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Feb 8, 2024 · The Rockefeller fortune began with oil tycoon John D. Rockefeller, America's first billionaire, who founded Standard Oil in 1870. He and his son John Jr. dedicated themselves to...
May 13, 2024 · Rockefeller had amassed a net worth of nearly $900 million by 1912, according to Smithsonian Magazine. That’s equivalent to about $28 billion in today’s dollars and a staggering sum by...
- Family Business
- The Bureau of Social Hygiene
- War Work
- JDR Jr.’s Creed
- Business Ethics
- Religion
- Conservation
- International Relations
- International Education Board
- United Negro College Fund
After graduating from Brown, JDR Jr.’s first job was in his father’s office at 26 Broadway in New York, where he worked closely with his father and the Rev. Frederick T. Gates, a principal advisor for business, philanthropic, and civic matters. JDR Jr. joined his father in the creation and development of the Rockefeller Institute for Medical Resear...
One of JDR Jr.’s early activities in the field of social research grew out of his service in 1910 as foreman of a Special Grand Jury in Manhattan that investigated human trafficking. The Grand Jury’s much-publicized work led him to establish the Bureau of Social Hygiene in 1913. With his contribution of $5.4 million, the Bureau carried out intensiv...
During World War I, JDR Jr. traveled the country speaking to audiences of soldiers in military camps and talking privately with those wanting advice and counsel. He also served as chair of the United War Work Campaign in New York, which raised $35 million for the various private organizations working with the troops. In 1941, before the attack on P...
During this period, JDR Jr. expressed in one concise statement his philosophy of life. On July 8, 1941, in a radio broadcast originating from the Empire State Building in Manhattan, he participated in an appeal on behalf of the USO and the National War Fund. JDR Jr. gave a statement of principles that was widely reprinted under the title, “I Believ...
After World War I, JDR Jr. became a leader in the movement against the 12-hour work day and the 7-day work week still prevalent in many industries. He said in a published statement in 1922 that working men and women should have better conditions because improved conditions represent the soundest economic policy. In 1929, JDR Jr.’s views on business...
All of his life, JDR Jr. was deeply interested in matters relating to the Protestant church, and he was a leader in the interfaith movement. For many years he led the Young Men’s Bible Class of the Fifth Avenue Baptist Church in Manhattan, and he was honorary president of the Men’s Class of its successor, the Riverside Church. He gave millions to t...
One of JDR Jr.’s deep interests was the conservation of natural resources. He traveled extensively to study U.S. recreational and conservation needs. To the Acadia National Park in Maine and related projects, he gave $3.6 million. At a cost of $5.9 million, he built and turned over Fort Tryon Park to New York City, where he erected The Cloisters to...
JDR Jr.’s deep interest in international relations was reflected by his many contributions to international causes. Perhaps most outstanding was his gift of $8.5 million in December 1946 for the purchase of the land for the permanent home of the United Nations in Manhattan. Previously, JDR Jr. had given the library building in Geneva to the League ...
In 1923 JDR Jr. founded the International Education Board (IEB), to which he gave more than $21 million. The Board operated in the fields of the natural sciences, the humanities, and agriculture, and one of its notable contributions was $1.4 million toward the 200-inch telescope on Mount Palomar, California, which was dedicated in 1948. The telesco...
JDR Jr. had a continuing interest in improving educational facilities and opportunities for African-Americans. He became chair of the advisory committee of the United Negro College Fund in 1944, and his contributions of $5.2 million helped the Fund meet the financial needs of more than 30 accredited, private colleges.
Sep 1, 2016 · In his book Outliers, author Malcolm Gladwell estimated the value of Rockefeller's fortune at its peak, in today's dollars, at $318.3 billion. You read that right: John D. Rockefeller, the...
Sep 1, 2016 · In his book Outliers , author Malcolm Gladwell estimated the value of Rockefeller's fortune at its peak, in today's dollars, at $318.3 billion. You read that right: John D. Rockefeller, the...
John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American business magnate and philanthropist. He was one of the wealthiest Americans of all time [1] [2] [3] [4] and one of the richest people in modern history.
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Dec 22, 2022 · In 1917, John transferred $460 million to his only son, John D. Rockefeller, Jr. That's the same as around $9.3 billion today.
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