Fractals are situations where the geometry seems best approximated by an infinitely "branching" sequence - used, for example, in modeling trees. For work on fractals that I have done as a theoretician, I recommend the included links.
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Fractals
Fractals
Nobody. Fractals are not owned by anyone!
But to a mathematician, it is a neat, neat subject area. Why are fractals important? Fractals help us study and understand important scientific concepts, such as the way bacteria grow, patterns in freezing water (snowflakes) and brain waves, for example. Their formulas have made possible many scientific breakthroughs.
Complex mathmatic equations.