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

The litigation that has brought about
the examination OF John ID. Rockefeller
as witness to tel! OF the present rela.
tons between Standard Oil and its
former subsidiary companies supposed
ly disassociated from it under the
judgment of the United States SUI
preme Couri, has involved also a quiet
inquiry into the stock holdings and
other forms of wealth of Mr.. Rookie
Teller
From all the data available, and one
of the associate counsel in this inquiry
said yesterday the available data were
fairly exhaustive, the conclusion has
is now worth ($900.000, 000) NINE
HUNDRED MILLION DOLLARS.
This estimate, ii is believed. comes
within a few millions of being correct.
1t is a practical impossibility to arrive
at an exact estimate, for the daily fiuc-
tus lions of stocks may add or take
away several milliorj 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 1t has dropped to the low
levels he buys back what he sold ana
reinvests the profit in more low priced
stocks or bonds. The great bulk of
his wealth is invested in oil, railroad,
banking end industrial stocks.
The lawyers who have undertaken
tie task of calculating just 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
0e0 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 OF
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, 100000. 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 $25,0C0, 600 and as low
a.3 $15,000,000, so that his yearly in
comes varies between $55.600,000 and
$65, O0e 900. with an occasional height
beyond this mark.
For the purpose of an average the
Rockefeller income. NAV be estimated
at $60.000,000 a year, or $5,000,000
month, or 81 1853 ,S46. a week, or 1884,
1871 a day, or $6,S6397 an hour, or
$114.4e a~minute, or $3.50 2-3 a second.
autobiography, John ID. Rockefeller
achieved his first $4,000 Ten years
later he YVES worth $5.000,000 and in
1890 he WIS reputed to be worth about
500, 100000, 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 conservatively fig
ured at about $300,000,000. But even
those who spoke of him as bi 'lionaire
have never dreamed he was 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 $3e0,000.00 and
$400, 100000" but he confessed on the
stand he could not tell within &c.,
100000 or more" just what he was
worth If he really sat sown to figure
it UP.
He has given $174,5c0.O00 to various
charitable. educational and scientific
institutions, but this has not made any
impression on the vast principal of his
being merely gifts out of the
income
Mr.. Rockefeller's personal wealth,
aside from his real estate. is establish
ed by the City of New York, for taxa
ton purposes, at $5.000.000 He pays
taxes on that amount