John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American business magnate and philanthropist. He was on his father's Advisory Committee in the family office, Room 5600. There is no doubting the efficiency of John D.’s business, which is of course why he, above all others in the burgeoning oil industry, was so successful. It was endowed by John D. Rockefeller and chartered in 1913 to alleviate human suffering worldwide. ... 78, widow of John D. Rockefeller III. Authoritative sources estimate that at the time of his death, in modern terms he had accumulated a fortune of at least $340 billion, which could have been much greater except for his generous philanthropic contributions made during the second half of his life. Rockefeller College at Princeton University was named in his honor in 1982. He contributed consistently to his Baptist Church, stating that his religious beliefs provided the impetous for his philanthropic donations. On November 11, 1932, he married the socially connected Blanchette Ferry Hooker (1909–1992), who was to serve as chairman of the Asian Cultural Council from 1980 to 1990, and who established the Blanchette H. Rockefeller Fellowship Fund, in Japan. Your email address will not be published. Since 1929, in total he sat on twenty boards of various institutions, most of which were family-related. He went to Princeton University where he received high honors in economics and graduated in 1929 with the degree of Bachelor of Science, choosing industrial relations as the subject of his senior thesis. He was a prominent third-generation family philanthropist in his own right and founder of the Asia Society, the major institution he established in 1956 to foster greater cooperation between Asia and the United States. His siblings were Abby, Nelson, Laurance, Winthrop, and David. Birthplace: New York City Location of death: Mount Pleasant, NY Cause of death: Acci. He is reported to have said that his two aims in life were to make $100,000 and live to 100. Standard Oil, to become the forerunner of all the modern major oil companies, was founded by Rockefeller in 1870. John D. Rockefeller was of English and German (father), and Scots-Irish (mother) descent. One of his forefathers named John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) is considered to be the richest man in the history. He further expanded vertical integration of the oil industry, controlling at every level of production from wells to retailers and even direct to homes. John D. Rockefeller III National Tournament of Elementary School State Champions, an annual national-championship chess tournament run by US Chess, was named in his honor in 2020. [4], Rockefeller III was chairman of the Commission on Population Growth and the American Future, which was created to provide recommendations to the United States government regarding population growth and its social consequences. The Fund was wound-up upon his death in 1979, but the Cultural Program continued as the Asian Cultural Council, which has provided grant assistance to more than 4,000 Asians and Americans in the area of the arts. He also founded the Population Council in 1952, and a reconstituted Japan Society. The more notable of these were: John III was at one time a member of the Council on Foreign Relations, the Foreign Policy Association and the Institute of Pacific Relations, as well as being on the board of directors of Princeton University. 23 May 1937, Ormond Beach, Florida, United States, Cleveland Central High school, Folsom's Commercial College, Laura Spelman Rockefeller (m. 1864–1915 d.), John D. Rockefeller Jr., Edith Rockefeller McCormick, Alta Rockefller Prentice, Elizabeth Rockefeller Strong, Alice Rockefeller, Lucy Rockefeller, William Rockefeller, Mary Rockefeller, Franklin & Frances Rockefeller. John D. Rockefeller had an inflation-adjusted net worth of $340 billion at the time of his death. He is a grandson of John Davison Rockefeller Jr. Jay graduated from Phillips Exeter Academy in 1955. John Davison Rockefeller III (March 21, 1906 – July 10, 1978) was an American philanthropist and the eldest son of John D. Rockefeller Jr. and Abby Aldrich Rockefeller. John D. Rockefeller Net Worth $340 Billion John D. Rockefeller was of English and German (father), and Scots-Irish (mother) descent. John D.’s policy was to buy smaller refineries and improve their efficiencies, but also to expand vertically, in particular by controlling methods of distribution and therefore transport costs, which with expert marketing eventually saw him attain a virtual monopoly in oil refining and distribution – railways and pipelines. This was a critical decision which not only profited Rockefeller in the short term, but laid the basis for his future enormous wealth. 1937), and his wife, Sharon Percy Rockefeller (b. John D. Rockefeller III Net Worth is $900,000 John D. Rockefeller III Bio/Wiki, Net Worth, Married 2018 John Davison Rockefeller III (March 21, 1906 – July 10, 1978) was a philanthropist and third-generation member of the prominent Rockefeller family. AKA John Davison Rockefeller III. In a survey conducted by Forbes in 2016, the entire Rockefeller family’s net worth is about $11 billion. In 1959, he received The Hundred Year Association of New York's Gold Medal Award "in recognition of outstanding contributions to the City of New York". Naturally, jealousies arose, but also some fears of monopolisation, and therefore price fixing, which encouraged federal and state legislatures to enact anti-trust laws, so that Standard Oil was eventually broken up after a federal court ruling in 1911. Alida Ferry Rockefeller (born 1948) is an American philanthropist. By 1914, Mr. Rockefeller was worth more than $1 billion (adjusted for inflation, that would be about $13.8 billion today). How much money is John D. Rockefeller worth at the age of 181 and what’s his real net worth now? Jay Rockefeller net worth: Jay Rockefeller is an American politician and socialite who has a net worth of $160 million. With their current net worth, the Rockefeller family is considered as the 22nd richest family in the world in 2015. [3], In the late 1960s, Rockefeller III was responsible for the creation of the Commission on Foundations and Private Philanthropy (usually known as the Peterson Commission, headed by Peter G. Peterson) and the Commission on Private Philanthropy and Public Needs (usually known as the Filer Commission). Rockefeller's maternal grandfather was former U.S. John D. Rockefeller went on to form the Standard Oil Company within three years of the Angola tragedy. Son of John D. Rockefeller III. They had one son and three daughters: John Davison Rockefeller III was killed in an automobile accident in Mount Pleasant, New York, (near the Rockefeller family estate in Pocantico), on July 10, 1978, at the age of 72. Democrat US senator from West Virginia, 15 January 1985-present. The Center itself was built over a period from 1959 to 1969. That’s code for murder. John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American business magnate and philanthropist. Just one example was the drop of 80% in the cost of kerosene over the years. In late 1950, he accompanied secretary of state John Foster Dulles and Douglas MacArthur on a trip to Japan to conclude a peace treaty, during which time he consulted with many Japanese leaders in practically every important sphere of that country's life.[2]. Lincoln Center for Performing Arts. The family eventually settled in Cleveland, Ohio, where John D. attended Central High School, and then took a business course, concentrating on bookkeeping. His Grandfather, John D. Rockefeller was listed amongst the Richest Persons of all time at rank 7. President of West Virginia Wesleyan College, 1973-1976. If converted to the present date, the net worth would amount to more than The richest ever person in the world? His father was an acknowledged con man, even as he engaged in shady dealings both around his home environment, and during extensive absences. Senator Charles H. Percy (1919–2011), and his paternal grandparents were Blanchette Ferry Hooker (1909–1992) and John D. Rockefeller III (1906–1978), the eldest son of philanthropists John D. Rockefeller Jr. and Abby Aldrich Rockefeller. However, Rockefeller was a master business tactician and manipulator, setting-up supposedly separate companies in each state, and so maintaining a totally dominant position in the oil industry over more than a decade, particularly so since the US was the major oil supplier in the world at this point, with almost 90% of production. Pictured is Nelson and David's eldest brother John D. Rockefeller III (left) at Claridge’s in London in 1946, as he pledged to give away $10 million to fund postwar Europe. John D. was a significant beneficiary to education and health causes, as well as to science and the arts. From The New York Times: The youngest of six siblings, David Rockefeller was … Among its many activities, the … Not that Rockefeller ever rested on his laurels, buying oil leases in several states as the fields in Pennsylvania dried-up, but also employing scientists and chemists to devise further uses for kerosene and petroleum. However, this period was during the civil war in the US, and part of the business was on behalf his brother Frank, who was in the northern army. Here’s a picture of Nelson Rockefeller, the Vice President of the United States, with his pal, the war criminal, Henry Kissinger, who also wants to kill you. He was its first president, commencing in 1956, and he became its chairman in 1961. Grandfather of John D. Rockefeller III, Nelson Rockefeller, David Rockefeller, Winthrop Rockefeller, and Laurance S. Rockefeller. Industrial Relations Counselors (John Jr.). Great-grandfather of Jay Rockefeller , and David Rockefeller Jr. . By the early 1880s, Rockefeller—perhaps influenced by his brush with disaster—was selling oil products specifically designed to make rail travel safer. Jay Rockefeller Net Worth $120 Million. The principal philanthropic institution he created was the JDR III Fund in 1963, its major program being the Asian Cultural Program, created in 1967 to encourage East-West cultural exchange. He was born on 8 July 1839 in Richford, New York State USA, and by the time he died on 23 May 1937 he had, in 1916, become the first person in the world to be called, literally, a billionaire, such was the fortune he had amassed, principally based on oil and of course its derivatives kerosene and petroleum. John D.’s influence in the oil industry was lessened somewhat, but still his net worth rose, as the companies total value increased five times in a very few years, such that Rockefeller’s personal wealth was close to $1 billion by 1910. 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