Tuesday, November 2, 2010

Rockefeller - The Petroleum Pimp

F' you money, loaded, stacked or just plain rich - there are many different words used to describe someone who has a lot of money.  Today people look to likes of Bill Gates, Warren Buffet and various Wall Street CEO's when contemplating those rich, fortunate (word choice intentional) individuals.  The problem is, people neglect to realize how f***ing rich Rockefeller was.

To put the guys cash stacks in perspective, lets look at people we have mentioned and their estimated net worth - of course before Gates and Buffet carved out their fortunes to charity:

1) Bill Gates - $54 billion
2) Warren Buffet - $62 billion
3) Rockefeller in today's money, $400-$600 billion easy

SPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAANKED!!!

Bill Gates and Warren Buffet are constantly trading spots for the richest person in the world - but Rockefeller was leagues ahead of them with the oil empire he built, not even the same f***ing ball-park.  Rockefeller ran house, controlling 1.5% of the American economy in his day.  With today's GDP (that's Gross Domestic Product - or the value of all goods produced in the U.S. in a year) levels, Gates sits at a paltry .38% of United States GDP and Buffet at a meager .45%.  Rockefeller was 3x buffet easy.

Rockefeller was the petroleum pimp.  If Rockefeller offered a competitor a buy-out, they'd best respect or Rockefeller would undercut and clean house.  When they finally broke up Standard Oil (aka Rockefeller's House) it was broken up into the predecessors of Exxon, Amoco, Chevron, Shell, CononoPhilips - little pimpets compared to Rockefeller.

So regardless of how bad Rockefeller may have been to competitors and employees, in the end, no one can argue the fact that Rockefeller definitely was F***ing loaded and dominated the oil industry.  He may have been tough on people but can you blame the Petroleum Pimp for wanting to crush bills!

No comments:

Post a Comment