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The World's Billionaires

#305 David Rockefeller Sr

03.11.09, 06:00 PM EST

Descendant of one of the greatest capitalists in American history is worth $700 million less than he was last fall due to losses suffered by his stock and real estate portfolio.



Frances M. Roberts/Newscom
Net Worth:$2.2 bil
Fortune:inherited
Source:Standard Oil, banking
Age:93
Country Of Citizenship:United States
Residence:New York, New York
Industry:Oil
Education:Harvard University, Bachelor of Arts / Science, University of Chicago, Doctorate
Marital Status:widowed, 6 children

Descendant of one of the greatest capitalists in American history is worth $700 million less than he was last fall due to losses suffered by his stock and real estate portfolio. Claims world-class art collection—including Monet, Matisse and Renoir works—has largely retained its value. Grandfather turned $4,000 in oil refining into Standard Oil, oil and gas giant that fueled American industrial revolution. Company broken up in landmark antitrust case 1911; much of Standard Oil lives on as ExxonMobil. At annual meeting last year Rockefeller family members demanded ExxonMobil adopt greener measures. Bequeathed $100 million to alma mater Harvard to fund study abroad and arts programs; largest ever alumnus donation. Nonagenarian visited 10 countries last year.



For billionaires with publicly traded fortunes, net worths were calculated using share prices and exchange rates from February 13, 2009.

Steve Forbes
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