“Rockefeller, John Davison (1839-1937), was an American businessman,... who made a fortune in the petroleum industry, and became famous for his philanthropy (charity).” (World book, vol 16,). He was the leading force behind the development of the Standard oil Company, which grew to dominate the oil industry and became one of the first big trusts in the United States, thus engendering much controversy and opposition regarding its business practices and form of organization. Rockefeller also was one of the first major philanthropists in the U.S., establishing several important foundations and donating a total of about $550 million to charitable purposes.
“The Standard oil company was established in 1870… by Rockefeller” along with “Andre
John D Rockefeller became wealth for his involvement in the Standard Oil Company, but the thing that really made him famous is the numerous contribution that he made to charity. Rockefeller was 57 years old in 1896 when he decided that others should take over the day-to-day leadership of Standard Oil. He now focused his efforts on philanthropy, giving away the bulk of his fortune in ways designed to do the most good. From the day he started donating money to charity to the day he died, he donated about $550 million dollars. Most of this money was either donated to charitable organizations that he developed or to institutional facilities.
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