As one of the most talked-about figures, David Rockefeller has built a significant fortune. Our team analyzed the latest data to provide a clear picture of their income.
What was David Rockefeller's Net Worth?
David Rockefeller was born on June 12, 1915, in New York City as thefifth son and youngest of six children of John D. Rockefeller Jr. and Abby Aldrich. His siblings were Abby, John III, Nelson, Laurance, and Winthrop. The kids' paternal grandfather was business tycoon John D. Rockefeller Sr., whose wife was Laura Spelman. As a youth, David Rockefeller was educated at the experimental Lincoln School in Harlem. For his higher education, he attended Harvard University, from which he graduated cum laude in 1936. Rockefeller also studied economics for a year at the London School of Economics. Returning to the United States, he enrolled at the University of Chicago, where he obtained his PhD in 1940.
Following his graduation from U of C, Rockefeller became a secretarial intern to New York Mayor Fiorello La Guardia. After that, he served as assistant regional director of the US Office of Defense, Health and Welfare Services. In 1943, Rockefeller enlisted in the US Army; he was promoted to the rank of Captain in 1945. During World War II, he worked for military intelligence in France and North Africa and, for a period of time, served as an assistant military attaché at the American Embassy in Paris.
David Rockefeller served as the chairman of the Chase Manhattan Corporation from 1969 to 1981. The fifth son and youngest child of John D. Rockefeller Jr. and Abby Aldrich, he was the oldest living member of the third generation of the prominent Rockefeller family. Beyond his business career, he was known for his many political connections, international travels, and philanthropic endeavors.
After the war, Rockefeller joined the staff of Chase National Bank, which had a longstanding association with his family; the chairman at the time was his uncle Winthrop W. Aldrich. Rockefeller started as an assistant manager in the bank's foreign department, where he financed international trade in such commodities as coffee and sugar. In 1955, Chase National merged with the Manhattan Company to become Chase Manhattan Bank and transitioned into consumer banking. Rockefeller went on to become the bank's president in 1960 and, at the end of the decade, became its chairman and CEO. Under his leadership, the bank reorganized as a bank holding company called the Chase Manhattan Corporation. Rockefeller served as chairman of the company until 1981 and as CEO until 1980.
During Rockefeller's tenure at Chase, the company expanded internationally to become a key entity in the global financial system. It also grew its influence over various non-financial companies. However, Rockefeller also oversaw the most troubled loans of any major bank, and in 1975, Chase was branded a "problem bank" by the Federal Reserve. During that time, the bank's earnings fell precipitously, but they later rebounded in a big way between 1976 and 1980, when they more than doubled. Rockefeller subsequently retired from active management of Chase in 1981 and was succeeded by his protégé Willard C. Butcher.
Government and Military Service
David Rockefeller (Photo by Shepard Sherbell/Corbis via Getty Images)
David Rockefeller was an American investment banker who had a net worth of $2.9 billion at the time of his death.
Before his death on March 20, 2017, at the age of 101,David was the oldest living member of the Rockefeller family. He was born on June 12, 1915 in New York City. His grandfather wasJohn D. Rockefeller, the founder of Standard Oil and one of the wealthiest people in human history. At the time of death in 1937, John D. Rockefeller had aninflation-adjusted net worth of $340 BILLION. David's father, John D. Rockefeller Jr., developed Rockefeller Center in Manhattan.
In summary, the total wealth of David Rockefeller reflects strategic moves.
Disclaimer: All net worth figures are estimates based on public data.