{"id":321092,"date":"2021-08-01T17:35:00","date_gmt":"2021-08-01T14:35:00","guid":{"rendered":"https:\/\/inform.com.de\/?p=321092"},"modified":"2021-05-01T08:21:41","modified_gmt":"2021-05-01T05:21:41","slug":"john-davison-rockefeller-biography-and-success-story-the-first-billionaire-in-human-history-john-davison-rockefeller-is-the-richest-man-in-the-world-in-the-history-of-mankind","status":"publish","type":"post","link":"https:\/\/inform.com.de\/en\/john-davison-rockefeller-biography-and-success-story-the-first-billionaire-in-human-history-john-davison-rockefeller-is-the-richest-man-in-the-world-in-the-history-of-mankind\/","title":{"rendered":"John Davison Rockefeller – biography and success story. The first billionaire in human history. John Davison Rockefeller is the richest man in the world in the history of mankind."},"content":{"rendered":"

Biography<\/h2>\n

Born in New York at 10, 54 West Street. In 1936 he graduated from Harvard University, studied for a year at the London School of Economics and Political Science. In 1940, he defended his doctorate in economics at the University of Chicago, his dissertation was titled “Unused Resources and Economic Waste” (Eng. Unused Resources and Economic Waste). In the same year, he first began working in the public service, becoming secretary to the mayor of New York, Fiorello La Guardia. From 1941 to 1942, David Rockefeller worked in the Department of Defense, Health and Human Services. In May 1942, he entered the military service as a private, and by 1945 he rose to the rank of captain. During the war years, he was in North Africa and France, working for military intelligence. After the war he took part in various family business projects, in 1947 he became director of the Council on Foreign Relations. In 1946, he began a long career at the Chase Manhattan Bank, of which he became president on January 1, 1961.<\/p>\n

According to the precepts of the grandfather<\/h2>\n

David Rockefeller was the last grandson of the founder of the dynasty, the first dollar billionaire in the history of mankind, John Rockefeller. He was born in New York in 1915 and was raised according to the behests of his great grandfather – from childhood, Rockefeller's descendants were taught to earn money and skillfully handle them in order to avoid the temptation of an irresponsible attitude towards a colossal inheritance. For the completed task, the family was supposed to be rewarded. As Rockefeller himself recalled, his father promised them $ 2.5 thousand if they did not drink and smoke until the age of 21, and the same amount if they held out until 25 years.<\/p>\n

David Rockefeller received an excellent education. He graduated from Lincoln Private School and attended Harvard University. He graduated in 1936 with “moderate success” and studied for another year at the London School of Economics and Political Science. And in 1940 he defended his doctorate in economics at the University of Chicago. But the main thing that Rockefeller learned from his training for his future career was the ability to establish personal contacts. In the same year, he begins to work in the public service – first as Secretary to the Mayor of New York Fiorello La Guardia, then in the Department of Defense, Health and Human Services.<\/p>\n

John D. Rockefeller II and his sons David, Nelson, Winthrop, Lawrence, and John D. III.<\/p>\n

Although Rockefeller was a member of a powerful family, the war did not pass him by. In 1942, he entered the military service as a private, and by 1945 he had risen to the rank of captain. During the war, he was sent to Algeria to build a network of informants for military intelligence. It was through this work, first in North Africa and then in France, that Rockefeller “discovered the value of reaching out to people of importance in order to achieve specific goals.”<\/p>\n

The banker and the “gray eminence”<\/h2>\n

After the war, he accepted his uncle's offer and in 1946 joined the Chase bank as an assistant manager, one of the lowest positions. Thanks to his talent as a diplomat, Rockefeller, for example, persuaded the management of a bank in Panama to accept cattle as collateral, and during the Castro revolution in Cuba, when all American property was confiscated, Rockefeller not only managed to avoid possible losses for the bank, but more than compensated them … In addition, he merged Chase with the Bank of Manhattan and became its president in January 1961. Over the years, Rockefeller was able to transform the Chase Manhattan bank into a global international organization. However, in 1981, he left his post due to the achievement of the maximum age allowed by the bank's charter for this position.<\/p>\n

During his life, Rockefeller met with more than 200 heads of state and government and flew more than 5 million miles by plane. He met with Nikita Khrushchev, Alexei Kosygin, Fidel Castro, Deng Xiaoping, Mikhail Gorbachev and others. The latter, already in 1992, Rockefeller allocated 75 million dollars to organize a global fund and “the presidential library on the American model.”<\/p>\n

\"John<\/a><\/p>\n

Its influence on world politics can hardly be overestimated. In 1954, he chaired the Council on Foreign Relations, and in 1973 founded the Trilateral Commission, an influential private international organization whose purpose was to discuss and find solutions to world problems. He is considered a member of the “world government” – in large part due to his membership in the Bilderberg Club. He took part in all meetings of the club, since the very first in 1954. Was a member of the “governing committee” that determines the list of people to be invited to meetings. It includes national leaders, who then often go to the polls. This happened with Bill Clinton, who, while still the governor of Arkansas, was invited to the club meeting in 1991. Journalists have repeatedly noted that the meetings of the Bilderberg Club are more influential,<\/p>\n

Rockefeller himself denied his involvement in a secret “world government” and wrote in his memoirs:<\/p>\n

“For over a century, ideological extremists at all ends of the political spectrum have enthusiastically referred to some notable events, such as my bad experience with Castro, in order to accuse the Rockefeller family of the overwhelming and threatening influence they claim we have. on American political and economic institutions. Some even believe that we are part of a secret political group working against the interests of the United States, and characterize my family and me as “internationalists” who have conspired with other groups around the world to build a more integrated global political and economic structure – one world if you like. If the accusation lies in this, then I plead guilty, and I am proud of it. “<\/p>\n

\"John<\/a><\/p>\n

With Mikhail Gorbachev.<\/p>\n

Early years. Military service<\/h2>\n

David Rockefeller was born in 1915 and was the youngest of six children of John D. Rockefeller Jr. David's father was the only son of John Davison Rockefeller Sr., creator of Standard Oil and the richest man in history. David's mother was Abby Aldrich Green, the daughter of one of the leaders of the Republican Party, Nelson Aldrich.<\/p>\n

The press called their marriage a union of two of the most powerful families in the United States. In his memoirs, David Rockefeller devotes a lot of time to family life and the habits of his legendary relatives.<\/p>\n

From childhood, David was instilled with the realization that he was one of the heirs of Rockefeller and was responsible for this. The upbringing proved to be effective, and each of the five brothers achieved significant success. The Rockefellers were a religious family. Each day began with a 15-minute prayer. It was impossible to be distracted – for this followed the punishment.<\/p>\n

David attended Lincoln Private School in New York. It did not belong to the elite class of educational institutions, the cost of education was low, and therefore children from different families studied in it. David was sent to school at age 5 and graduated at age 16.<\/p>\n

Rockefeller claims that the emphasis on individual work in the school curriculum helped him cope with the workload. He suffered from dyslexia, but his academic performance at Lincoln was largely unaffected. Rockefeller's favorite subject was history.<\/p>\n

John D. Rockefeller II and his sons David, Nelson, Winthrop, Lawrence, and John D. III<\/p>\n

The disadvantages of schooling and the consequences of dyslexia, he fully felt while studying at the Faculty of Economics at Harvard University. I overcame the first course with difficulty, although on the whole I studied well. In his final year of study, David decided to link his career with international banking and completed his postgraduate studies with a doctorate.<\/p>\n

He spent a year at the London Business School. He studied German while living in a boarding house in Germany in 1933. He spoke negatively about Nazism and Hitler. In 1934, David's father established trust funds for children and a wife, to which he sent $ 60 million each in order to avoid inheritance taxes. The amount in their accounts increased, and as a result, most of the Rockefeller fortune was there.<\/p>\n

After receiving his doctorate, Rockefeller, under the patronage of state official Anna Rosenberg, began to work as secretary to the mayor of New York. In 1941, he transferred to the Department of Defense, Health and Human Services. It was led by Anna Rosenberg in New York, and David was promoted to her assistant.<\/p>\n

Rosenberg made David responsible for part of the western part of the state. Factories were opened there, which entailed a number of social problems that needed to be addressed. In the process, I had to learn how to negotiate and find a way out of spontaneously arising problems.<\/p>\n

In 1942, David volunteered for the army. He began his service as a private, although he could use his father's influence and become an officer. After training, he served as a corporal on guard duty in Miami Beach and moonlighted as a courier. In 1943, Rockefeller graduated from the officer's school and became a lieutenant in the engineering troops.<\/p>\n

He then trained as an intelligence officer at Camp Riche and was an instructor in the French department of that intelligence school for several months. In the fall of 1943, Rockefeller was sent to Algeria, where he was supposed to serve in the Eisenhower troops.<\/p>\n

The main reason for this appointment was that David knew French. He was engaged in creating a network of agents, with which he coped quite successfully. In 1945 he served as assistant military attach\u00e9 in Paris and was promoted to captain.<\/p>\n

However, his powers in this post were much broader: based on contacts in de Gaulle's government, he organized an intelligence unit and began collecting information on the activities and competition of French intelligence services, government disputes and problems of the French economy.<\/p>\n

Rockefeller was demobilized after the war. He argued that his period of military service had an extremely positive impact on him, teaching him the importance of making contacts.<\/p>\n

Charity<\/h2>\n

In November 2006, The New York Times estimated his total donations to be over $ 900 million.<\/p>\n

In 2008, Rockefeller donated $ 100 million to his alma mater to Harvard University, the largest private donation in its history.<\/p>\n

Business<\/h2>\n

Oddly enough, David Rockefeller did not immediately strive to take the highest step in the hierarchical ladder and, after defending his doctorate, entered the rather modest position of secretary to New York Mayor Fiorello LaGuardia, famous for his fight against mafia clans, as well as corruption and poverty. But the young financier did not stay in the civil service for long: the war was to blame.<\/p>\n

\"John<\/a><\/p>\n

David Rockefeller in his youth<\/p>\n

In the spring of 1942, David Rockefeller went to military service. He entered the army as a private, and in 1945 he was already a captain. During the war years, the future financial genius served in North Africa and France: he worked for military intelligence.<\/p>\n

After the defeat of Nazi Germany, David Rockefeller returned home in 1946 and actively joined the family business. And he started again at the bottom rung – assistant manager of one of the Chase National Bank departments. It is noteworthy that most of the shares of this bank belonged to the Rockefellers, and David could take any of the top positions, but he understood that in order to achieve success, he must thoroughly study each “link” of a complex mechanism.<\/p>\n

\"John<\/a><\/p>\n

David Rockefeller – luminary of the banking business<\/p>\n

In 1949, David Rockefeller was already vice director, and a year later he sat down as vice president of the board of Chase National Bank, which was in charge of international affairs. All this time, the financial tycoon behaved surprisingly modestly: he rode the subway, holding a briefcase with papers between his legs and reading a newspaper.<\/p>\n

In January 1961, the banker became president of Chase Manhattan Bank and remained in this responsible position until April 1981. 66-year-old David Rockefeller retired only because he reached the age limit allowed by the charter of a financial institution.<\/p>\n

Rockefeller's innovations were revolutionary at that time: for example, in Panama, he managed to persuade the bank's management to accept cattle as collateral.<\/p>\n

Personal life of David Rockefeller<\/h2>\n

For many decades he has been devoted to his wife Margaret, whom he lovingly calls Pegy. It is curious that in the history of the owners of millions of states there are cases of long-term and pure love. Although, of course, history may be silent. In marriage, the Rockefellers raised six heirs. David the Younger, born in 1941, Abby in 1943, Nevu goodwin in 1944, Pegy Gyulani in 1947, Richard in 1949, and Eileen in 1952.<\/p>\n

David Sr. currently has 10 grandchildren: children of David's son: Ariana and Camilla, children of Neva's daughter: David, Miranda, children of Peggy's daughter: Michael, children of Richard's son: Clay and Rebecca, children of Abby's daughter: Christopher, children of Eileen's daughter: Danny and Adam.<\/p>\n

In general, the clan is expanding and expanding. By the way, the oil oligarchs, perhaps, are not in vain subjected to press harassment, since the scandalous story of the voluntary dismissal of Miranda Duncan (Rockefeller's granddaughter) from the post of investigator in the corruption case under the UN Oil-for-Food Program caused a wide response in the press.<\/p>\n

The Rockefeller family lives at the Hudson Pines residence in Westchester County. David also has a huge house in Manhattan at 65 East Street. He also has a house in New York, Columbia. The Simmental meat farm is also located there.<\/p>\n

Cinderella from Russia<\/h2>\n

Michael Charles Rockefeller's bride, dubbed “Russian Cinderella” by the tabloids, has little in common with the heroine of the fairy tale. She is a successful manager, in her resume – the administration of the Krasnoyarsk Territory and high positions in Rosneft and the developer SDI Group. Today Grishchenko is responsible for relations with investors and government bodies at Synergy. Career growth, according to Olga, was gradual – without jackpots. She graduated from the Faculty of Foreign Languages \u200b\u200bof the Krasnoyarsk State Pedagogical University, in the last year she gave birth to a son. Ten months later, she went to work in the regional administration – as an assistant to the deputy governor, and then as an adviser on international relations and investments. At the same time, she was educated as a lawyer, and then as a diplomat at the Moscow Diplomatic Academy.<\/p>\n

Grishchenko, according to her, began working with Rosneft as part of the regional administration's team when the oil giant discovered the Vankor field. In 2009, after the launch of the field, she received an offer to work in the Moscow office of the company. She spent four years at Rosneft, after which she moved to the position of vice president at Integrated Energy Solutions LLC, and then for another year combined this position with the position of first vice president of SDI, since she oversaw a joint project of the companies. In 2018, she got into Synergy, one of the leaders of Russian private higher education. Under Grishchenko, Synergy won three contests of the Ministry of Economic Development: two for the popularization of entrepreneurship for 798 million rubles and 83 million rubles and a show jumping of the federal project “Acceleration of small and medium-sized businesses” for 225 million rubles.<\/p>\n

Mystery on Broadway<\/h2>\n

According to Michael, Rockefeller & Couts LTD started out as an asset management firm. “Before its foundation, I had a purely corporate and financial experience, which was reflected in the initial structure. Clientele, connections and resources, which were previously my own capital, became an asset of the company, and this helped us a lot at first “- describes in the most general terms the specifics of Rockefeller's work.<\/p>\n

In August 2018, according to the British registry, the company was officially liquidated. Michael explains this with a desire to enter the international market – to do this, in his opinion, is much easier on behalf of an American legal entity. At the same time, there is a note in the British register that Rockefeller & Couts LTD was closed automatically, and not at the initiative of the owners. “The company was removed from the register simply for inactivity,” Michael responds.<\/p>\n

In the United States, Rockefeller & Coates continued to operate under the Rockefeller & Couts International brand. Michael says that the new legal entity was registered in one of the US states under a name different from Rockefeller & Couts. Whatever – does not say: “Let me be honest: we work on the DBA system for a specific reason. The name of our legal entity has a reputation as an aggressive player in the development market in the United States, which we do not want to name publicly. “<\/p>\n

DBA – Doing Business As is the way the company operates, explains Anna Aronova, attorney for US visa and immigration law. It means that the company and the brand, on behalf of which the project operates, do not coincide. A company can choose this form for several reasons. “First, the company wants to work under a beautiful name that is already taken (or the company was registered earlier and does not want to change the legal entity for the sake of branding). Second, the company develops several brands and does not want the consumer to know that they all belong to the same owners. This is done, among other things, to create artificial competition. Third, the company has something to hide, and it hides under a brand different from a legal entity, “the lawyer lists. According to her, this model of work in the United States is quite common and “does not raise questions.”<\/p>\n

The company's website does not provide any contact information other than the address – New York, Broadway. Rockefeller & Couts International is not registered at the address indicated, and no distinctive signs are visible on the Google Maps panorama. Michael himself says that this is the nominal correspondent address. He does not disclose the real location of the company. “Our activity attracts the attention of the media, and we do not give our address publicly, otherwise it would bring dozens of journalists to the front door of the office every day. The correspondence address we legally have is for public inquiries, “Rockefeller comments. At the time of publication of the material, no response was received to the Forbes correspondent's request for possible cooperation, left in the feedback form on the Rockefeller & Couts International website.<\/p>\n

Not everything is so simple with the Salamis Island Foundation. Michael claims that his company is partnered with the International Salamis Foundation, which is registered in Attica. A company with that name does not have a website, only Facebook. It contains the email address of Kyriakos Maridakis, Vice President of the International Salamis Foundation. When asked by Forbes, Maridakis replied that Rockefeller was “a wonderful person who voluntarily supported the desire to promote the cultural heritage of the island of Salamis.” Michael, he said, provided services “related to tourism development projects and the maintenance of ancient historic sites, educating the world on the international symbolism of the naval battle on Salamis that saved Europe and Western civilization.” What exactly did Rockefeller do for Salamis Island and did he invest in the Salamis Fund, Maridakis did not elaborate. The vice president did not provide any documents confirming the cooperation between Rockefeller & Couts and the International Salamis Foundation.<\/p>\n

Partner with IMDb<\/h2>\n

Inconsistencies in the biography are not the only weak point in the history of the young Rockefeller. Questions are also raised by his company Rockefeller & Couts International, which, according to the owner, “develops innovative construction technologies that make premium properties more affordable and more environmentally friendly.” At the same time, according to the entrepreneur, before launching the project, he managed to gain rich corporate experience.<\/p>\n

Back in Israel, Michael, as follows from his story, presented a business plan with life goals to his grandfather's court. He saw the potential in the young man and took to work in the family business – a hedge fund, the name of which Michael does not disclose. A website that sells tickets for Michael's business trainings in Russia says that prior to starting the business, Michael served as a senior finance and investment officer at the family company and its offices in the United States and Europe, where “he gained experience in areas such as financial planning and analysis, business conduct, capitalization process, investor relations and internal audit “. The site claims that Michael has extensive experience “in building and managing financial teams not only in small businesses, but also in large corporations.” But where exactly he worked, the entrepreneur does not specify.<\/p>\n

In 2015, Michael, he said, moved to London, where two years later he opened Rockefeller & Couts LTD. The second part of the company name comes from the surname of Rockefeller's partner – Daniel Coates, who appears in the register as Daniel Cootsavakis. With a British of Greek descent, Michael, according to him, met in the British capital immediately after moving. “He was then a bright young man completely out of the business world. His family was involved in music production. He studied mainly cinematography, directing, and even began to shoot something, “- lists Rockefeller. Indeed, the very first link in the search engine for Daniel Couts leads to the online movie database IMDb. Coates' profile states that he was born in London in 1996 and that his parents “are well established in the music and entertainment industry.” When Daniel was 8 he moved with his parents to Athens, and at 15 returned to Britain. In Greece, Coates studied music and theater, in London he continued his education in the entertainment industry (where exactly – not specified), then professionally took up directing, acting and music.<\/p>\n

Coates' list of works includes several short films and the documentary television show Strictly Business, created in partnership with Rockefeller. The program will be released in 2020. As part of the show, Michael and Daniel will travel the world and interview what they believe to be the most influential business and public figures. With the help of the show, Rockefeller plans to raise $ 1 million for charity. In the description of the show on IMDb, it is about the Make a Wish Foundation, which helps sick children, and in a conversation with Forbes, Michael said that the funds will go to fight environmental problems.<\/p>\n

After Rockefeller and Coates became friends, Michael proposed to Daniel to start an investment company: “He has character traits that I lacked, and I have knowledge that he lacked.” Another owner of Rockefeller & Couts is 24-year-old Elina Lebedeva – Michael's ex-wife with Latvian roots. Rockefeller admits that he was married, but divorced two years ago: “We did not get along, we have different characters, we have not kept in touch for a long time.” Forbes was unable to contact Lebedeva – she did not respond to messages on Facebook. The woman's social media profile still lists the Rockefeller & Couts website in the personal information section.<\/p>\n

Views<\/h2>\n

Rockefeller is known as one of the earliest and most influential ideologues of globalization and neoconservatism. He is credited with a phrase allegedly spoken by him at a meeting of the Bilderberg Club in Baden-Baden, Germany, in 1991:<\/p>\n

\n

We are grateful to The Washington Post, The New York Times, Time Magazine and other eminent publications whose leaders have attended our meetings and kept them confidential for nearly forty years. We would not be able to develop our plan of the world order if all these years the lights of the searchlights were turned on us. But in our time, the world is more sophisticated and ready to step towards the world government. The supranational sovereignty of the intellectual elite and world bankers is undoubtedly preferable to the national self-determination practiced in the past centuries.<\/p>\n<\/blockquote>\n

In 2002, on page 405 of his Memoirs (English edition), Rockefeller writes:<\/p>\n

\n

“For over a century, ideological extremists at all ends of the political spectrum have enthusiastically referred to some notable events, such as my bad experience with Castro, in order to accuse the Rockefeller family of the overwhelming and threatening influence they claim we have. on American political and economic institutions. Some even believe that we are part of a secret political group working against the interests of the United States, and characterize my family and me as “internationalists” who have conspired with other groups around the world to build a more integrated global political and economic structure – one world if you like. If the accusation lies in this, then I plead guilty, and I am proud of it. “<\/p>\n<\/blockquote>\n

Supporter of birth control and control on a worldwide scale. The fear of David Rockefeller is the growing consumption of energy and water, as well as air pollution due to the growing population of the Earth. At a UN conference in 2008, he called on the UN to find “satisfactory ways to stabilize the world's population.”<\/p>\n

Quotes<\/h2>\n

David Rockefeller is credited with the phrase he allegedly uttered at a meeting of the Bilderberg Club in Baden-Baden, Germany in 1991:<\/p>\n

\n

“We are grateful to The Washington Post, The New York Times, Time Magazine and other prominent publications whose leaders have attended our meetings for nearly forty years and have kept them confidential. We would not be able to develop our plan of the world order if all these years the lights of the searchlights were turned on us. But in our time, the world is more sophisticated and ready to step towards the world government. The supranational sovereignty of the intellectual elite and world bankers is undoubtedly preferable to the national self-determination practiced in the past centuries. “<\/p>\n<\/blockquote>\n

\"John<\/a><\/p>\n

Rockefeller quotes are heard<\/p>\n

In 2002, David Rockefeller presented the world with his autobiographical book “The Banker in the Twentieth Century. Memoirs “, in which he opened the veil of some of the secrets of his success. On page 405 of the Memoirs, there is another “loud” quote from Rockefeller:<\/p>\n

\n

“For over a century, ideological extremists at all ends of the political spectrum have enthusiastically referred to some notable events, such as my bad experience with Castro, in order to accuse the Rockefeller family of the overwhelming and threatening influence they claim we have. on American political and economic institutions. Some even believe that we are part of a secret political group working against the interests of the United States, and characterize my family and me as “internationalists” who have conspired with other groups around the world to build a more integrated global political and economic structure – one world if you like. If the accusation lies in this, then I plead guilty, and I am proud of it. “<\/p>\n<\/blockquote>\n

Philanthropist who dreamed of reducing the population of the Earth<\/h2>\n

However, he is known not only as a globalist and neoconservative, but also as a major philanthropist. According to The New York Times, in 2006 the total donations made by David Rockefeller were estimated at $ 900 million. “If wealthy people live a happy life on their own, they should come to the idea that they should give part of their time and money to help other people,” Rockefeller said. In 2008, he donated $ 100 million to his alma mater, Harvard University. This became one of the largest private donations in Harvard history.<\/p>\n

David Rockefeller was a proponent of birth control and birth control worldwide, although he himself had six children and 10 grandchildren. He was worried about the growing consumption of water and energy, pollution of the atmosphere due to the growth of the population. In 2008, he called on the UN to find “satisfactory ways to stabilize the world's population.”<\/p>\n

Date and cause of death<\/h2>\n

David Rockefeller died on March 20. The reason for the death of a business change for 102 years of life for a given moment is considered to be the stop of the heart, because this is what David's looks like. In 2015, the 99-year-old billionaire had the sixth cycle of heart. Then Rockefeller joked that he could live up to 200 years with a new “motor”. As you know, the operation on the basis of the heart is an unbelievably difficult surgical process, besides, it is quite easy for the organization to take a new one. However, David Rockefeller was able to carry out the operation, which allowed him to survive for a few more years.<\/p>\n

According to Forbes, in 2017, Rockefeller was ranked 581 in the ranking of billionaires with a fortune of $ 3.3 billion.<\/p>\n

It is worth noting that in 2010 David Rockefeller joined the Oath of Giving charity, organized by the richest US businessmen Bill Gates and Warren Buffett. The members of this company have pledged to donate most of their fortune to charity.<\/p>\n

As you know, David Rockefeller's grandfather, John Rockefeller, was the first dollar billionaire in history. The richest man in the world was made by the oil company Standart Oil.<\/p>\n

Standard Oil and the road to a billion<\/h2>\n

The middle of the 19th century marks the beginning of the oil “boom”<\/strong> – a period when oil and petroleum products become in demand. John Davison Rockefeller meets one chemist – Andrews, who saw great potential in the use of kerosene. Now we all know what a kerosene lamp is. and at that time the lighting option was not yet used. Together they create a new company that begins to engage in the oil business. Back then, everything was much simpler, oil was not considered as a strategic resource, this made it possible for almost everyone to do it.<\/p>\n

Business acumen, the ability to negotiate and prudence, seasoned with frugality, gave an amazing result – the Standard Oil company<\/strong>, founded in 1870, quickly becomes a monopoly. The main stages in the development were:<\/p>\n

    \n
  1. Restructuring the entire workflow<\/strong>. The entrepreneur drew attention to the fact that many processes in the oil industry require optimization and putting things in order. This made it possible to cut costs and increase profits.<\/li>\n
  2. The use of all sorts of tricks made it possible to create an opportunity to promote your own company in the market<\/strong>. A famous example from the biography of John Rockefeller is the reduction of transportation costs through negotiations with the owners of railway companies. As a result, the cost of transportation of Standard Oil products was several times lower than for others.<\/li>\n
  3. Constant work to increase the share of its company in the market led to the fact that after 10 years SO became a monopoly<\/strong>, capturing more than 90% of the market. Rockefeller used different methods, most often it was dumping – competitors could not stand it and were forced to either go bankrupt or join in exchange for milk in shares.<\/li>\n
  4. After the introduction of antitrust law, John Davison Rockefeller, being savvy in financial reporting and the entire process of working with securities, is splitting his company into more than 3 dozen smaller companies<\/strong>. Thus, the legislation was not violated, and the absolute monopoly remained.<\/li>\n<\/ol>\n

    The empire grew, even banks began to enter it. The state grew continuously, and in 1937, when Rockefeller died of a heart attack, it was, according to various estimates, from 1.2 to 1.4 billion dollars. If this amount is recalculated to date, taking into account inflation, then we get about $ 400 billion. However, Rockefeller himself did not cease to be a calculating person, although he became closer to old age to lead a more luxurious lifestyle. Until his death, he made donations to the church, transferring a total of more than 100 million, that is, approximately 10%.<\/p>\n

    The businessman had 5 children, including only one son – John Rockefeller Jr. He continued his father's work, today the Rockefeller family is one of the most influential in the world, along with the Rothschilds. The sphere of influence grew, as did the general fortune of the family.<\/p>\n

    Bilderberg Club<\/h2>\n

    A convinced globalist by virtue of his father's influence, David expanded his connections at an early age by participating in meetings of the elite Bilderberg Club. His participation in Club meetings began in 1954 with the very first Dutch meeting. For decades, he has been a permanent participant in the meetings of the Club and a member of the so-called. A “governing committee” that determines the list of invitees for the next annual meetings. This list includes the most significant national leaders who then run for elections in the respective country. This was the case, for example, with Bill Clinton, who first took part in the meetings of the Club back in 1991, when he was Governor of Arkansas (from this and similar episodes, opinions are born that persons supported by the Bilderberg Club become national leaders,<\/p>\n

    Rockefeller in the USSR<\/h2>\n

    In August 1964, Rockefeller met with N.S. Khrushchev. It was about increasing the trade turnover between the USSR and the USA. But two months later, Khrushchev was removed from office. In May 1973, a meeting took place between Rockefeller and Alexei Kosygin. As a result, Chase Manhattan became the first American bank to conduct financial transactions in the Soviet Union.<\/p>\n

    After perestroika, Rockefeller visited Russia several more times – in particular, he met with the President of the USSR M.S. Gorbachev, negotiated with him on economic cooperation.<\/p>\n

    Interesting Facts<\/h2>\n

    The billionaire's favorite hobby is beetles – once in an interview, Rockefeller David (in his youth he is very much like his father) shared that he always has a beetle box with him. After all, it is not known what interesting specimen he may meet on the way. It so happened that he discovered five new species of these insects. The collector is also very proud of the fact that a rare species of scarab beetle that lives in the mountains of Mexico, Diplotaxis rockefelleri, was named in his honor.<\/p>\n

    John Rockefeller considered painting to be a complete debauchery and there is still not a single painting in his house – he instilled this dislike in children. He ate little, treating appetite as punishment. “What is it: eat and eat, and still want to,” he said to Henry Ford. By the way, he did not save on food, but he considered spending on it nonsense. In general, he was a very negative person towards the world, almost a misanthrope. For every generally accepted concept, he had a “flattering” epithet. He hated literally everything that his contemporaries breathed: theater, music, secular society (and its members), love, literature. At the same time, he turned out to be very prolific, and his family was very friendly. It is noteworthy that he was strikingly indifferent to earthly goods, and he was interested in making money as a process. He did not drink, did not smoke, he did not have a single mistress. At one time, he kept the children in a black body: they wore their clothes one after another and rode in turns on the same bicycle. However, this educational moment, perhaps, was correct – but they all learned to achieve their own with their minds. Here is such a wonderful man, if not for his sweetest character. The first barrel of oil was marketed as “a great lice remedy.” It is true: lice are poisoned to this day with kerosene and its derivatives.<\/p>\n

    John Rockefeller loved chestnuts to the point of insanity. And everywhere he carried them with him. I ate from rheumatism, but in fact I almost got used to them. His trouser pockets were always stuffed with chestnuts.<\/p>\n

    Coming to Chase National Bank<\/h2>\n

    In 1946, after some hesitation about returning to the Department of Defense, Health and Social Economy, Rockefeller, on the advice of his uncle Winthrop Aldrich, went to work at Chase National Bank. Aldrich was the chairman of the bank, and Rockefeller Sr. controlled a 4% stake, being considered the largest shareholder. David argued that, despite the latter, his family had no influence on the leadership.<\/p>\n

    The Chase National Bank was a somewhat paradoxical structure at the time. One of the largest banks in the world with the strongest shareholders lagged significantly behind its competitors in terms of organization and planning.<\/p>\n

    Chase didn't have a budget or a solid business plan. Despite the obvious plus of the fact that all bankers of the bank “grew” from clerks, this circumstance played against Chase, since the employees had no desire to learn new disciplines and develop their horizons.<\/p>\n

    David began his career as an assistant manager in a foreign department. It was a low position with a salary of $ 3,500. He held this post for three years. Thanks to the rotation, he was able to participate in the work of each of the 33 divisions of the foreign department of the bank. Despite the fact that Rockefeller received valuable experience, he found such a structure too cumbersome.<\/p>\n

    His first task was to attract new clients to branches in Paris and London, but he did not achieve much success in this. Rockefeller himself asked for a transfer to the Latin America division in 1947.<\/p>\n

    Chase National Bank controlled 50% of the deposit market in Panama, financed sugar production and exports in Cuba, but was very weakly represented in Puerto Rico. According to Rockefeller, the bank had every chance to strengthen its position.<\/p>\n

    In Panama, David pushed for the opening of a bank branch in Chiriqui province and began to issue loans to pastoralists. Chase received livestock on bail. The start resulted in increased revenues, livestock development in Panama, and Chase's reputation as a bank helping to improve the welfare of local residents. In Cuba, the plan to buy a stake in a large local bank failed.<\/p>\n

    Rockefeller's most notable success was in Puerto Rico, where Chase National Bank previously worked very weakly. The governor of this country was Luis Mu\u00f1oz Marin. Rockefeller was familiar with him and used his desire for development to his advantage. Chase National Bank gave loans to entrepreneurs who wanted to buy government companies. Gradually, Chase National Bank strengthened its position and began to open branches in large cities.<\/p>\n

    Employees were recruited in Puerto Rico, and the practice spread to other countries in Latin America. It was easier to innovate here than in Europe. In the early 1950s, the Caribbean branch system became the fastest growing in the company.<\/p>\n

    The proven model of work, which included the launch of new types of lending, the opening of branches and the purchase of shares in banks operating in the country, began to be seen by Rockefeller as key for development in other parts of the world.<\/p>\n

    In 1949, Rockefeller became vice president and took control of all operations in Latin America. He has already shown himself in this market and had a chance to achieve further success. David's main interest was South America, and he planned to expand into this region. Then Chase National Bank successfully financed the export trade of Peru, Chile, Argentina and Brazil.<\/p>\n

    Once in control, Rockefeller began to introduce new operations. One of his first ideas was the provision of loans to states. For this, friendly relations were established with the central banks of these countries. Rockefeller was generous and backed highly risky stocks like a $ 30 million loan to Brazil with a coffee crop as collateral. Peru also received the same amount. Instead of collateral, guarantees were taken from the state to accept the fiscal reforms proposed by the IMF.<\/p>\n

    Such deals were risky, which led to the displeasure of other Chase National Bank executives. From this began a long conflict between Rockefeller and George Champion, the head of the Bank's Economic Development Council.<\/p>\n

    In September 1952, Rockefeller was promoted to senior vice president and assumed to be the head of the New York offices. David took the initiative and proposed to the president of the bank, Percy Abbott, a plan to reorganize the bank, developed with another leader.<\/p>\n

    It was planned to introduce three new divisions – “United States”, which would unite the entire corporate business of the bank, “Special Industries”, dealing with companies in industries ranging from oil to electricity. The third new division was the Metropolitan, which was in charge of the New York branches.<\/p>\n

    Three departments have also survived from the old structure – “Foreign”, “Trust” and “Bond Department”. Each of them was headed by a vice president who reported directly to the president of the bank. The new structure was successful, and even George Champion supported it.<\/p>\n

    In 1955, Chase National Bank merged with Manhattan Bank. The Chase Manhattan Bank they formed has become one of the largest banks in the world. Rockefeller argues that the merger of both banks and the attempt to create a more efficient corporate structure led to difficulties and struggles between the proponents of the old approaches and modernization.<\/p>\n

    Among the first was George Champion, who resisted new changes and partial loss of independence. The opposition gave nothing, and the intended changes were implemented in 1956.<\/p>\n

    Rockefeller was responsible for moving the company to its new headquarters. The choice fell on the Guaranty Trust building in lower Manhattan. The deal to sell it to another company was almost completed, but Chase managed to intercept the purchase. At the site of the building, construction began on a new headquarters, which was controlled by Rockefeller.<\/p>\n

    The creation of Chase Manhattan Bank and the new headquarters did not end the conflict between Rockefeller and Champion. David was a supporter of reform, new directions and expansion, and Champion was a conservative, satisfied with the role of Chase Manhattan Bank at the national level.<\/p>\n

    Both of them were talented people with successful careers. In the late 50s, the Champion became the chief operating officer and president, but Rockefeller did not get under his control, since he became vice chairman and reported directly to Jack McCloy, who served as chairman of the board and executive director.<\/p>\n

    The Rockefeller group focused on marketing, management development, employee relations, operational issues, and public relations.<\/p>\n

    The Champion's innovations in this direction were not very worried – he worked in the field of lending. But Rockefeller was not so simple, his direction included structures engaged in economic research and organizational planning. Rockefeller called them a “Trojan horse” that allowed the bank to move in the right direction.<\/p>\n

    The interests of Rockefeller and the Champion were supposed to intersect sooner or later, but while David was in charge of the administrative apparatus, the situation looked calm.<\/p>\n

    Rockefeller controlled the Special Operations department. He was tasked with expanding to other countries and introducing new financial functions. Both of these directions retained their independence and became rather allies.<\/p>\n

    In 1953, US President Dwight D. Eisenhower decided to rely on the American private sector to finance foreign trade. Prior to this, the area of \u200b\u200bmedium-term financing was under the control of the US Export-Import Bank (“Eximbank”), and other banks neglected it. Now the situation has changed, and Rockefeller saw this as an opportunity for Chase.<\/p>\n

    Having agreed on cooperation with other banks, the company prepared to act in a new direction. For some time, the bank's management communicated with their colleagues from Eximbank, who were obliged to assist. Together, they have achieved nothing due to customer complaints about Eximbank. The bureaucracy, funding costs, and delays were a source of frustration.<\/p>\n

    In 1955, Chase management formed the American Overseas Finance Corporation joint venture. The partners pledged to purchase $ 10 million worth of shares. McCloy became chairman, and Rockefeller took over as director. A year later, the company's assets amounted to $ 11 million, and it pledged to purchase securities for $ 22 million.<\/p>\n

    The modest figure was good for a start, but the matter did not progress further due to a potential conflict with the US Treasury. It all ended with the sale of AOFC and going out of business in 1957.<\/p>\n

    Health<\/h2>\n

    David Rockefeller had seven heart transplants. The first time he underwent this operation in 1976 after a severe accident that caused a heart attack. A week later, the billionaire was already out for a run.<\/p>\n

    At the end of last year, Rockefeller became the first person in the world to have seven hearts transplanted. “Each new heart breathes life into my body. I feel more alive and energetic, “he said.<\/p>\n

    In addition, he had two kidney transplants.<\/p>\n

    \"JohnIn an interview, Rockefeller revealed another, very simple secret of his longevity.<\/p>\n

    \n

    Love life. Live a normal life, raise your children, enjoy what you have, and spend time with good people and loyal friends.<\/p>\n

    David Rockefeller<\/p>\n<\/blockquote>\n

    Rockefeller often joked that he wanted to live to be 200 years old.<\/p>\n

    Sources of<\/p>\n