William Rockefeller

from Wikipedia, the free encyclopedia
William A. Rockefeller

William Rockefeller (born May 31, 1841 , † June 24, 1922 ) was one of the most successful American business tycoons.

Life

From 1866 William was a business partner of his brother John D. Rockefeller , whom he had previously supported in building up his Standard Oil empire. When Standard-Oil was founded in 1870, he owned 13% of the company. Since he sold parts of his shares in the following years and did not participate in capital increases, his stake fell to 4% over time.

From 1882 to 1891 William Rockefeller was in charge of Standard Oil of NY (Socony), from which the Mobil Oil Group subsequently developed.

After 1911, when the Standard Oil Trust was forcibly dissolved, William Rockefeller withdrew from management positions in the companies and sold a large part of his shares to John D. Rockefeller. He invested his profits in real estate, real estate and railways.

William Rockefeller had another focus of his business activities at the National City Bank, in which he was involved. He jointly controlled this bank with the Stillman family . Today's Citibank developed from the National City Bank .

In addition, William Rockefeller is considered one of the co-founders of the American metal giant Amalgamated Copper.

In total, William Rockefeller sat on the board of 35 companies.

According to the 1998 American Heritage Magazine / Forbes Magazine, William Rockefeller was the 38th richest American of all time.

William Rockefeller's descendants and heirs

Avery Rockefeller (1924-1979)

Source