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By 1900, the richest man in the world was John D. Rockefeller, one of the founders and the man force behind Standard Oil (now known as Exxon). He had partners, like Henry Flagler (who later developed the East Coast of Florida and created Palm Beach), Stephen Harkness, Henry Rogers and O.B. Jennings, along with his brother William Rockefeller. All of these men became very rich, but John D. became like the legendary Croesus. His annual income at the beginning of the 20th cemtury was said to be in the neighborhood of $60 million a year. That's the equivalent of about $2 billion a year in today's currency. This was before income taxes too.
http://www.newyorksocialdiary.com/node/17858
Josh Harmatz
Voyage Financial Group
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∙ 14y ago
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