and family heartbreak he faced (2024)

It's the family name that conjures up visions of vast wealth, power, and political intrigue – Rockefeller.

An American dynasty built on “black gold” oil would become one of the richest and most influential in history, while experiencing a wealth of tragedies too.

Yet when founder John Davison Rockefeller began his working life aged 16, his dream was to make just $100,000 dollars and live to be 100.

He'd done a ten week course in accounting and been toughened up by his con-artist father who boasted “I cheat my boys every chance I get. I want to make 'em sharp.”

Yet just 25 years later John D, Rockefeller, born appropriately in a town called Richford, New York, had become America's first billionaire.

He founded Standard Oil with his younger brother William and the eventually commanded a monopoly controlling 90 per cent of all America's oil.

By the time John died in 1937 - three years short of his centenary - he was the wealthiest man of his time and arguably of ALL time.

His assets equalled 1.5% of America’s TOTAL economic output - that's $340 billion dollars in today's terms.

So John D Rockefeller was more than four times richer that Bill Gates is today.

He retired in his late 50s and spent the final 40 years of his life enjoying the trappings of success, notably through a string of remarkable properties such as Kykuit, a six-storey home he built on the vast Westchester County estate and a 100-room holiday home called The Eyrie on Maine’s Mount Desert Island.

He also had a huge mansion on West 54th Street in New York – the site now occupied by the Museum of Modern Art which, was co-founded by his granddaughter, Abby Rockefeller.

In the 1930s his son, John D Jr, also built the famous Rockefeller Center comprising 19 skyscrapers in Manhattan.

John Jr's son David became a powerful banker.

But the tycoon’s true legacy was the remarkable philanthropy that saw him give away more than $1 billion to worthy causes, ranging from medical research to education. He is said to be the biggest medical benefactor in history.

His flagship company was broken up in 1911 but the Rockefeller family – which today has 174 members - is still worth more than $11 billion and has interests around the globe.

We look at some of the shocking secrets of the super-rich Rockefellers.

William Avery Rockefeller, John D.’s father, posed as a “deaf-mute peddler” to sell miracle potions and herbal remedies. Nicknamed “Devil Bill,” he also posed as an eye and ear specialist named Dr. William Levingston.

He had children with both his wife and mistress, the latter woman living with the family as their housekeeper.

Nelson Rockefeller John D's grandson, was a businessman turned politician and Governor of New York from 1959-1973.

When Gerald Ford took over from shamed President Richard Nixon on 1974 he appointed Rockefeller Vice President. But five years later he died from a heart attack at the age of 70.

Rockefeller Center security were said to have found him dead at his desk. But later reports issued a correction; the 70-year-old actually died a townhouse, where he was having sex with a 25-year-old aide. Nelson’s family contested this, but a longtime aide confirmed the affair.

Dr Richard Rockefeller, son of David and nephew of Nelson, devoted his life to philanthropy, rather than banking or politics. Tragically, he died aged 65, when his plane hit fog and crashed outside Harrison, New York. The 2014 flight had taken off from the nearby Rockefeller estate.

Winston Churchill almost wrote the Rockefeller story. The future Prime Minister wrote more than 40 books, earning the 1953 Nobel Prize for Literature.

But in the 1930s, the Rockefellers asked Winston to write John D.’s authorized biography. But he wanted a $250,000 advance. Even the wealthiest family in the world wasn’t willing to pay it, so they hired a Columbia University historian instead.

In 1961, Nelsons fifth son traveled to New Guinea.

Michael C Rockefeller, 23 was photographer and trustee of the Museum of Primitive Art an hoped to bring an indigenous art collection back to New York.

When his boat overturned, however, he tried to swim to shore and get help but despite a two-week search, he was never found.

Although his official cause of death is drowning, many think he was eaten by a crocodile or shark.

Some rumours suggested he made it to shore. And a month later, a Dutch priest spoke with men from the Otsjanep tribe, who admitted they killed a man who matched Michael’s description. They even showed the priest some bones. Rumours circulated that he had been eaten.

John D. Rockefeller Sr.’s great-niece killed herself and her two daughters. In 1951, Winifred Rockefeller Emeny, 46, started two cars in her Greenwich, Connecticut garage.

The socialite put her 12-year-old and six-year-old in one car and then laid on the ground nearby.

The maid discovered them dead from asphyxiation.

In the early 20th century, hookworms infected over 40% of American southerners, who experienced anaemia, exhaustion, and stunted growth. However, in 1910, John D. Rockefeller gave $1million to the Rockefeller Sanitary Commission, which mapped high-risk areas and treated infected people.

The group also improved sanitation in affected areas. Now, hookworm is under control and only found in small areas of the Deep South.

The Rockefellers are so busy and so numerous that they didn’t notice when a “Clark Rockefeller” began using their name to enter high-profile events, accept job offers, and even marry a rich woman.

Actually named Christian Gerhartsreiter, the German man was arrested in 2008 and sentenced to 27 years in prison in connection with an unrelated murder.

On the advice of a PR consultant, John D. carried around a bag of newly-minted dime coins and gave one to every person he met, from children to fellow millionaires.

A dime in the 1920s equals about $5 these days. It’s estimated that he gave away about $35,000 in dimes over his lifetime.

How 'richest man in history' made his billions and family heartbreak he faced (2024)

FAQs

How did Mansa Musa lose his money? ›

With his lavish spending and generosity in Cairo, (Mansa Musa) ran out of money and had to borrow at high rates of interest for the return journey. Ibn Battuta says that Mansa Musa borrowed 50,000 dinars from Siraj al-Din ibn al-Kuwayk, a rich merchant from Alexandria, after he had spent all his wealth.

Who is the richest man that ever leave? ›

Mūsā I is widely considered the wealthiest man in history. He made his wealth and that of Mali known through a long and extravagant pilgrimage to Mecca in 1324, the 17th year of his reign as emperor of Mali. Mūsā's rule defined the golden age of Mali.

Who was the richest man who ever lived how much was he worth? ›

Currently, all evidence points to Mansa Musa I of the Mali Kingdom. After adjusting for inflation, his net worth is set at an estimated $400 Billion USD. This is more than the wealth of Sam Walton, Warren Buffett and Bill Gates combined. He gained most of it from the vast gold deposits that existed in his kingdom.

Who is the closest person to being a trillionaire? ›

As of today, no billionaire is within striking distance of becoming a trillionaire. Elon Musk is, at present, the world's richest person, with a net worth of $206 billion, while Jeff Bezos is in the number two position with $179 billion, according to Bloomberg.

How many wives did Mansa Musa have? ›

It has been said that of all of Mansa Musa's wives (there were four), one was. nót only the most beautiful but also his favorite. She had many interests but, most of all, she loved to swim each even- ing with her ladies-in-waiting at a-special place in tie Niger which flowed through her husband's kingdom.

What happened to Mansa Musa's wealth when he died? ›

Mansa Musa died in 1337 and was succeeded by his sons. His skillful administration left his empire well-off at the time of his death, but eventually, the empire fell apart. Well after his death, Mansa Musa remained engrained in the imagination of the world as a symbol of fabulous wealth.

Who are the 6 trillionaires? ›

These are the only 6 trillionaires who lived on earth from history who reached the pinnacle of wealth.
  • Genghis Khan. 1206–1227. King of Mongol Empire. ...
  • Zhao Xu. 1048–1085. ...
  • Akbar, The Great. 1542–1605. ...
  • Amenhotep III. 1388–1351 BC. ...
  • Augustus Caesar. 63 BC-14 AD. ...
  • King Solomon. 970–931 BCE. ...
  • Mansa Mousa. 1280–1337.
Jun 30, 2021

Who is the last trillionaire? ›

No individual has claimed the status of trillionaire just yet. But a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency isn't unattainable, but it will be a couple of years yet. Only 18 countries have a GDP that exceeds that amount.

Who is going to be the first trillionaire? ›

Elon Musk: $226.6 billion

In addition to being at the helm of Tesla, Musk is CEO of rocket ship company SpaceX. In 2022, he also purchased Twitter, which is now called X, for $44 billion.

How rich would Solomon be today? ›

King Solomon Net Worth = $2.1 Trillion

It was all the harvest that came from his SEED (sacrifice) in 1 Kings that made God to swear a blessing on his head.

Who is the richest black man in the world? ›

Aliko Dangote has been the richest man in Africa for 13 years in a row, with a net worth of around $13.4 billion, and is the richest Black man in the world. Dangote's fortune is primarily built from Dangote Cement, although he started his business empire by selling commodities such as sugar, salt, and flour.

Who was the richest man who ever loved? ›

This emperor was the richest man who ever lived. He was so rich that even his slaves were clad in gold
  • African emperor Mansa Musa is thought to be the richest person who ever lived and his wealth was simply “indescribable” and “incomprehensible”.
  • Despite Mali being home to so much gold, it was not a well-known kingdom.
Feb 23, 2023

Is Taylor Swift a billionaire? ›

Swift's inclusion comes after Forbes declared the singer a billionaire in October 2023 and reported her net worth at $1.1 billion. In a rare feat, Swift is the first musician to reach the milestone solely from songwriting and performing.

Has there ever been a quadrillionaire? ›

We never would've thought in a million years we'd be alive to see the first quadrillionaire. We were wrong! That's right, an American man recently became the first person in the history of mankind to become a quadrillionaire. How did he amass such a fortune?

How much was Rockefeller worth when he died? ›

For example, economic blogger Scott Sumner noted in 2018 that Rockefeller was worth $1.4 billion when he died in 1937, about $24 billion in dollars adjusted to 2018. Meanwhile, Bill Gates in 1999 was worth nearly $150 billion in dollars adjusted to 2018. The second-richest person in terms of wealth vs.

How much money would Mansa Musa have if he was alive today? ›

Mansa Musa's fortune is due to the fact that he could have as much gold as he wanted. In total, the estimated wealth would be around 400 billion dollars (387.109 billion euros).

How rich would Mansa Musa be in today's money? ›

Historians say he was the richest person to have ever lived. Today, his wealth would be worth about US $400 billion. Mansa Musa came to power in 1312 CE after the previous ruler, Abu Bakr, disappeared at sea while exploring the Atlantic Ocean and never came back.

How rich would Mansa Musa be today? ›

Mansa Musa Net Worth = $400 Billion

Little wonder why his wealth was beyond comprehension (HARVEST).

Was Mansa Musa's gold ever found? ›

On his way back from his pilgrimage to Mecca, Mansa Musa hid a large cache of gold somewhere in Africa in case his kingdom should ever need it. But the location was hidden behind a series of questions and locked with a secret word. In over 700 years no one has solved the mystery.

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