David Rockefeller, banker and philanthropist, dies at 101

Caroline Beck
March 21, 2017

He was the head of a sprawling network of family interests, both business and philanthropic, that range from environmental conservation to the arts and headed what is now JPMorgan Chase bank. He also oversaw the growth of Chase Manhattan's operations in the Middle East, Latin America and Japan, Seitel said.

The billionaire was the last generation of one of the United States' most well-known families, who controlled Chase Manhattan bank for more than a decade, the New York Times reports.

He was the last surviving grandson of John D. Rockefeller, founder of Standard Oil, and his death ends a chapter in the storied Rockefeller dynasty; he and his brothers - David, Laurance, John, Nelson and Winthrop - were heavily involved in politics, government, business, philanthropy and the arts in ways unequaled by other US families. He played a key role in developing the Wall Street financial district and the construction of the World Trade Center in the 1960s and 1970s, in a manner similar to his father's building of Rockefeller Center in the 1930s. But it slipped from its standing then as No. 3 in the world and was purchased by Chemical Bank of NY in 1996.

David Rockefeller delivers remarks before presenting then-Secretary of State Colin Powell with the Marshall Award in 2003.

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He published his autobiography, "Memoirs", in 2002 and continued going to work every day into his 90s. Over the course of his lifetime, the former chairman and chief executive of the Chase Manhattan Corp. gave away almost $2 billion, according to Reuters.

In May 2015, he made a rare public appearance in ME to mark his approaching 100th birthday by donating 1,000 acres (405 hectares) for preservation on exclusive Mount Desert Island.

As much as he gave, Rockefeller had almost the same propensity for collecting.

Still, his longest-running collection was significantly less ostentatious: his beetle collection.

Other reports by TheDailyFarc

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