Billionaire Businessman David Rockefeller dies at 101

Justin Greene
March 21, 2017

The Rockefeller Foundation mourned "the loss of great man and philanthropist", president Rajiv Shah said in a statement.

Former Chase Manhattan Chief Executive, billionaire David Rockefeller has died at the age of 101, "Armenpress" reports, citing RT.

Rockefeller joined The Chase National Bank in 1946, became a vice president in 1949 and senior vice president in 1952.

Head of JP Morgan Chase bank, David Rockefeller was the grandson of John D. Rockefeller, co-founder of the Standard Oil company. Out of all John D. Rockefeller Jr.'s sons, David Rockefeller spent his entire professional career in the corporate world. In a 2003 interview, he suggested he knew more world leaders than anyone, with the possible exception of Henry Kissinger.

Rockefeller became embroiled in an global incident when in 1979 he and long-time friend Henry Kissinger helped persuade President Jimmy Carter to admit the shah of Iran to the United States for treatment of lymphoma, helping precipitate the Iran hostage crisis.

Mr Rockefeller retired in 1981 aged 65. The bank later transformed into JPMorgan Chase & Co. From Washington to New York City government to capitals around the world, his influence was far flung and included banking, education and the art world. Forbes magazine ranked Rockefeller 581st on its annual list of billionaires released Monday with a fortune of $3.3 billion.

He was a longtime member of the Council on Foreign Relations, serving as chairman from 1970 to 1985.

Rockefeller and his wife, the former Margaret McGrath, were married in 1940 and had six children - David Jr., Richard, Abby, Neva, Margaret and Eileen. They had six children and 10 grandchildren.

David Rockefeller was the last surviving brother of his generation. His brother Nelson served as governor of NY and USA vice president while another brother, Winthrop, served as governor of Arkansas.

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