Today in History: Sept. 29
One hundred years ago today, American newspapers reported that John D. Rockefeller (above) had become the first individual to be worth more than a billion dollars.
Rockefeller’s 247,692 shares of stock in his Standard Oil Co. were now worth close to $499 million, after an increase in their share price the previous day. The article concluded that this amount, when combined with his possessions “in various banks, railroads, enormous blocks of national, state, and municipal bonds, [that] brings his total up to the billion mark.”
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