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U.S. banker David Rockefeller dies at 101

20 March 2017, 08:41 | Winifred Adams

U.S. banker David Rockefeller dies at 101

U.S. banker David Rockefeller 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, in a 2002 interview with Charlie Rose, said Iran would be better today had the shah remained in power. "But I think that he saw what needed to be done in Iran in the way of education and health and in many other areas, and he took steps to do something". His father, John D. Rockefeller Jr., was the only son of John D. Rockefeller.

Rockefeller maintained the family's patronage of the arts, including its long-standing relationship with New York's Museum of Modern Art, of which his mother had been a fervent patron.

Rockefeller collected beetles as a lifelong hobby and also acquired art - a Mark Rothko painting he bought in 1960 for less than $10,000 was auctioned for more than $72 million in May 2007.

One estimate said that during his life David Rockefeller Sr. gave away $900 million, and a Forbes estimate is that he was worth $3.1 billion.

"There are a number of organizations that will see their finances radically change after David Rockefeller dies", Inside Philanthropy said.

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The private IL university was an educational institution that his grandfather, John D., America's first billionaire, helped found with a donation equivalent in today's currency to roughly $16 million. He also had a nephew, Jay Rockefeller, who served as USA senator from West Virginia. That bank merged with The Manhattan Company in 1955.

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. He retired in 1981 at age 65 after a 35-year career. The Trilateral Commission, a group Rockefeller founded in 1973 to foster relations between North America, Japan and Western Europe, came to be a regular target of the far-right and conspiracy theorists who said it was trying to create a one-world government.

He was the last surviving grandchild of John D. Rockefeller.

David was the oldest of six children. Winthrop Rockefeller was a governor of Arkansas. 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. His brother Nelson served as governor of NY and USA vice president while another brother, Winthrop, served as governor of Arkansas.

Rockefeller married Margaret McGrath from 1940 until her death in 1996 and the couple had six children.



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