Rockefeller family Net Worth: $10 Billion
Standard Oil, Rockefeller’s flagship company, was broken up in 1911 by the Sherman Anti-Trust Act. But the man’s greatest legacy, his family, lives on, spanning more than 200 people. According to Forbes’ list of America’s wealthiest families, they possess a collective net worth of around $10 billion.
The impact of the Rockefeller family is very much visible. The University of Chicago was founded by the legend himself. His son John D. Rockefeller Jr. built the Rockefeller Center, an expanse of 19 commercial skyscrapers in Midtown Manhattan. Many members of the Rockefeller family preside over the Rockefeller Foundation, the family’s philanthropic flagship which commands more than $3.5 billion.
When Standard Oil was broken up by the federal government, its spin-offs became today’s powerful oil companies like Exxon-Mobil, British Petroleum, Chevron and ConocoPhillips.
John D. Rockefeller became the world’s first billionaire in 1916. One billion in 1916 is approximately equal to $30 billion today, after adjusting for inflation. However, this underestimates the oil scion’s wealth.