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News Worms


Philanthropist, oil heir, banker David Rockefeller dead at 101

Philanthropist, oil heir, banker David Rockefeller dead at 101

United States banker and philanthropist David Rockefeller has died at the age of 101 on Monday, his family said.

Rockefeller, the grandson of Standard Oil founder John D. Rockefeller Sr. and a former chairman and CEO of The Chase Manhattan Bank, died in his sleep of congestive heart failure, a family spokesman, Fraser Seitel, said.

Renown for his association with Chase Manhattan bank, Rockefeller was chairman and chief executive of the lender during the 1970s.

Born June 12, 1915, as the sixth child of John D. Rockefeller Jr. and Abby Aldrich Rockefeller, David Rockefeller graduated from Harvard in 1936 and earned a doctorate in economics from the University of Chicago in 1940.

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To mark his 100th birthday in 2015, Rockefeller donated more than 1,022 acres of land in Seal Harbor, Maine to the Mount Desert Island Land and Garden Preserve.

The renowned capitalist supported the assistance of economies overseas, arguing that it would create customers for American products. He also spurred the project that led to the World Trade Center.

Mr Rockefeller retired in 1981 aged 65.

Mr Rockefeller's private art collection was once valued at $500m (£404m).

He was also remembered for his patronage to philanthropy and the arts, preserving his family's close relationship with the Museum of Modern Art.

He was awarded a Presidential Medal of Freedom, the nation's highest civilian honor, in 1998. His wife, an active conservationist, died in 1996.

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