The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1921-03-10
ROCKEFELLER HAS A BILLION.
Fortune Totals That Sum With Gifts
And Taxes Deducted.

WASHINGTON, Feb. 19.-John D.
Rockefeller, first Millionaire in the
history of the world, has gathered in
$500, 100000 and probably has
about s1,0O0,O0O,0O0 Of it left after
gifts and taxes have been deducted,
it was pointed out here, after an
ANALYSIS of income tax statistics just
published by the Bureau of Internal
Revenue. His yearly income is about
100000.
The fortune on the income of which
he was taxed in 1918 was about
$3.50, 100000; or, reckoning in capi-
tai on which the income is tax exempt,
his total wealth in that year was
probably between SS00,000,000 and
s1,000,000,000, and at the present
time is perhaps not much short OF
the latter figure. AS his known bene-
factions amount to about s3OO,OOO,-
900, John D. Rockefeller has in his
space of one lifetime accumulated
about 81, 1,50O,000,000
Mrs. Hartman Richest Woman.
The richest woman is undoubtedly
Mrs. E. H. Hartman, she being wild
owed and the inheritor of nearly all
her husbands fortune.
The statistics Of the Internal Rev.
enue Bureau show that one woman,
listed as 'single," paid taxes for the
year 1918 on an income of from
s4,O0O,OOO to s5,000,000. The resi-
dence of this woman is given in 9th
er tables as New York State.
AS for Mr.. Rockefeller, the statis-
tics show roughly that he paid in
come tax for the year 1918 on a net
taxable income somewhere between
S2O,OOO,OOO and s25,OO0,000, prob
ably about s22,OOO,00O after general
deductions from his returned income
of nearly S3,000,000. This, of course,
did not include the exemptions on his
charitable bequests, which undoubt-
edly amounted to the Is per cent of
his total income exempted by law,
nor did it include the income from
tax-exempt Liberty bonds, such as
state and municipal bonds, which
were excluded by law from federal
tax.
Bought City Bonds.
Mr.. Rockefeller was large holder
of municipal and state bonds when
the law was passed exempting them,
and as he bought these when interest
was low, they capitalized high.
At one time he is said to have
bought SIS, 100000 of New York City
bonds in a single deal.
By some it is estimated that Mr..
Rockefeller's gross income in 1918
was somewhere between 4O,000,00O
and 100000, probably more near
ly approaching the larger figure than
the smaller one. The same experts
figure that this income represents a
capital of at least $500, 100000 and
probably 81, 1,00O,0O0,00O or more. 1t
is believed that his fortune has in
creased since that time until it now
probably equals the latter figure.
Only "Single" Croesus.
There was but one man listed as
''single'' who reported personal in
come Of more than s4,000,000. There
were but three such incomes, one re-
ported Jointly by husband and wife,
one by a ''single" man not listed as
the 'head of family" and one by a
"single woman"
John D. Rockefeller is a widower
and therefore would be listed as Sin
gle.'' While the Internal Revenue
refuses to give any in
formation as to the identity of the
persons paying the taxes on these
great incomes, it is obvious that Mr..
is the only ''single man.
in the United States who would pay
taxes on an income of more than
Ct 0O0 000