Grow Money Like the Rockefeller Family
Grow Money Like the Rockefeller Family– 5 Ways They Created Generational Wealth
Caitlyn Moorhead Thu, March 13, 2025 GOBankingRates
There is no way around the Rockefeller name being associated with money, as it’s synonymous with immense wealth and the realization of the American Dream. The family’s fortune, established by America’s first billionaire John D. Rockefeller Sr., the founder of the Standard Oil Company in the late 19th century, has endured for generations, making the Rockefellers one of the wealthiest families in history.
In large part, this massive amount of money was thanks to the following factors:
At one point, the company-controlled 90% of U.S. refineries and pipelines, which led Rockefeller to become the richest man in the world and one of the first billionaires.
The family fortune was valued at over $600 billion in today’s dollars. Today, that translates to one of America’s richest families having a net worth of $10.3 billion.
The Standard Oil Company would later evolve into the ExxonMobil and Chevron corporations that everyone knows today.
The Rockefellers also developed one of the first major business trusts, which controlled Chase Manhattan Bank, now known as Chase Bank.
The Rockefeller Foundation went on to establish themselves as industrialists and philanthropists throughout U.S. history, and have given away an estimated $1 billion to varying charitable causes.
Over a century later, the Rockefeller generational wealth still establishes them as one of the richest families in the world. Valued at $10.3 billion among 70 heirs and family members, the fact that the Rockefellers have continued to keep the wealth in the family for decades is proof of their knowledge in investing in generational wealth building. Here are five ways the Rockefellers built and sustained their generational wealth.
Diversified Investments
To further grow the Rockefeller wealth, they safeguarded their real estate and bond investments which supplied both physical assets that grew in value over time and consistent income. A well-diversified and balanced portfolio helped offset riskier ventures and protected their fortune.
The Rockefellers recognized the importance of diversification in wealth preservation. While the initial fortune was built on oil, the family expanded their investments into various sectors over the years and have stakes in real estate, industry and even venture capital, thus ensuring a consistent growth and safeguarding of their wealth against market volatility.
Rockefeller Center alone was purchased out by Jerry Sperry for a whopping $1.8 billion. With Exxon mobiles and Chevron stations still being built today, the family has consumed and purchased many companies over time such as General Mills, Kellogg, Nestle, Bristol-Myers Squibb and Procter and Gamble to name only a few.
Though most of us don’t have billions lying around to purchase a company like Nestle, it is great advice to diversify one’s money into companies, through our own research, to bank on being successful.
Philanthropy and Reputation Management
Philanthropy has been a significant aspect of the Rockefeller family’s legacy, and each generation has taken up the torch. In fact, he and his son John D Rockefeller Jr. dedicated themselves to philanthropy, giving away more than $1 billion and establishing the University of Chicago.
The establishment of numerous charitable foundations has not only contributed positively to global society but also helped in maintaining and enhancing the family’s reputation. Their philanthropic efforts have facilitated network building and influence expansion, inadvertently aiding in wealth preservation and growth.
Simply put, the more you give, the more you make.
Strategic Financial Management
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