What Was John D. Rockefeller’s Money Spent On?

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Although John D. Rockefeller built a significant fortune as an oil magnate, the majority of his profits were used to support philanthropic groups, promote the arts, and maintain educational and medical institutes. At a time when most American labourers earned $8-$10 per week, John D. Rockefeller made millions of dollars. Instead of hoarding his riches to himself, Rockefeller shared it with others in American society by investing in activities and projects that benefited others.

John D. Rockefeller, who was born in 1839 and died in 1937, lived for nearly a century. Rockefeller was born into poverty and rose to tremendous success as a businessman. Rockefeller was born in the New York village of Moravia. His father practised herbal medicine, while his mother was a devout Catholic who instilled Jesuit principles in her son. After graduating from high school, Rockefeller went to business school and then entered the workforce, initially working for a shipping company. Rockefeller put aside money from his job, which he subsequently used to start a modest sales company. Rockefeller eventually went on to oil refining, which proved to be a very profitable business and earned him the title of America’s first billionaire.

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