Portal:Energy/Selected biography/7

John Davison Rockefeller, Sr. (July 8, 1839 – May 23, 1937) was a controversial American industrialist who revolutionized the oil industry and defined the structure of modern philanthropy. He is often regarded as the richest person in history.

Rockefeller founded the Standard Oil Company in 1870 and ran it until he retired in the late 1890s. He continued to retain his stock and his title as president until 1911, when the company was broken up for carrying out illegal monopoly practices. The new companies formed included the predecessors of Conoco, Amoco, Chevron, Esso, Mobil and Sohio. Rockefeller, who had rarely sold shares, owned stock in all of them. As gasoline had grown in importance his wealth had soared and he became the world's richest man and the first billionaire.

Rockefeller's fortune was used to create the modern systematic approach of targeted philanthropy with foundations that had a major impact on medicine, education, and scientific research. His foundations pioneered the development of medical research, and was instrumental in the eradication of hookworm and yellow fever. At his death, at the age of 98, Rockefeller's remaining fortune was estimated at $1.4 billion. As a percentage of the United States economy, no other American fortune has ever come close.