Billionaire David Rockefeller Dies at Age 101


American banker, philanthropist and Rockefeller family patriarch David Rockefeller has died.

He died of congestive heart failure in his sleep at his home in Pocantico Hills, New York, spokesman Fraser P. Seitel said.

Rockefeller was named president of Chase Manhattan in 1961.

He was named president and co-CEO on January 1, 1961, eventually becoming sole CEO and chairman from 1969 through 1980.

The world-known philanthropist and confidante of several USA presidents, David Rockefeller, was born in 1915 as the grandson of the oil baron John D. Rockefeller, the first billionaire in the USA history.

Nelson Rockefeller served as governor of NY and briefly as USA vice-president while Winthrop Rockefeller was the governor of Arkansas. By then it had made John D Rockefeller the richest man in the world, and provided an extraordinarily gilded and well-connected inheritance for his descendants. He relinquished the chairmanship in 1981, when he retired.

Mr Rockefeller's private art collection was once valued at $500m (£404m).

He was also behind the project that led to the World Trade Center in New York City.

He was also remembered for his patronage to philanthropy and the arts, preserving his family's close relationship with the Museum of Modern Art.

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.

Rockefeller was a celebrated philanthropist who earned a Presidential Medal of Freedom in 1998.

Rockefeller and his wife, the former Margaret McGrath, married in 1940 and had six children: David Jr, Richard, Abby, Neva, Margaret and Eileen. She died in 1996.