David Rockefeller, Billionaire Businessman and Philanthropist, Dies at 101

David Rockefeller, Billionaire Businessman and Philanthropist, Dies at 101

David Rockefeller, the billionaire businessman and philanthropist who was the last in his generation of one of the country's most famously philanthropic families, died Monday.

Rockefeller's spokesman, Fraser P. Seitel, said he died peacefully in his sleep on the morning of 20 March 2017 at his home in Pocantico Hills, New York.

After the war, he joined Chase Manhattan Bank (now Chase Bank), which the family controlled, and rose through the ranks.

He was the grandson of oil magnate John D. Rockefeller, one of the founders of the Standard Oil Co., and the son of John D. Rockefeller Jr., developer of New York's famed Rockefeller Center. David Rockefeller's nephew, JayRockefeller, was a longtime USA senator from West Virginia. Rockefeller eventually became company president, and served as a Chairman until his retirement in 1986.

Rockefeller earned a degree from Harvard University in 1936 and did graduate work at the London School of Economics, where he met future President John F. Kennedy and dated his sister Kathleen. His father, John D. developed the famous Rockefeller Centre in NY. III and Laurance, who shied from the spotlight and were known for philanthropy, David Rockefeller embraced business and traveled and spoke widely as a champion of enlightened capitalism. Nelson (1908 - 1979) was a vice president of the United States (1974 - 1977) under President Gerald Ford and a NY governor (1959 - 1973). On his 100th birthday in 2015, David announced that he was donating 1000 acres of land in ME next to a National Park to create an even larger area for the public to enjoy. His private art collection was once valued at $500 million. Rockefeller is said to have donated nearly $2 billion over his lifetime to various institutions including Rockefeller University, Harvard University and art museums.

Rockefeller established several worldwide 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 1940 to 1941 he was secretary to New York Mayor Fiorello LaGuardia and in 1942 he enlisted in the U.S. Army, serving in military intelligence in North Africa and France. That bank merged with The Manhattan Company in 1955.

Rockefeller's wife, Peggy, died in 1996.

David was the oldest of six children.



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