The World's First Billionaire's Dark Secrets
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John D. Rockefeller was born in New York to William Rockefeller, a con man who sold
fake miracle cures. In 1870, John founded Standard Oil, seizing the growing
oil demand. Via aggressive tactics, secret deals, and the elimination of rivals,
he built a monopoly that controlled nearly 90% of US oil production, making Standard
Oil the most dominant corporation in the world. By the time antitrust laws forced the
company's breakup in 1911, Rockefeller had already become the world's first billionaire
and one of the richest people in history with a fortune equivalent to over $300 billion today.
Despite the public outrage over his ruthless business methods, he turned much of
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