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In the late 1800s, oil tycoon John D Rockefeller invested in railroads and other supporting industries like the Northwest Equipment Co in Minnesota to diversity his wealth beyond oil.
In the 1880s, his fortune was so vast it would be like controlling ~$430 billion today, more influence than any present-day billionaire. He was diversifying well before antitrust scrutiny hit, Rockefeller made sure he’d stay rich even if, and eventually when, Standard Oil was broken up in 1911.
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