A piece of the old Rock(efeller)
$392 bln is the net worth of John D Rockefeller in 1913 (adjusted for inflation, as of 2016), considered to be the wealthiest man in American history
Image: Hulton Archive / Getty Images
Image: Hulton Archive / Getty Images
When the conglomerate Mitsubishi Estate struck a deal to take control of Manhattan’s Rockefeller Center in late 1989, it capped a decade of go-go acquisition of US trophy assets—Firestone Tire & Rubber, Columbia Pictures and plum real estate—by Japanese corporations. This deal, struck just weeks before Japan’s stock market cratered, would prove hubristic, landing the iconic building complex in bankruptcy.
(This story appears in the 18 August, 2017 issue of Forbes India. To visit our Archives, click here.)
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