A KEROSENE MONOPOLIST.
When the housewfie bays her tin of kerosene, she little thinks how she is helping to swell the riches of the wealthiest man in the world—John D. Bockfeller. This gentleman owns more than half the shares in the Standard Oil Company, one of the greatest monopolies in the world, and from which most of the kerosene used in Australasia comes. The par value of his shares amounts to the modest sum of £10,000,000. < In three months he added £4,000,000 to his fortune through these shares alone. In February last his shares were worth £26,000,000. At the time of writing they are worth £30,000,000. Every day of his life now {this modern Croesus adds £IO,OOO to his fortune. Outside of the Standard Oil Company, Mr Rockfeller has £20,000,000 invested in'enterprises of vast magnitode, and a rough estimate places his fortune at £50,000,000. Yet at the age of 35 this man did not have £2OO to his name.—Exchange.
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Bibliographic details
Lake Wakatip Mail, Issue 2170, 20 August 1897, Page 6
Word Count
159A KEROSENE MONOPOLIST. Lake Wakatip Mail, Issue 2170, 20 August 1897, Page 6
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