Web Reference: Rockefeller founded the Standard Oil Company in 1870. He ran it until 1897 and remained its largest shareholder. In his retirement, he focused his energy and wealth on philanthropy, especially regarding education, medicine, higher education, and modernizing the Southern United States. John D. Rockefeller (born July 8, 1839, Richford, New York, U.S.—died May 23, 1937, Ormond Beach, Florida) was an American industrialist and philanthropist who founded the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust. With the advice of Gates and his son, John D. Rockefeller Jr., he established a series of institutions that are significant in the history of American philanthropy, science, medicine, and public health.
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