Billionaire David Rockefeller Dies at Age 101

Posted March 21, 2017

Former Chase Manhattan Chief Executive David Rockefeller has died at the age of 101.

Bush says in a statement that he and his wife, Barbara, are "deeply saddened" by the death of their "wonderful friend". In his 2002 memoir, the first such autobiography to be published by a member of his family, Rockefeller recounted a gilded youth - one in which he delivered food to the poor with the help of a chauffeur, roller-skated along Fifth Avenue tailed by a limousine in case he should grow exhausted, and attended dinner with a father and mother who ate every night in their formal wear. The billionaire philanthropist who was the last of his generation in the famously philanthropic Rockefeller family died, Monday, March 20, 2017, according to a family spokesman.

During that time, Rockefeller's leadership - and internationally oriented policies - became synonymous with Chase Manhattan, an institution so shaped by his reputation and vision it was occasionally tagged with the moniker "David's Bank".

He died of congestive heart failure in his sleep at his home in Pocantico Hills, New York, spokesman Fraser P. Seitel said. Out of all John D. Rockefeller Jr.'s sons, David Rockefeller spent his entire professional career in the corporate world.

With the passing of his elder siblings, Rockefeller was at the head of a sprawling network of family interests, both business and philanthropic, that range from environmental conservation to the arts. To mark his 100th birthday in 2015, Rockefeller gave 1,000 acres of land to the state of Maine, The Associated Press reported.

He was born in New York City on June 12, 1915, the youngest of six children.

Rockefeller was a celebrated philanthropist who earned a Presidential Medal of Freedom in 1998. He had been named president of the bank, then called Chase Manhattan, in 1961.

Under Rockefeller, Chase - now JPMorgan Chase & Co. - was the first US bank to open offices in the Soviet Union and China and, in 1974, the first to open an office in Egypt after the Suez crisis of 1956.

FILE - In this April 31, 1981, file photo, David Rockefeller poses for a photograph. His brother Nelson served as governor of NY and USA vice president while another brother, Winthrop, served as governor of Arkansas.

As one of the Rockefeller grandchildren, David belonged to the last generation in which the inherited family billions were concentrated in a few hands.