Billionaire philanthropist David Rockefeller dies at age 101 » Manila Bulletin News

Manila Bulletin Philippines

Breaking News from the Nation's leading newspaper

Tempo

Online Newspaper

Showbiz and Celebrity News

Sports News

World News
News Asia

The Nation's Leading Newspaper

Tuesday, March 28, 2017 29° Mostly cloudy

Billionaire philanthropist David Rockefeller dies at age 101

Published

By Reuters

Billionaire philanthropist David Rockefeller, former head of Chase Manhattan Corp and patriarch of one of the most famous and influential American families, died on Monday, a family spokesman said. He was 101.

 FILE PHOTO -- David Rockefeller arrives at the funeral service for New York socialite and philanthropist Brooke Astor at St. Thomas Church in New York, August 17, 2007. REUTERS/Jeff Zelevansky/File Photo/ Manila Bulletin

FILE PHOTO — David Rockefeller arrives at the funeral service for New York socialite and philanthropist Brooke Astor at St. Thomas Church in New York, August 17, 2007. REUTERS/Jeff Zelevansky/File Photo/ Manila Bulletin

Rockefeller, who reportedly gave away nearly $2 billion in his lifetime, died in his sleep of congestive heart failure at his home in Pocantico Hills, New York, spokesman Fraser Seitel said in a statement.

One of the few remaining links to the U.S. “gilded” era of robber barons, he was the son of John D. Rockefeller Jr., who developed New York’s Rockefeller Center, and was the last living grandson of oil tycoon John D. Rockefeller, founder of Standard Oil and the family dynasty. He also embodied an era when globe-trotting bank chiefs worked with the world’s most powerful politicians.

During his time as head of Chase from 1969 to 1981, Rockefeller forged such a network of close relationships with governments and multinational corporations that observers said the bank had its own foreign policy.

The Rockefeller name came to symbolize unpopular U.S. banking policies in debtor countries, and Rockefeller was scorned on the left for working with Chile’s Augusto Pinochet and the shah of Iran.

Tags: , , , , , ,

Related Posts