Thread by @themukulagrawal

Do You Know Who Is the First Billionaire?

Here is A Small Thread 🧵
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#BILLIONAIRE

John Davison Rockefeller was the world's 1st billionaire
He was an American business magnate and philanthropist. He has been widely considered the wealthiest American of all time and the richest person in modern history.
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#johndavison #business

John Davison Rockefeller with a fortune worth nearly 2% of the national economy. His personal wealth was estimated in 1913 at $900 million, which was almost 3% of the US GDP of $39.1 billion that year.
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#wealth #GDP

Timelines of John D. Rockefeller -
August 2, 1896 - An article documents Rockefeller’s life and his rise to wealth, from poverty to possessing millions of dollars.
April 1902 - John D. Rockefeller donates $250,000 to Barnard College, showing his dedication to education.
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May 1903 - John D. Rockefeller is on track to become a billionaire, with millions of dollars coming from oil profits.
March 1905 - The government orders an investigation into Standard Oil Trust.
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#oil #investigation

July 1, 1905 - John D. Rockefeller announces a donation of $10 million for higher education in the US.
April 6, 1909 - The government’s 3-year war to dissolve the Standard Oil Company reaches its final chapter, as final arguments are presented before the judges
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#education

Rockefeller's estimated $1.4 billion net worth in 1937 was equivalent to 1.5% of U.S. GDP. According to this metric, he was (and still is) the richest individual in American business and economic history.
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#history #us

With a peak net worth of approximately US$26.1 billion in May 2022 dollars, American oil magnate John D. Rockefeller was one of the richest people in American history.
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#american #rich