The Indian Express (Delhi Edition)

Billionair­e banker, philanthro­pist David Rockefelle­r dies at 101

- REUTERS

PATRIARCH OF ONE OF THE MOST INFLUENTIA­L AMERICAN FAMILIES

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.

Rockefelle­r, who reportedly gave away nearly $2 billion in his lifetime, "died peacefully 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 US "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, Rockefelle­rforgedsuc­hanetwork of close relationsh­ips with government­s and multinatio­nal corporatio­ns that observers said the bank had its own foreign policy.

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

He also was viewed with anger on the right for pushing to open trade with China and the Soviet Union during the Cold War. The Trilateral Commission, a group Rockefelle­r founded in 1973 to foster relations between North America, Japan and Western Europe, came to be a regular target of the far-right and conspiracy theorists who said it was trying to create a one-world government.

Rockefelle­r became embroiled in an internatio­nal incident when in 1979 he and longtime friend Henry Kissinger helped persuade President Jimmy Carter to admit the shah of Iran to the United States for treatment of lymphoma, helping precipitat­e the Iran hostage crisis.

Rockefelle­r was born in Manhattan as the youngest of six siblings. His brother, Nelson Rockefelle­r, served as vice president under U.S. President Gerald Ford after being elected as governor of New York for four terms starting in 1959. David Rockefelle­r's nephew, Jay Rockefelle­r, was a longtime US senator from West Virginia.

David Rockefelle­r spent his childhood in New York City and at the family's estates, and recalled meeting such luminaries as Charles Lindbergh, Admiral Richard Byrd and Sigmund Freud.

His ties to the internatio­nally famous continued throughout his adulthood, symbolized by his famed 100,000-card Rolodex, housed in its own room next to his office in Manhattan's Rockefelle­r Center.

The site of the nine-story mansion where he was born, then New York's largest residence, is now part of the Museum of Modern Art, which his mother, Abby, helped found in 1929. Rockefelle­r collected beetles as a lifelong hobby and also acquired art - a Mark Rothko painting he bought in 1960 for less than $10,000 was auctioned for more than $72 million in May 2007.

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