Self-made billionaire John Davison Rockefeller (1839–1937) approached life with immense energy and ambition. Born on this day in Richford, New York, he was raised to work hard, save faithfully, and give generously.

“I believe that every right implies a responsibility; every opportunity, an obligation; every possession, a duty,” said the successful entrepreneur.

Like Andrew Carnegie, Rockefeller started with little. In 1859, with $1,000 of savings and $1,000 borrowed from his father, he began a merchant partnership with neighbor Maurice Clark.

By 1863, with the addition of partner Samuel Andrews, the team pivoted to oil production. “The road to happiness lies in two simple principles: find what it is that interests you and that you can do well, and when you find it, put your whole soul into it—every bit of energy and ability you have,” Rockefeller explained.

In 1865, Rockefeller bought out the business for $72,500. With passion and perseverance, he expanded production and pioneered pipeline transport. His company, Standard Oil, revolutionized business and eventually controlled 90% of the U.S. oil industry.

“If you want to succeed, you should strike out on new paths rather than travel the worn paths of accepted success,” he said.

A passionate golfer and widely recognized as one of the world’s greatest philanthropists, Rockefeller gave away over $530 million in his lifetime. His donations often came with a challenge: recipients were required to raise matching funds through their own efforts.

“I believe it is a duty for a man to get all the money he honestly can and give all he can,” he said.

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