David Rockefeller Net Worth
David Rockefeller, an American investment banker, had a net worth of $2.9 billion at the time of his death. He was born on June 12, 1915, in New York City, and was the oldest living member of the Rockefeller family until his passing on March 20, 2017, at the age of 101. As the grandson of John D. Rockefeller, the founder of Standard Oil and one of the wealthiest individuals in history, David Rockefeller hailed from a prominent and wealthy lineage. In this article, we will explore the life, career, and net worth of this influential figure.
| Category | Details |
|---|---|
| Net Worth | $2.9 billion |
| Salary | N/A |
| Birthdate | June 12, 1915 |
| Birthplace | New York City |
| Gender | Male |
| Height | N/A |
| Profession | Investment Banker |
| Nationality | American |
Highlights
– David Rockefeller had a net worth of $2.9 billion at the time of his death.
– He was born on June 12, 1915, in New York City.
– David Rockefeller was the oldest living member of the Rockefeller family.
– He served as the chairman of the Chase Manhattan Corporation from 1969 to 1981.
– Rockefeller had numerous political connections and traveled extensively.
– He was involved in philanthropic endeavors, co-founding organizations such as the International Executive Service Corps, Americas Society, and the Trilateral Commission.
– David Rockefeller passed away on March 20, 2017, at the age of 101.
Early Life
David Rockefeller was the fifth son and youngest of six children born to John D. Rockefeller Jr. and Abby Aldrich. Born on June 12, 1915, in New York City, he grew up in a wealthy and influential family. His paternal grandfather was the renowned business tycoon John D. Rockefeller Sr., who founded Standard Oil. Rockefeller attended the experimental Lincoln School in Harlem during his youth and later pursued higher education.
He graduated cum laude from Harvard University in 1936 and went on to study economics at the London School of Economics for a year. Rockefeller then obtained his PhD from the University of Chicago in 1940.
Career
Following his graduation from the University of Chicago, David Rockefeller began his career as a secretarial intern to New York Mayor Fiorello La Guardia. He later served as assistant regional director of the US Office of Defense, Health and Welfare Services. In 1943, Rockefeller enlisted in the US Army and worked for military intelligence in France and North Africa during World War II.
After the war, Rockefeller joined Chase National Bank, which had long-standing ties to his family. He started as an assistant manager in the bank’s foreign department and eventually became its president in 1960. Under his leadership, Chase National merged with the Manhattan Company to become Chase Manhattan Bank. Rockefeller served as chairman and CEO of the Chase Manhattan Corporation until 1981. During his tenure, the bank expanded globally and grew its influence over non-financial companies.
David Rockefeller had extensive political connections due to his social stature and international travels. He met with US presidents such as Dwight D. Eisenhower and Jimmy Carter, as well as foreign leaders such as Fidel Castro, Saddam Hussein, and Mikhail Gorbachev. Additionally, he was known for his association with figures like Henry Kissinger and his connections to the CIA.
Personal Life
David Rockefeller was married to environmental conservationist Margaret McGrath from 1940 until her passing in 1996. The couple had six children: David Jr., Abby, Neva, Peggy, Richard, and Eileen. All of them are involved in various business and philanthropic endeavors.
Net Worth Over Time
David Rockefeller had a net worth of $2.9 billion at the time of his death. Throughout his life, he inherited and managed a significant portion of his family’s wealth, which originated from John D. Rockefeller’s ventures in oil. While the Rockefeller family fortune spanned generations, David Rockefeller contributed to its growth through his roles in the banking sector and his philanthropic endeavors.
Components of Net Worth
David Rockefeller’s net worth primarily comprised his ownership stakes, investments, and inheritances. He held significant shares in the Chase Manhattan Corporation, which contributed to his wealth. Additionally, his real estate holdings, including properties in New York, Maine, Argentina, and Australia, added to his overall net worth. Rockefeller’s philanthropic activities also played a role in shaping his net worth, as he donated substantial amounts to organizations such as the Museum of Modern Art and the Rockefeller University, among others.
In conclusion, David Rockefeller, the grandson of John D. Rockefeller, had a net worth of $2.9 billion at the time of his death. He led a successful career in banking, serving as the chairman and CEO of the Chase Manhattan Corporation. Additionally, Rockefeller was known for his political connections, philanthropic efforts, and extensive international travels. His net worth was comprised of various assets, including shares in the banking sector, real estate holdings, and inheritances. David Rockefeller’s contributions and influence leave a lasting legacy in the realms of finance, philanthropy, and global affairs.