Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1912-07-11
JOHN D. HAS NOW
NINE HUNDRED MILLION
Income ia One Year Since Pan
ic Was Nearly Two Hun
dred Millions

the examination of John ID. Rockefeller
as a witness TO tell of the present rela-
tions between Standard Oil and It's
former subsidiary companies supposed
ly disassociated from it under the
Judgment OF the United States SUI
preme Courf, has involved also quiet
inquiry into the stock holdings and
other forms of wealth of Mr.. Rookie
Teller
From all the data available. and one
OF tie associate counsel in this inquiry
said yesterday the available data were
fairly exhaustive. the conclusion has
been reached that John d. Rockefeller
is now worth ($900,000, 000l NINE
HUNDRED MILLION DOLLARS.
This estimate, It is believed, comes
within a few millions of being correct.
1t is practical impossibility to arrive
at an exact estimate, for the daily fiuc-.
tuG tions of stocks may add or take
away several millior5 from the Oil
Kings wealth on paper. Mr. Rockefel-
Ter does not speculate. He invests,
and when the market is quite high he
sells. When it has dropped to the low
levels he buys back what he sold an0
reinvests the profit in more low priced
stocks or bonds The great bulk OF
his wealth lis invested in oil. railroad,
banking end Industrial stocks.
The lawyers who have undertaken
the task of calculating ip3t what Mr..
Rockefeller is worth have come to one
conclusion that is noteworthy.
That since the dissolution" of the
Standard Oil Trust under the judgment
of the United States Supreme Court,
interpreting the Sherman Antitrust
Act, the wealth of Mr.. Rockefeller has
grown by leaps and bounds. 1t is rec
koned he Is now worth fully 100000
Oe0 more than before the Supreme
Court judgment took effect This is
due to the enormous increase in mar
ket values of the stocks of many or
the former subsidiaries of the Oil Octo-
pus.
One year recently, since the panic
of 1907, the income of Mr.. Rockefeller
reached the extraordinary total OF
$137 $780, 900, it was learned yesterday
from one of the investigators. This
was his high water mark; in fact,
more than double his ordinary income.
From his holdings of Standard Oil
stock alone Mr. Rockefel' er derives an
income of $40,000,000 every year. His
income from other sources varies, run
ming as high as $4,000, 600 and as low
"a $15.000.000, so that his yearly in
comes varies between $55,900,OOO and
SIS, 00e 600. with an occasional height
beyond this mark
For the purpose of an average the
Rockefeller income NAV be estimated
at 10000, 600 year, or $5,000,OO0 a
month, or 81, 1873 SAG. week. or 1884,
731.31 day, or s6,S63.97 an hour, or
S114.40 minute, or $1.90 % a second.
In 1866, as he has recorded in his
autobiography, John ID. Rockefeller
achieved his first $4,000. Ten years
later he YVES worth $5.000,000 and in
1890 he wa3 reputed to be worth. about
500, 900, GOO, which was just the value
of the Standard Oil Company of New
Jersey, created about that time.
The widest guesses have been made
at the amount of his fortune since
1900, when it was conservatiyely hg-
ured at about $300,000,G00. But even
those who spoke of him as bi lionaire
have never dreamed he. WIS so close
to that title as his present store OF
wealth indicates. if the figures OF the
legal mathematicians who have taken
the subject in hand are correct.
Mr.. Rockefeller has never ventureo
to say what he was worth. Several
years ago he placed the figures at
somewhere between $3C0,000,O0 and
s4G0 100000" but he confessed on the
stand he could not tell within $lO,-
coo. 900 or more" just what he was
worth if he really sat sown to figure
it up.
He has given $174,5OO,ooO to various
charitable, educational and scientific
institutions, but this has not made any
impression on the vast principal OF ms
wealth, being merely gifts out OF the
income
Mr.. Rockefel1er's personal wealth,
aside from his real estate, is establish
ed by the City. of New York, for taxa
| ton purposes, at $5,O0O,000 He pays
taxes on that amount