The world's oldest billionaire dies

Carnation

And he was a former top firm CEO.

Bloomberg News reports that David Rockefeller, the U.S. banker, philanthropist, presidential adviser and heir to one of history’s most fabled fortunes, has died. At 101, he was the world’s oldest billionaire.

He died Monday at his home in Pocantico Hills, New York, according to an emailed statement from Fraser P. Seitel, a family spokesman. The cause was congestive heart failure.

Rockefeller was the youngest and last-surviving grandson of Standard Oil founder John D. Rockefeller, the nation’s first billionaire. He was the only one of John D. Rockefeller Jr.’s five sons who spent his entire professional career in the corporate world, rising to chief executive officer of Chase Manhattan Bank during his 35 years at the company.

Hit the link below to access the complete Bloomberg News article:

David Rockefeller, Banker, Philanthropist, Heir, Dies at 101

UBS to Face French Tax Trial After Settlement Talks Fail

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts