World’s oldest billionaire, David Rockefeller dies at 101
David Rockefeller, the philanthropist and billionaire businessman was the last in his generation of one of the country’s most famously philanthropic families. David died in his sleep Monday at the hugh age of 101 at his home in Pocantico Hills, New York.
Rockefeller was the grandson of John D. Rockefeller, Standard Oil co-founder and youngest of 6 children born to John D. Rockefeller, Jr. David Rockefeller became the guardian of his family’s fortune and head of a network of family interests, both business and philanthropic, that ranged from environmental conservation to the arts with the passing of his sister and brothers,
In 2015, Forbes magazine estimated his fortune at $3 billion. His private art collection was once valued at $500 million.
Rockefeller will be maybe remembered most for his philanthropy.In 2005, he donated $100 million each to two New York institutions: the Museum of Modern Art, which was co-founded by his mother, and Rockefeller University, a medical-research school started by his grandfather.Later in 2006, he awarded $225 million to the Rockefeller Brothers Fund, which he and his brothers established in 1940 to promote social change worldwide.
In 2008 Rockefeller gave $100 million to his alma mater, Harvard University in Cambridge, Massachusetts.
To mark his 100th birthday in 2015, he gave 1,000 acres of land next to a national park to Maine.
Rockefeller was estimated to have met more than 200 rulers in more than 100 countries during his long life, and was often treated as if he were a visiting head of state.
Rockefeller and his wife the former Margaret McGrath, where married in 1940 and had 6 children David Jr, Abby, Neva,Richard, Eileen and Margaret. His wife, an active conservationist passed away in 1996.