Speed Reads

A farewell

Billionaire banker David Rockefeller dies at age 101

Billionaire banker and philanthropist David Rockefeller died Monday at his home in Pocantico Hills, New York. He was 101. Rockefeller was the world's oldest billionaire, and the last surviving grandson of Standard Oil co-founder John D. Rockefeller.

Rockefeller served as Chase Manhattan's president and later chairman and CEO during his 35 years at the company, expanding the bank's international presence and playing a hand in U.S. foreign policy and financial affairs. He also won a Presidential Medal of Freedom in 1998 for his philanthropic work. Bloomberg reported Rockefeller gave away "more than $900 million during his lifetime," donating generously to New York's Museum of Modern Art and to his alma mater, Harvard University.