Billionaire banker David Rockefeller dies aged 101


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Billionaire banker David Rockefeller dies aged 101
David Rockefeller © Dennis Van Tine/Geisler-Fotopres ©
Former Chase Manhattan Chief Executive David Rockefeller has died on the age of 101.
Rockefeller died in his sleep at house in Pocantico Hills, New York, on Monday morning because of congestive coronary heart failure, based on a household spokesperson Fraser P. Seitel.

The businessman, who had an estimated fortune of $three billion, retired as head of Chase Manhattan in 1981 after a 35-year profession.

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6:04 PM – Mar 20, 2017
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In the statement from the The Rockefeller Foundation confirming his demise, Rockefeller was described as “one of the most influential figures in the history of American philanthropy and finance, considered by many to be ‘America’s last great international business statesman’.”

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Rockefeller, often known as ‘the banker’s banker’, based on the statement, is alleged to have donated virtually $2 billion over his lifetime to numerous establishments together with Rockefeller University, Harvard University and artwork museum.

Rockefeller basis statement says David Rockefeller’s reason behind demise at age 101 is congestive coronary heart failure.

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David was the youngest of six kids born to John D. Rockefeller Jr. and the grandson of Standard Oil co-founder John D. Rockefeller.

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Rockefeller graduated from Harvard in 1936 and obtained a doctorate in economics from the University of Chicago in 1940. Appointed president of Chase Manhattan in 1961, he grew to become chairman and CEO eight years later.

The Rockefeller Foundation

Statement from @RockefellerFdn president @rajshah on the passing of David Rockefeller, Sr:

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5:15 PM – Mar 20, 2017
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Rockefeller usually spoke concerning the significance of American capitalism, which he stated “brought more benefits to more people than any other system in any part of the world at any time in history.”

“The drawback is to see that the system is run as effectively and as truthfully as it may be,” he added.

Rockefeller was married to Margaret McGrath from 1940 till her demise in 1996 and the couple had six kids.


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