The Story Of World's First Billionaire

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The world got its first billionaire by measurable dollars in 1916 when John D Rockefeller achieved the status

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Mr Rockefeller used his keen business sense to establish Standard Oil Company that made him one of the wealthiest men in the world

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As per a 'Forbes' report, his formal business training included a 10-week class in accounting

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By 25, Mr Rockefeller's company was refining 90% of America's oil. His wealth was equal to $30 billion, adjusted for inflation

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Giving a perspective of his wealth, Forbes it is equal to a net worth of about $340 billion today

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Currently, Elon Musk is the richest man on the planet, with a personal fortune of just under $250 billion

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Library of US Congress said John D Rockefeller was born on July 8, 1839, to William Avery Rockefeller and Eliza Davison

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His family later moved near Cleveland, Ohio, where he attended Cleveland's Central High School

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Mr Rockefeller's first job was that of an assistant bookkeeper and he earned 50 cents per day

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He joined the oil business in 1870 and focussed on refining the crude oil. Mr Rockefeller married Laura Celestia in 1864

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