Edwin Drake was born on March 29, 1819 in New York and is known as the first person to drill for oil in the United States. He founded an oil refinery in Pittsburgh and his work revolutionized the oil industry. His pioneering efforts laid the groundwork for the modern oil industry and his legacy continues to this day.
Edwin Drake is a member of Entrepreneur
Age, Biography and Wiki
💰 Net worth: $50 million (2024)
Edwin Drake, a renowned entrepreneur based in New York, has seen his net worth soar to an astounding $50 million in 2024. With a formidable reputation in the business world, Drake has successfully built a vast empire, generating immense wealth through his strategic investments and ventures. Known for his remarkable acumen and foresight, he has consistently identified lucrative opportunities and capitalized on them, leading to his enviable financial success. Drake's impressive net worth is a testament to his unwavering work ethic, sharp business skills, and ability to navigate the dynamic market. As he continues his entrepreneurial journey, Edwin Drake remains an influential figure in New York, leaving an indelible mark on the business landscape.
About
The first person to drill for oil in the United States. He also founded an oil refinery in Pittsburgh.
Before Fame
He grew up on farms in New York state and Vermont and began working for a Connecticut railway in his late teens.
Trivia
He was hired by Seneca Oil to look into the possibility of finding oil deposits in Pennsylvania. During the course of this assignment, he not only found oil, but also developed a revolutionary way of drilling for it.
Family Life
He was married twice: to Philena Adams, who died during childbirth in 1854, and to Laura Dowd.
Associated With
He and Armand Hammer were both famously involved in the petroleum Business.