"John D. Rockefeller:

The Man Who Built an Empire!”

The first billionaire in history, the man who took over the American economy. He monopolized oil and had the US market on his hands. They say he's the richest man to have ever lived. His wealth was about 400 billion dollars. John D. Rockefeller, also known as the Oil Baron of Cleveland. The Rockefellers were a German family who had six children. The second son was named John who was born in the year 1839 in New York. Their father was often moving from one city to another. Cause of financial situation was very tight. John would do any job he could find to meet the needs of his mother. At some point, their father disappears. After that, he moved to Cleveland with his mother in the year 1854.

After about a year and a half he left the school. He felt like school was just wasting his time, so he got a job at a bookstore near their house. He worked full days for only 50 cents. John persevered with the job and tolerated the low pay. But after some time, he left the bookstore knowing that this was the beginning of his plans. He'd been thinking since he was little about how to escape from the poverty, he was living in. So based on his good reputation and these relationships, he went to the bank and asked for a loan of 4 thousand dollars. John took the loan and ventured into the world of fruits, vegetables, meat and food products. In just one year he made more than half a million dollars in profits from his business. Most of the profit went back to the bank, but he gained experience, grew his network and learned how the market swings. After that, the banks were chasing him, asking him to take a loan from them. And he was not even 18 years old yet. But the real game changer for John was when he discovered the first oil well in America.

A New era in Pennsylvania. John was thinking about the oil business in this new opportunity, he realized there was a huge risk involved. The problem was that there were a lot of companies before him that went bankrupt before they could even get the oil out. So, John D. Rockefeller decided he would buy it and refine it. Also, he was waiting for the government to launch a railway line so that they could start transporting oil and its products. Johnny Boy was ready along with his partners and the banks who were ready to support John financially. At this time. John was thinking there has to be more ideas to it, so he got together. A team of scientists, chemists, and engineers created a conducive work environment for them and they put plans and goals so they could find out what else this oil could be used for. Back then, the best oil refining machines could only work at about 60 percent capacity, but john's machines took that up a notch. They started to produce new stuff like tar wax and crude gasoline. In just two years, these machines were worth more than 70 thousand dollars.

Managing this empire became a heavy load and John found it increasingly difficult. So, he decided to start a new company and merged all the businesses and departments into one company called Standard Oil. He has set up a meeting with his rivals. He enthusiastically told them Whoever stands in my way, they'll be crushed. Then after that, he offered to buy all their companies at a reasonable price. They started working under his new company and of course some competitors agreed to sell, fearing the worst, while others declined. After that, he dropped oil prices by 80 percent. This essentially suffocated his competitors and their companies. He pushed them into bankruptcy.

John managed to secure all the oil refineries in Northeast America. His competitors were shocked, so they all started to attack the Standard Oil Company from businessmen to politicians. Even the media joined the fray. They tried to pass a law to prevent John from monopolizing and they tried to stop him from expanding his business. But he was always one step ahead. John started to gain more control than ever, so at that moment. Standard Oil Company was in the top position and its market value was high as it possessed more than 2 thousand barrels of oil and 4 thousand kilos of pipeline. He started losing control of the market both domestically and abroad as they discovered alternate sources in Russia for oil. That's when the Rothschild family came into play, making a major move to take over the Russian oil scene. I've already talked about this family, the Rothschilds and how they control the economy, politics and health.

They own half of the world's wealth. They actually managed to take over these sites in Russia and easily transported them to America. The federal government issued a law prohibiting monopolies which gave politicians the power to confront John and to take on his Standard Oil Company. But despite all these issues, the government couldn't fully investigate the company because it was too big. It'd have taken years to finish after they eventually did a few years later. John by then had amassed a fortune beyond imagination and his influence on the market had reduced significantly. The value of Standard Oil reached one trillion dollars. That's an astronomical figure, hence why the dissolution of the company was expected afterwards. They imposed penalties on the company because they were competing illegally, and indeed they split the parent company into 34 separate ones. What the politicians didn't know at the time was that this division turned out to be the biggest profit in john's life. Over time, these companies reemerged and some of them still exist today. John's stake in these companies made him the richest businessman ever known in history. John D. Rockefeller's wealth is estimated at 400 billion dollars.