The first billionaire was John D. Rockefeller.
According to the reference provided, John D. Rockefeller, the founder of the oil dynasty, was the world's first dollar billionaire. At the time of his death in 1937, his estimated net worth was $1.4 billion, which is equivalent to approximately $21.7 billion in 2024.
Key Details About John D. Rockefeller
Rockefeller's wealth was primarily generated from his involvement in the oil industry, specifically through Standard Oil.
- Standard Oil: Founded in 1870, this company dominated the oil refining and transportation sectors for many years.
- Business Practices: Rockefeller was known for his shrewd business tactics and strategies that led to his massive accumulation of wealth.
- Legacy: Beyond being the first billionaire, Rockefeller is also known for his significant philanthropic contributions.
A Timeline of Rockefeller's Net Worth
| Year | Event | Net Worth (Estimated) |
|---|---|---|
| 1937 | Rockefeller's Death | $1.4 billion (equivalent to $21.7 billion in 2024) |
John D. Rockefeller's pioneering success in business and wealth accumulation makes him a significant figure in financial history.
