The very first billionaire John Davison Rockefeller, Sr. founder of Standard Oil Company was the son of an itinerant medicine peddler and bigamist who wandered in and out of his son's life. John D. Rockefeller, by contrast was straight-laced, devout Baptist who did not wait until he became rich to become generous said, "I never would have been able to tithe the first million dollars I ever made if I had not tithed my first salary, which was $1.50 per week. " As his wealth grew, so did his giving.
While every decision, attitude, and
relationship was tailored to create his personal power and
wealth he said mere moneymaking had never been his goal A
millionaire at the age of 23,
Rockefeller, became a billionaire, by the age of 50.
At the age
of 53 his entire body became racked with pain and he lost all the hair
on his head. In complete agony, the world's only billionaire could buy
anything he wanted, but he could only digest milk and crackers. An
associate wrote, "He could not sleep, would not smile and nothing in
life meant anything to him." His personal, physicians predicted he would
die within a year.
Rockefeller awoke one morning from a dream, during this miserable time of his life realizing that he was not in control of his life and that he could not be taking any of his success with him when he passed on. On that day John D. Rockefeller called his team of attorneys, accountants, and managers to establish his foundation that would channel his assets to hospitals, research, and mission work.
Rockefeller spent the last forty
years of
his life creating foundations that had a major impact on medicine,
education, and scientific research. His foundations pioneered the
development of medical research and was instrumental in the
eradication of hookworm and yellow fever. His foundation led to
the discovery of penicillin, cures for current strains of malaria,
tuberculosis and
diphtheria along with an enormous amount of other discoveries.
Rockefeller supported many church-bases
institutions throughout his life. He gave $80 million to the
University of Chicago, turning a small Baptist college into a world class
institution by 1900. His General Education Board was especially
active in supporting black schools in the South.
Giving away more than $555 million during his
lifetime, Rockefeller believed he was a steward of all he had. He taught his family that what they inherited was theirs
on a service basis. And, that money brought tremendous responsibility as well as opportunity. Rockefeller
strongly believed that the ability to make money is a gift from God to be developed
in order to make as much as possible, and then the money is to be
used wisely for the good of mankind.
Credit:Angelfire
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