Cash Pay - The Investing Secrets of the Richest Man the World Has Ever Known - Motley Fool
On inflation-adjusted terms, Rockefeller’s early-20th-century fortune is estimated by Forbes to bethe equivalent of more than $300 billion today — roughly five times the wealth of today’s richest man, Carlos Slim. When he discovered that crude oil could be refined into kerosene, a high-quality illuminating oil for lamps (automobiles and their need for gasoline would come later), Rockefeller saw the opportunity to help every U. His company, Standard Oil, was a model of cost efficiency and vertical integration, overseeing every stage of oil production, refining, and distribution. I believe the power to make money is a gift from God — just as are the instincts for art, music, literature, the doctor’s talent, yours to be developed and used to the best of our ability for the good of mankind. Year in and year out, he collected Standard Oil dividend checks and enjoyed steady capital appreciation from the stock until the day he died. Real products — like oil — generate real cash from current-day customers, and companies can distribute that cash as dividends to shareholders. Find Out More
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