Billionaire banking boss David Rockefeller dies aged 101

Billionaire banking boss David Rockefeller dies aged 101

Cheryl Sanders
March 20, 2017

David Rockefeller, the billionaire businessman and philanthropist died Monday at the age of 101.

Mr Rockefeller died at his home in Pocantico Hills, New York, a family spokesman confirmed.

During his life, David Rockefeller donated more than $150 million to Manhattan's Museum of Modern Art, which his mother co-founded. David Rockefeller's nephew, JayRockefeller, was a longtime US senator from West Virginia.

Rockefeller was named president of Chase Manhattan in 1961.

One of the major efforts of Rockefeller's later years was directed at restoring family influence in the landmark Rockefeller Center, most of which had been sold in the 1980s to Japanese investors. His brother Nelson served as governor of NY and USA vice president while another brother, Winthrop, served as governor of Arkansas. His father, John D. developed the famous Rockefeller Centre in NY. His charitable activities earned him the Presidential Medal of Freedom in 1998, and he marked his 100th birthday by giving 1,000 acres of land to the state of ME in 2015.

Rockefeller collected beetles as a lifelong hobby and also acquired art - a Mark Rothko painting he bought in 1960 for less than $10,000 was auctioned for more than $72 million in May 2007.

Rockefeller established several global and philanthropic associations: the Americas Society, the weighty Trilateral Commission to promote cooperation between North America, Europe and Japan, and the New York City Partnership to help the city's poor. From Washington to New York City government to capitals around the world, his influence was far flung and included banking, education and the art world.

Rockefeller was a celebrated philanthropist who earned a Presidential Medal of Freedom in 1998.

David Rockefeller was also known for his philanthropy, bequeathing $225 million to the Rockefeller Brothers Fund, a foundation promoting global social change.

He earned a bachelor's degree in English history and literature from Harvard (1936) and a doctorate in economics from the University of Chicago (1940). He served in the Army during World War II, then began climbing the ranks of management at Chase Bank.

David Rockefeller Sr. and his wife, Margaret Peggy McGrath (1915 - 1966) had six children: David Jr.

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