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THE FIRST BILLIONAIRES

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Created December 24, 2025

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Before billionaires were admired… they were feared. Late nineteenth-century America: an age of

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smokestacks, iron rails, and burning oil. The birth of the monopolies.

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John D. Rockefeller. He didn't just sell oil. He controlled over

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ninety percent of America's supply. Through secret contracts and rail rebates, he crushed every

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rival legally—and relentlessly. Andrew Carnegie roared his steel mills to life, preaching the gospel

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of charity while the world watched. But behind the philanthropy, workers bled for

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every cent of profit. J.P. Morgan didn't run companies.

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He controlled the entire system from the shadows of his vault. They built modern

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