Biography of the rockefeller family trust

Dynasty trusts have played a crucial role in preserving wealth and fostering a lasting financial legacy for many affluent families throughout history. One excellent example is the Rockefeller family, whose strategic use of dynasty trusts has made them one of the most prosperous and enduring family dynasties in the world.

Who Started It?

The Rockefeller dynasty trust was established by John D.

Rockefeller, the American business magnate and philanthropist who founded the Standard Oil Company in 1870.¹ As the wealthiest individual of his time, Rockefeller developed values and traditions to keep his family together and preserve their wealth for over 150 years.² In 1934, he established the family’s first trust, which laid the foundation for the creation of the dynasty trust in 1952,³ both managed by Chase Bank, that would protect the interest of family descendants for generations.⁴

Standard Oil would go on to control 90 percent of US refineries and pipelines, and Rocke