Billionaire Philanthropist and Businessman David Rockefeller Dies at 101

Billionaire Philanthropist and Businessman David Rockefeller Dies at 101

Billionaire Philanthropist and Businessman David Rockefeller Dies at 101

According to a family spokesperson, Rockefeller, the last remaining grandchild of America's first billionaire, Standard Oil founder John D. Rockefeller, died peacefully at his family's estate in Pocantico Hills, New York.

Rockefeller was the last in his generation that hailed from the old billionaire families. She lived her life as a conservationist and passed away at 80 years old in 1996.

"Today the world has lost a great man and philanthropist, and we, a dear friend and inspiration", wrote the president of The Rockefeller Foundation, Rajiv J Shah, in his statement.

Rockefeller also made his mark on worldwide affairs, most controversially when he helped lobby President Jimmy Carter to admit the Shah of Iran into the United States for medical treatment, which helped spark the Iran hostage crisis in 1979.

Seitel, was a senior vice president and the director of public affairs at what was then the Chase Manhattan Bank.

"Because I started sooner, I think I probably knew more heads of state than anyone else, possibly with the exception of Henry Kissinger, but maybe even including" him, Rockefeller said in a December 2003 interview.

Rockefeller died at the age of 101 Monday.

That decision ultimately led to the Iranian hostage crisis, in which followers of Ayatollah Ruhollah Khomeini took over the US embassy in Tehran.

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David Rockefeller Sr. and his wife, Margaret Peggy McGrath (1915 - 1966) had six children: David Jr.

He was the youngest of six children born to financier John Davison Rockefeller Jr. and socialite Abigail Greene Aldrich. In 2015, Forbes magazine estimated his fortune at $US3 billion. He joined the USA army during World War II, where he served in military intelligence in north Africa and France.

Rockefeller had pledged to leave $100 million to the museum, $100 million to Harvard University and $100 million to Rockefeller University, founded by his grandfather.

Unlike his other brothers, John D.

Nelson Rockefeller served as governor of NY and briefly as USA vice-president while Winthrop Rockefeller was the governor of Arkansas.

Aside from his generosity to the arts, his philanthropy was such that it earned him the Presidential Medal of Honor - the highest civilian award one can earn - in 1998.

Rockefeller wasn't afraid to be critical of officials who deserved it.

"David was an absolute joy", the spokesperson said.

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