Bush Jr. was similar to his father in this regard. Khan is one of Alexei Kuzmichev’s buddies, with whom he made millions. Real estate values nosedived in the 1990s and Tsutsumi was caught up in an accounting scandal in the early 2000s. Based in Dublin but with a international perspective on events, I aim to give a clear view of what's current. A deal was eventually worked out, but only after the kidnappers cut off the teenager's ear. At one point in 1999, Gates' net worth was more than $100 billion, or $155 billion adjusted for inflation. But at the time of writing Bezos has been overtaken by one of the world's most maverick entrepreneurs, Elon Musk. The Microsoft share price plummeted after the dot-com crash of 2000, knocking billions off Gates' fortune, but he remained on top until 2008 when Warren Buffett, CEO of investment company Berkshire Hathaway, temporarily surpassed him. The descendant of a Dutch indentured servant, Vanderbilt left school at 11 and established a ferry service when he was 16, which morphed into a booming nationwide steamboat business. Hilcorp is one of the largest privately owned oil companies in the world. During his golden years, the business magnate continued to give lavishly, donating more than $500 million to good causes, a tradition carried on by his many notable descendants, who include former US Vice President Nelson Rockefeller and banker David Rockefeller. The partial sale of the oil company to the state-controlled Rosneft (for $28 billion in 2012) personally scored Khan $3.3 billion. Anyone who knows a thing or two about rich lists knows that oil can make or break a man - or indeed, a nation. Alongside this, Fridman has a share in the Ukraine’s largest mobile operator Kyivstar, as well as shares in the telecoms group Turkstar. In 1811, Girard set up his very own bank, which provided the main source of credit for the US government during the War of 1812. Brother’s Charles and David Koch made their money the old-fashioned way: they inherited it. Bush Sr. had made his fortune as a oil tycoon, establishing several oil refining companies and selling them off for huge sums of money. J. Paul Getty was born in 1892 in Minneapolis and began investing in the oil industry in his early 20s. Connect with friends faster than ever with the new Facebook app. Gates bagged the number one spot again, but was relegated to second place in 2010 by Mexican telecoms tycoon Carlos Slim, who remained the world's richest person until 2014. In 1911, the US Supreme Court found Standard Oil in violation of anti-trust laws and ordered the break-up of the company. German Khan is no quiet partner however, serving as executive director of the co-owned oil empire, TNK-BP. LUKoil was the first Russian company to trade on the New York stock exchange in part accounts for the simplification of the name. 8. Dan Alexander, Forbes. In the 1890s, the oil baron expanded into iron ore and natural gas, and had huge influence over the country's railroad industry. John D. Rockefeller’s standard oil company “controlled 90% of American oil production” in the 1880s. Infamously frugal, the tight-fisted tycoon steadily built up a colossal business empire based on the black stuff, but it wasn't until the 1950s that he really cashed in after leasing a track of oil-rich land in the Middle East. Discover the 20 richest people of all time, Like us on Facebook to see similar stories, Here are the states allowing teachers to get Covid-19 vaccines, FOI documents show Scott Morrison has 'bungled' environment law reform, Labor says. A fresh take on sports: the biggest news and most entertaining lists. Ukrainian-born Fridman is the third shareholder of Russia’s mammoth Alfa Group to make our list. The billionaire oil tycoon has also penned a book, the aptly titled “Oil of Russia: Past, Present and Future.” The fortune will stay in the family, as Alekperov has made plans for his son to inherit his majority share in the LUKoil empire. Ambani is the current chairperson of Reliance Industries, the company his father founded - so in many ways he has the advantage of inherited wealth that none of this Russian associates had. The Emirates has an unusual new history although the place has been established for thousands of years it was not until oil was found in the 1960s that it became a center of attraction for the world’s rich and famous people. Rockefeller ran the company until 1897. Rockefeller received bumper stock options and, by 1913, his wealth peaked at around $900 million, equivalent to $23.5 billion in today's money. Finding oil is pretty much an instant introduction to the world of the high-flying billio. After starting life as a ship’s hand on his father’s ferry, he soon began operating his own boats, hence the sobriquet ‘The Commodore’. When the Kaiser family fled Nazi Germany, they settled in Tulsa, Oklahoma, where they remain to this day. Born in upstate New York in 1839, Gilded Age tycoon John D. Rockefeller co-founded Standard Oil in 1870 and went on to control a staggering 90% of all oil refined in the USA, later becoming the world's first billionaire in 1916. Read on for Time magazine’s loaded list of the top ten richest people in history… 10. In 1966, Paul made it to the Guinness Book of … However, the success of the Middle Eastern oil industries has been a contributing factor in political unrest and battles for the precious resources: from the Gulf Wars to the more recent ousting of Gaddafi in Libya, turmoil in the Middle East reveals the extent to which this limited natural resource is still contested asset. In 2010 the Kremlin appointed Vekselberg as head of Skolkovo, a project aimed at creating Russia's "Silicon Valley." In 2009, Berkshire Hathaway reported its worst ever financial results and Buffett's net worth plunged. News on all your favorite celebs, reality TV, and movies. The fall of the Soviet Union meant big business for those with their eye on this liquid asset and there were many in Russia who pounced on the prize as soon as it became available. Small change for the richest man in India. Genghis Khan , known as one of the most effective leaders of … Source of wealth: Oil tycoon, Founder of Standard Oil John Rockefeller is the second richest civilian in history. Vekselberg’s role involves sniffing out the biggest and best talent for the nation. Japanese property magnate Yoshiaki Tsutsumi was the richest person of the 1980s, topping the Forbes global wealth list three years in a row. http://gobc.tv/skillshare⭑ Subscribe to Business Casual → http://gobc.tv/sub Enjoyed the vid? He left the lion's share of his fortune to his eldest son, William Henry Vanderbilt. John Jacob Astor was born in Walldorf, Germany in 1763 and emigrated to America at the age of 21 where he entered the fur trade, building up a lucrative monopoly. Elaine Marshall is the fourth richest woman in the United States and one of nine members on the board of Koch Industries. The richest among the Rothschilds was the head of its English branch—Nathan Mayer … “This is the richest guy anyone has ever seen, that’s the point,” says Ware. In spite of concerns that the use of oil is both harmful to the environment and unsustainable in the long run, there seems to be no end to the wealth coming from these oil rich-states. Keeping with all things Russian, German Khan is one of our top ten richest oil tycoons. Born in Frankfurt in 1777, the German financier moved to England in 1798, setting up textile and banking businesses that netted him big bucks. Widely regarded as the richest American who ever lived, John D. Rockefeller founded the Standard Oil company in 1870 and ended up controlling around 90% of the US oil business. 1. Ray Lee Hunt $5.3 billion Born in 1839 John Davison Rockefeller, Sr. was co-founder of the Standard Oil Company, which dominated the oil industry and domestic kerosene market. While Reliance industries began as a textile manufacturing company, under Ambani’s leadership the firm has vastly expanded and today it is a major player in the oil scene. With oligarchs who model themselves on The Godfather and owners of some of the largest houses in the world, our top ten list of the richest oil tycoons is not one to be missed! The Standard Oil Company was dissolved on May 15, 1911 when the Supreme Court ruled that it was a monopoly and therefore violated the Sherman Antitrust Act. Establishing their infamy, the brothers were also the subjects of a controversial documentary entitled “Koch Brothers Exposed” by director Robert Greenwald. Our site is based on a vast data base which updates daily and can assist in solving hints appearing in diverse publications every day. In 1957, Fortune magazine named Getty the richest living American. German Khan is no quiet partner however, serving as executive director of the co-owned oil empire, TNK-BP. Like any oil tycoon, the Sheikh has courted controversy over the years, but at 67 he seems to have weathered the storm well. As the patriarch of the Getty family, J. Paul Getty was an influential petrol-industrialist who founded the Getty Oil Company. Reliance is the owner of the largest oil refinery in the world, and the company has strong investments in a number of petrochemicals as well as telecommunications and gas exploration. Rockefeller was born on July 8, 1839 in the small town of Richford in upstate New York. As well his oil exploits, Al Amoudi has investments in gold mining and owns a number of properties and hotels across the world. In the 1920s, Rockefeller almost single-handedly funded the eradication of yellow fever and hookworm in the US. The miserly oil magnate hit the headlines in 1973 when he refused to pay a $17 million ransom to secure the release of his grandson John Paul Getty III, who had been kidnapped in Rome. At the time of his death in 1848, the German-American businessman, who was also a big player in the real estate and opium industries, had a net worth of $20 million, equivalent to $599 million in today's money. Perot himself fell well short of election, but his curmudgeonly persona made a lasting impression, and he remains among America's best-known tycoons. With refineries in Morocco, Saudi Arabia and Sweden, Al Amoudi owns 70% of the National Oil Company of Ethiopia. If you’ve been looking for the answer to Oil tycoon once considered the richest living American, we’re happy to share that you can find it here with us. Carnegie, who died in 1919, gave away 90% of his wealth during his lifetime, and Rockefeller regained the number one spot in the 1910s. After leaving a job at Exxonmobil as a petroleum engineer, Hildebrand teamed up with partners to buy up oil rich land that wouldn't produce enough for the world’s biggest oil producers. Gates had another stint at the top from 2015 to 2017. Following Girard's death in 1831, scion of the Rothschild banking dynasty Nathan Mayer Rothschild took over as the richest person in the world. By the 1940s, Ford had risen to become the wealthiest person the planet. Khan is one of Alexei Kuzmichev’s buddies, with whom he made millions. The sale is rumoured to have cost the billionaire over $100 million, but in an interview with Esquire magazine, the mogul claims that he is a custodian these Russian treasures rather than a mere private collector - of course! That is 15 more than there were just two years ago. Business Tycoons of the Industrial Revolution Andrew Carnegie: (November 25, 1835 August 11, 1919) Carnegie's life was a true "rags to riches" story. The brothers vehemently campaigned against the election of Barack Obama to the White House, donating millions of dollars to his Republican rival Mitt Romney - eliciting, we're sure, many puns on their surname from the Democrats. July 1, 2020. in Billionaires. At 63, Alekerpov  has been in the oil business for quite a while: he began his career working on a Soviet oil rig in the Caspian Sea, just the beginning of a very lucrative career. Dallas and Houston Tycoons Make Up Nearly 10 Percent of Forbes List: Walmart heiress Alice Walton is the richest person in Texas. William Henry Vanderbilt picked up where his father left off and expanded the dynasty's railroad empire with aplomb, while donating vast sums to charitable causes. Haroldson Lafayette Hunt Jr. (February 17, 1889 – November 29, 1974), was a Texas They say everything is bigger in Texas. Striking this 'black gold' is the ultimate game-changer in any playing field but while historically the oil boom was firmly associated with the United States, the tables have turned somewhat in more recent years. At the height of the country's real estate bubble in 1987, Tsutsumi was worth $20 billion, equivalent to $45.5 billion today. Twenty-seven of these tycoons reside in the U.S. But to get caught up in the king’s exact wealth is to miss the point. Anschutz is … The following year, the business magnate sold his steamship concerns to focus 100% on railroads and went on to create the New York Central and Hudson River Railroad company, one of America's first mega-corporations. Such fame does come at a price however, and the Koch brothers are certainly the most famous - or rather the most infamous - on our list. George Kaiser inherited his family’s vast oil fortune, which was built up over the last century, and today is also in control of the Bank of Oklahoma and he continues to oversee the extraction of oil from fields in the United States and Canada. Here are the greatest, most formidable tycoons of the 19th century. He is also still the richest American who has ever lived. As well as holding the title of Sheikh, the Swedish King Carl Gustav also awarded him membership of the Royal Order of the Polar Star. George Kaiser, on the other hand, is the kind of oil baron the West - and certainly Americans - are more familiar with. or the Bangboxo For the contemporary lists, see List of Americans by net worth and Forbes 400.. As life-long libertarians, the brothers are known for their generous donations to many a right-wing cause and have no problem sharing these views with the media. The partial sale of the oil company to the state-controlled Rosneft (for $28 billion in 2012) personally scored Khan $3.3 billion. By the time of his death in 1831, the philanthropic financier's wealth was around 1/150th of US GDP at $7.5 million, which is equivalent to $182.2 million in today's money. George W. Bush was the son of former President George H. W. Bush. Girard racked up an immense fortune importing and exporting goods in the bustling city, and became the richest private individual in the world by 1810. Whereas names like Rockefeller and Guggenheim will forever be associated with the early oil rush of the nineteenth century, the Kaiser family arrived relatively late on the scene. Fresh-faced journalist with an interest in media, tech, culture and society. This oil tycoon might be hurting the environment, but his family are balancing out their karma: From a $3 billion fund, the George Kaiser Family Foundation annually donates millions of dollars towards early childhood education. John D. Rockefeller . For many, Ambani is representative of the modern India with the mogul outspoken in favour of advancing the country both economically and culturally. That would be beneath an oligarch of this magnitude. When not writing for The Richest, I am most likely to be found sipping from coffee cups the size of my head. Who was the richest person in the world in 1820, 1900 or 1960? Like Carnegie, Rockefeller was famed for his philanthropy. For the contemporary lists, see List of Americans by net worth and Forbes 400.. By the 1850s, Vanderbilt had become the world's richest person. Rockefeller was usurped as the richest person in the world at the turn of the century by arch rival Andrew Carnegie. But the good times didn't last. 1973-07-10 John Paul Getty III, grandson of oil tycoon J. Paul Getty, is kidnapped in Rome by Italian gangsters wanting a ransom; 1973-12-15 American kidnap victim John Paul Getty III freed after ransom paid by oil tycoon grandfather John Paul Getty; 1986-11-01 Breeders' Cup Horse Racing, Santa Anita Racetrack; winners: Brave Raj, Capote, Lady's Secret, Last Tycoon, Manila, Skywalker, Smile She is now worth $9.1 billion. One of the richest men who ever lived, Cornelius Vanderbilt or ‘The Commodore’ was a magnate and philanthropist who earned his wealth through shipping and railroad building. Posts about oil tycoons written by Aron Brock. While Fred and his wife Mary had four sons, it is David and Charles who today head up Koch Industries which is now the second largest private company in the United States, with sales of $115 billion annually. As Rudolph Ware, an associate professor of history at the University of Michigan, explains, Musa’s riches were so immense that people struggled to describe them. Rockefeller maintained his status as the world's richest person right up until his death in 1937. And how does that compare to today? With Saudi Arabia the world’s second largest producer of oil in the world after Russia, it's also the world’s largest exporter of the fuel globally. Born to a poor Scottish family that immigrated (moved) to the United States, Carnegie became a powerful businessman and leading force in the American steel industry. When not writing for The Richest, I am most likely to be found sipping from coffee cups the size of my head. The real game changer in the world’s oil industry in recent years, though, has undoubtedly been the privatisation of the oil industry in the largest country in the world - Russia. But in 2018's Forbes 400 list, Amazon head honcho Jeff Bezos took over as top dog, with a net worth of $160 billion. At the time of his death in 1885, he had more than doubled the family fortune and was worth $232 million, equivalent to $6.2 billion in today's money. By 2006, he had fallen off the Forbes list. Alongside his oil interests, the billionaire also has investments in aluminium, telecoms and chemicals. Eike Batista was the world’s seventh-richest man in 2012, worth an estimated $30 billion and proclaiming to be on his way to becoming the world’s richest. The richest Americans in history. That year, the legendary investor's net worth peaked at $62 billion, the equivalent of $74.5 billion today, making him richer than any other person on the planet during the 2000s. Although his first millions came in the form of construction in Saudi Arabia, it is through oil that the mogul converted this fortune to the big league billions. Like his compatriot Vagit Alekperov, Vekselberg too keeps close ties with the Russian President and he ranks among the five richest men in Russia. Fridman is a buddy of Vekselberg (and his Fabergé eggs) and associates with fellow tycoons Kuzmichev and Khan in their oil ventures with TNK-BP. Best & Worst Refinance Mortgage Companies of 2021, 19 Great Ways To Supplement Social Security Every Month That Many Didn't Know, Expert: “This credit card is so good I signed up personally”, © Rockefeller Archive Center/Wikimedia Commons, © Theo Wargo / Getty Images for the Huffington Post. Ross Perot On The Forbes Four … Top 5 list of the world’s richest oil barons. Top 10 Richest Business Tycoons Of UAE In 2020. by Carrie Hansen. Getty maintained his grip on the global oil industry throughout the 1960s and was declared the world's richest person in 1966 by the Guinness Book of Records with a fortune of $1.2 billion, which is $9.6 billion in today's money. Rounding up the most successful and wealthiest businesspeople and entrepreneurs over the past two centuries, click or scroll through we chart the richest person in each decade, excluding royalty and heads of state. By Steve Hargreaves @hargreavesCNN June 2, 2014: 6:18 PM ET . Alekperov became President of the company in 1992, rising to Chairman in 1993, when he renamed the company LUKoil - making things quite a bit easier for us Anglophone reporters. He created the Standard Oil Company in 1870 along with partners including his brother William, Samuel Andrews, Henry Flagler, Jabez A. Bostwick, and Stephen V. Harkness. With projects to provide 4G networks throughout India, it appears that Ambani certainly practices what he preaches. Kaiser-Francis Oil started off as a small drilling and oil prospecting company. Oh and if that isn’t enough, the true tycoon lives in one of the world’s most expensive properties, rumoured to have cost between $1 and $2 billion. Upon his death in 1877, the shrewd businessman was worth $105 million, equivalent to $2.6 billion in today's money. This tycoon studied engineering at the university in which he worked under Gorbachev’s twilight zone for the Soviet Union. Back to our friends in the east for this Russian tycoon, and Vagit Alekperov’s career shows us that slow and steady may indeed win you the race. Compared to some of the habits of his fellow countrymen on this list, Russian Viktor Vekselberg keeps a comparatively low profile. That year, the tech tycoon was worth $12.9 billion, which is around $21.9 billion in today's money. Al Amoudi is the son of a Saudi father and Ethiopian mother holds dual citizenship in both countries. The son of a naval captain, Stephen Girard was born in Bordeaux, France in 1750, and went to sea at an early age, before settling in Philadelphia in 1776 where he set himself up as a merchant. George Kaiser-$9.8 Billion. Like any good oligarch who values his skin, Alekperov maintains good relations with the Kremlin and hangs out with Russian President Vladimir Putin. Educated in Moscow, the comparatively young 49 year old is known to have the refined taste of any billionaire, and has established a jazz festival in his hometown of  Lviv in the Ukraine. 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The New York Times obituary stated that he had a net worth of $341 billion. Sheikh Mohammed Al Amoudi is reminder on our list that it isn't just the Russians who know about oil. After Hamm on the list of American oil and gas billionaires comes Phil Anschutz and George Kaiser, with fortunes of $10 billion each (tied for 109th). This method of comparing individuals' wealth across time is disputed. The bogeymen of the Democratic Party inherited their fortunes, along with the family business, from their father, Fred. The oil-rich Middle East, in particular Saudi Arabia, is now famed for its fields of black gold. But it remains to be seen which of them will be the decade's richest, or if it will be someone else entirely. Born in Dunfermline, Scotland in 1835, the Scottish-American industrialist spearheaded the expansion of the steel industry in the US, stockpiling a fortune. Reading Time: 7min read Share on Facebook Share on Twitter. John D. Rockefeller (1839–1937) is considered by most people to be the wealthiest man in American history. There, he met his future billionaire buddies. CORNELIUS VANDERBILT. An interview from Charles Koch to the Wall Street Journal in 2006 dismissed other billionaire moguls’ efforts in philanthropy. Nevertheless, he was among the richest presidents both before and after he was elected. Born in 1863, the founder of the hugely-profitable Ford Motor Company revolutionized vehicle manufacturing and brought the car to the mass market, selling millions of vehicles during his lifetime. Vanderbilt made his first foray in the railroad industry in 1863 when he bought the failing New York and Harlem route. There's no shortage of oil tycoons in Texas, or on Forbes' list of the richest billionaires in the world. From Paper City. Today his net worth stands at $5.1 billion. The result is that, today, the majority of the world’s oil tycoons are not from the Rockefeller or Hunt families but are instead former Soviet civil servants who learnt about the industry from the inside out. 5. During the early 1870s, Vanderbilt embraced philanthropy, setting aside $1 million to found Vanderbilt University in Nashville. Their company, Koch Industries, was founded by their father Fred who developed a new method for refining oil into gasoline. When Marshall’s husband died, as his beneficiary, she was left holdings in Koch Industries. Getty maintained his grip on the global oil industry throughout the 1960s and was declared the world's … Instead he lost nearly all of it in just two years. … Judging by the reputation of most of Khan's contemporaries, we are not at all surprised. Like many a billionaire, this Russian is known for his love of art; but in 2004 Vekselberg trumped the lot by acquiring the fabled collection of Fabergé eggs- glittering, jewel-encrusted treasures gifted to Russia’s royal family and lost after their deaths in the Russian Revolution. At the time of his death in 1947, the automotive pioneer's net worth was reportedly around $200 billion in 2021 dollars. In 1977, Bush Jr. established his own oil refinery, Arbusto … With a portfolio like this, and all those high-flying friends, you can’t help but wonder what they buy each other as Christmas presents…. Under the Soviet government, Alekperov became a Deputy Minister of Oil and Gas and from here Alekperov really made his leap to the billions. 1 of 20. Roughly one year has passed since the financial news site ranked the richest of the rich. 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