David Rockefeller Passes At 101; Famed Billionaire Philanthropist Dies In His Sleep

By Marguerite Chang - 21 Mar '17 07:33AM
  • David Rockefeller - US billionaire and philanthropist
  • (Photo : Brendan Smialowski/Getty Images) David Rockefeller dies peacefully in his sleep. He was 101 years old.

David Rockefeller, the world famous US billionaire and philanthropist, has peacefully joined his Creator in his sleep. He was found dead at his Poncantico Hills, New York home according to Fraser P. Seitel, the family's spokesperson. Rockefeller was 101 years old.

Rockefeller and his family controlled the Chase Manhattan bank which later became JP Morgan Chase. Even if the family's control over the bank was no more than 5% in shares, but because of Rockefeller's cunning as chairman and chief executive the bank went overseas under his care and had international operations. He was much respected that the bank was even called "David's bank" when he was at the helm.

It was not only in the U.S. that Rockefeller left his mark. In fact, he was recognized the world over because of how he handled the financial state of Chase Manhattan and pushed for the improvement of the country's economy. He traveled extensively and made sure to always push for the improvement of the US economy in every business deal.

David Rockefeller was the youngest son of oil tycoon John D. Rockefeller. He was not only good in the business world but he was a staunch advocate of the arts as well. He and his family have worked closely with the Museum of Modern Art. His art collection is unparalleled and some of his collection can be found hung in the walls of the Rockefeller Center.

He was not only a patron of the art and a great banker but he was also known for his generosity. He was always open to giving and donating the family's fortune for the good of the many. In 1998, he was given the Presidential Medal of Freedom because of his charitable work. This is the highest honor that the state can give to a civilian.

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