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The First Billionaire


March 28, 2011 | Financial History

Who was the first billionaire in the United States?




Quiz Results
Answer Key #1 Benjamin Franklin
#2 Andrew Carnegie
#3 J.P. Morgan
#4 John D. Rockefeller

Correct Answer: # 4


Explanation:
John D. Rockefeller founded the Standard Oil Company in 1870. When gas and kerosene began to increase in importance, his wealth increased dramatically, making him the first billionaire in the United States.

When adjusting for inflation, many regard him to be the richest person of all time.



Quiz Answer History

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The First Billionaire
By Finance Ocean

Who was the first billionaire in the United States?

Pick an answer:

  1. Benjamin Franklin
  2. Andrew Carnegie
  3. J.P. Morgan
  4. John D. Rockefeller


Answer: # 4

Explanation: John D. Rockefeller founded the Standard Oil Company in 1870. When gas and kerosene began to increase in importance, his wealth increased dramatically, making him the first billionaire in the United States.

When adjusting for inflation, many regard him to be the richest person of all time.

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