David Rockefeller, a billionaire philanthropist and banker, has died at the age of 101 on Monday morning, CBS News reports.
David was the last of his generation in the Rockefeller family to pass away. According to the Rockefeller’s spokesman, Fraser P.Seitel, he died peacefully in his sleep at his home in Pocantico Hills, N.Y.
Rockefeller was the sixth child of John D. Rockefeller Jr. and the grandson of Standard Oil co-founder John D. Rockefeller. His grandfather was the world’s first billionaire and turned his family into the wealthiest in United States history.
David headed what is now known as JP Morgan Chase in the 1970s and transformed it into an international bank.
In 2015, Forbes magazine estimated his fortune at $3 billion. He was a very charitable man and for his 100th birthday in 2015, he donated 1,000 acres of land next to a national park in Maine.
Rockefeller enjoyed traveling and speaking around the world about enlightened capitalism. After graduating from Harvard in 1936, he received his doctorate degree in economics from the University of Chicago in 1940.
After serving in the Army during World World II, he climbed the ranks of management at Chase Bank. He became the president in 1961 and chairman and executive officer eight years later. Rockefeller served in the role until his retirement at age 65 in 1981.
Rockefeller’s six children, David Jr. Richard, Abby, Neva, Margaret and Eileen survive him. His wife, Margaret McGrath, died in 1996.