Rockefeller Dynasty Continues
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The Rockefeller family passed the torch in its multibillion-dollar empire to the fourth generation, naming David Rockefeller Jr. to head the family’s business and philanthropic affairs.
The announcement marked the ascent of a new generation in the family dynasty, founded by John D. Rockefeller more than a century ago with an oil fortune that now stands at an estimated $10 billion.
The shift in control comes after a vast rearrangement of the family’s affairs into Rockefeller Financial Services Inc., a global company that manages the fortune and provides advice to family members on how to give it away.
