Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1900-12-07
RICHEST MAN IN TINE WORLD.
Rock efeIler's Wealth Probably In Excess
Of $500, 600, 900.

New York, Nov. 30.-New proof OF
the probable truth of Andrew Car
negie's statement that John u. Rookie
fel.er is the wealthiest man In the
world was given in the offer of $500 .
share for 500 shares of Standard Oil
stock, to be delivered on January l
next. The offer was made in the Wal
dorf- Astoria Thursday evening by JET.
ferson M. Levy.
Assuming that Mr.. Levy is not anxi-
GUS to pay more than the actual value
for Standard Oil stock, the holding OF
Mr.. Rockefeller in that company must
be worth approximately $3.50, ,00O, 900.
The company is capitalized at 500, 600,
600, divided into 1000, 600 shares. Mr..
Rockefeller, according to common re-
ports, holds one-third OF the total
number Of shares. His holding, cal
Icuiated at the rate Of $500 q share on
333. 900 shares, seems, therefore, to
/ have value in the market OF more
than $266, ,OOO,OOO
IfMr. Rockefeller had increased his
wealth is no other direction than
through his Standard Oil stock during
the last year. he would still be worth
about $95, 900. 900 more than he was
one year ago. Standard Oilstock was
worth $454 share in the market on
November "a, 1899, and $799 share
was bid for it in the market on Satur-
day, the corresponding date of this
year.
The enhancement in the value of the
stock increased Mr.. Rockefeller
wealth $94,9O5, 900. If Mr.. Levy's
judgment is vindicated and the stock
is worth $500 share on January 1st,
next, Mr.. Rockefeller will be wealth.
Ter by $115. 200, 900 at that time than
he was on November "a, 1899.
Mr.. Rockefeller's annual income
from his holding of Standard Oil stock
is estimated at over 81, ZOO. 900. This
is his share of the 48 per cent dividend
paid on the capital stock of 800. 600, 600
Based on the market value Of his hold
ings, this gives him an income of more
than per cent on his shares. This
undoubtedly forms the major part of
Mr.. Rockefeller's income, but it is es-
timated that he derives several millions
of dollars year from bis other invest
ments.
At the time the Standard Oil Com
pany announced that it would pay
dividends amounting to 48 per cont for
the year, in August last. the value Of
the shares was $525. Mr.. Roekefel
er's total income was then estimated
at $50, 900, 900.
In addition to bis returns from tho
Standard Oil Company, Mr.. Rockfel
Ter derives very large income from
the iron, railroad, gas and electric
light interests in which be has invested
a part of his wealth He operates a
fleet of steamships on the great lakes
and owns stock in the New York
Central; the New York, New Haven,
and Hartford, the Delaware, Lacka
wanna and Western, the Pennsylva-
mia, the Baltimore and Ohio, the Mis-
souri,, Kansas and Pacific, the Chicago
and Northwestern, the Chicago, Mil
and st. Paul, the Union Pa
cific, the Northern Pacific, the Chicago
and Alton and the Chicago, Burlington
and Quincy railroads.
He has considerable Investments in
the National Transit Company, and
be. is identified with the National City
Bank, the Farmers Loan and Trust
and other financial institu-
lions in this city. He has, moreover,
large holdings in the Amalgamated
Copper Company and other mining
concerns.