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John D.Rockefeller was America's first billionaire who founded Standard Oil Company in 1870, which eventually became a giant in the oil industry.Rockefeller's leadership in Standard Oil brought him great wealth as well as unfavorable opinions, as many opposed Rockefeller's business practices.Though many were critical of Rockefeller, few could devalue his charitable efforts, which led him donate $540 million (more than $5 billion today) during his lifetime to charity causes.
Though a billionaire, Rockefeller lived a relatively simple life, rarely attending the theater or other events typically attended by his peers.Since childhood, he had been told to give to church and charity and Rockefeller had routinely done so.However, Rockefeller's enormous wealth and success made him a target of journalists, reform politicians and others who viewed him as a symbol of greed and criticized the methods with which he'd built his kingdom.With a damaged public image to improve, Rockefeller began to give away millions of dollars.
In 1896, 57-year-old Rockefeller turned over the day-to-day leadership of Standard Oil though he held the title of president until 1911, and began to focus on philanthropy.He had already contributed to the establishment of the University of Chicago in 1890, giving $35 million over the course of 20 years.
While doing so, Rockefeller also founded the Rockefeller Institute of Medical Research (now Rockefeller University) in New York in 1901.Within their laboratories, causes, cures, and various manners of prevention of diseases were discovered? including the cure for meningitis (脑膜炎) and the identification of DNA as the central genetic matter.
A year later, Rockefeller established the General Education Board.In its 63 years of operation, it distributed $325 million to American schools and colleges.In 1913, Rockefeller created the Rockefeller Foundation, with his son John Jr.as presidents to foster the well-being of men and women around the w