Billionaire David Rockefeller passes away at the age of 101

David Rockefeller, American banker who was chairman and chief executive of Chase Manhattan Corporation, died on Monday morning at his home in NY.

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

While it's debatable that some people have said that David Rockefeller was evil (despite his many philanthropies), others, such as former mayor of New York, Michael Bloomberg had nothing but gracious things to say about his passing.

He was the last son of philanthropist and financier John D. Rockefeller, Jr., and was the family patriarch since 2004. In total he spent 35 years at the company which today has merged to become JP Morgan Chase & Co.

He married Margaret "Peggy" McGrath on September 7, 1940. She died in 1996. He gave more than $2 billion to education and arts groups or charity, according to Reuters. He was the last living grandchild of the famous John Dr. Rockefeller, and he and his brothers were known as the "Rockefeller Brothers". The Rockefeller Family Fund, set up by David Rockefeller and his brothers in 1967, is dedicated in part to weaning the world off of oil-and of attacking ExxonMobil, the heir to his grandfather's creation, Standard Oil.

He enlisted in the U.S. Army in 1942 and served in World War II in various places, including North Africa and southwestern France, rising to the rank of captain.

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Moreover, it is worth debunking the wild rumors that have been swirling on the Internet for numerous years that David Rockefeller, had seven heart transplants to extend his life.

Then, during New York's mid-'70s fiscal crisis, Rockefeller took the lead in recruiting the private sector to help craft a rescue plan that allowed the city to escape bankruptcy.

In 2015, Rockefeller donated $4 million to establish an operating endowment to support the Rockefeller State Park Preserve, located in Pleasantville in Westchester County.

"Maybe in another 20 years I'll outlive all my bad press", Rockefeller said in the interview.

His charitable service earned him a Presidential Medal of Freedom, the country's highest civilian honor, in 1998. "It is my hope that the public should forever benefit from this beloved tract of land", Mr. Rockefeller, who had vacationed on the home since his birth, said when he announced the donation.

  • Darren Santiago