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| John D. Rockefeller |
John D. Rockefeller, richest American to have ever lived. At the time of his death in 1937, he was worth $340billion in today's dollars - he was also the first American acquire a net worth over $1billion. In 1870, he founded the Standard Oil Company, which dominated American Oil production and his monopoly was eventually broken up by the U.S. government into smaller companies including Amoco, Chevron Conoco, and ExxonMobil.
Two years after building an oil refinery in 1863 with his business partner Maurice B. Clark, Mr Rockefeller bought him out for $72,500 and established the firm of Rockefeller & Andrews, which he said 'determined' his career.
He then spent the last 40 years of his life in retirement, using his fortune to create foundations that had an unparallelled effect on medicine, education, and scientific research.
In 1884, Rockefeller provided major funding for a college in Atlanta for African-American women, which became Spelman College, also giving $80million to the University of Chicago, turning the small Baptist college into a world-class institution by 1900.
It was after Standard Oil moved its headquarters to Manhattan at 26 Broadway that Mr Rockefeller became a central figure in the New York City's community.
In 1901, he founded the Rockefeller Institute for Medical Research, which was instrumental in the eradication of hookworm and yellow fever, and later changed its name to Rockefeller University in 1965.
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