Can you tell me who the first billionaire in United States history was?
Can you tell me who the first billionaire in United States history was?
user
Sure, the first known billionaire in United States history was John D. Rockefeller, who was born on July 8, 1839.  But it’s important to understand that this is just the way we count wealth today, because it wasn’t always like that.
assistant
How did John D. Rockefeller earn his fortune?
user
Rockefeller earned his fortune by creating a monopolistic business organization, Standard Oil.  It dominated the market for kerosene, the type of fuel used for lamps.  Rockefeller was also able to evade taxes, which made him even more wealth.
assistant
Did he ever get into politics?
user