The World's First Billionaire | On This Day
Bloomberg Televisionยท2025-09-29 21:50
All right, time for a look back in history. Way back in history to 1916. That's when a front page story in the New York Times declared John D.Rockefeller as the world's first billionaire. Now, while historians quibble as to whether the Times jumped the gun a bit on that declaration, Rockefeller's wealth was by any measure unimaginable for the time. Before 1900, there wasn't even a consistent angophone definition of the word billionaire.And in 1916, the second richest person at the time, Henry Clayfrick, his ...