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  • Lifetime Wealth: 68 Life Advice from Rockefeller to His Children
Lifetime Wealth: 68 Life Advice from Rockefeller to His Children

Lifetime Wealth: 68 Life Advice from Rockefeller to His Children

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Early American billionaires mostly succeeded through opportunities, except for John D. Rockefeller. He is not multi talented, but exceptionally calm, shrewd, and visionary. With his unique courage and means, he started from scratch and built his vast oil empire step by step.


John D. Rockefeller (1839-1937), the richest American in history, received mixed praise and praise during his long life. Some people thought he was just a very ambitious and mercenary entrepreneur, while others praised him as a generous philanthropist. He was the founder of the first industrial trust enterprise in the United States, the greatest philanthropist in the world, and the largest organizer of modern philanthropy. He successfully created a unique era in American history and was hailed as the 'man who glimpsed God's secrets'.


John D. Rockefeller once said that the ability to make money is a gift from God to the Rockefeller family. Out of a sense of responsibility towards his family, the elderly and frail Rockefeller later passed on this worldview to his only son, John D. Rockefeller Jr. Lawrence Rockefeller also inherited a talent for making money from his grandfather, with assets worth $1.5 billion, ranking 377th out of 587 billionaires worldwide on Forbes. This third generation descendant of the Rockefeller family, despite being born with a golden key, was by no means a playboy. In his lifetime, he not only pioneered venture capital, but also made immortal contributions to environmental and charitable causes in the United States.


For the Chinese people, it seems to be an iron law that "wealth cannot exceed three generations". However, the Rockefeller family has lasted for six generations since its rise, and there is no sign of decadence and decline. This is closely related to their wealth concept and the education of their children from an early age.


Their family values frugality and is passionate about creating wealth. In order to prevent children from being spoiled by the family's halo, both John Rockefeller the Elder and John Rockefeller the Younger put a lot of effort into raising their children and have a set of ancestral education plans. Old John Rockefeller only gave his children $5 in pocket money every week and required them to keep accounts. John D. Rockefeller encouraged children like Lawrence to do housework and earn money: he would reward one dime for every 100 flies caught in the hallway; Catching the mice on the attic costs 5 points each, and carrying firewood and chopping firewood also have a price. Lawrence and his brother Nelson obtained the franchise to polish the family's leather shoes at the ages of 7 and 9, respectively, with 2 cents per pair of leather shoes and 1 jiao per pair of long boots.


As Baptist members, the Rockefeller family resisted dancing and alcohol abuse, so they couldn't see the dance halls and bars that were often found in wealthy mansions in their homes. The devout religious beliefs enabled the Rockefeller family to maintain frugality in their superior lives.


Although John D. Rockefeller achieved great success in the business world, he is also one of the most controversial figures in modern business history. On the one hand, the Standard Oil Company he founded monopolized 80% of the refining industry and 90% of the pipeline business in the United States during its peak. On the other hand, Rockefeller was a devout believer in Christianity, and the foundation named after him adhered to the purpose of "benefiting humanity worldwide", with a total donation of up to $500 million. This seemingly conflicting state of mind makes Rockefeller's entrepreneurial history representative among early American billionaires: exceptionally calm, shrewd, visionary, and with unique courage and means, he built a huge business empire step by step. Rockefeller said, "If I were stripped naked and left in the middle of the desert, as long as a caravan passed by, I could rebuild the entire dynasty


In today's America, it is almost impossible to completely avoid the influence of the Rockefeller family. It is not an exaggeration to say that the development history of the Rockefeller family over the past 150 years is a precise microcosm of the entire American history and has become an outstanding representative of the national spirit of the United States. Rockefeller left behind not only a considerable amount of financial wealth for future generations, but also an immeasurable spiritual wealth.

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