But actually, look in history. All right, who have the billionaires been? Let's look at the first billionaire in American history. That was John D. Rockefeller. What did John D. Rockefeller discovered oil and developed low-cost distribution for energy across the country. produced enormous value, transforming this nation, transforming the lives of millions of people. One of the other early billionaires, Henry Ford invented the Model T, invented and perfected the assembly line of production. (10:25–10:40)
CLAIM
Asserts that John D. Rockefeller was the first billionaire in American history due to his contributions to the oil industry.
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