Pompano Beach, Florida (PRWEB)
June 23, 2017
“Live Like a Rockefeller for $32.5 Million”
The Rockefeller dynasty has been one of America’s wealthiest and most powerful families for over 140 years. Similar to the Kennedys, Vanderbilts and Du Ponts, the Rockefellers are old money, influential in the country’s politics and business and deep pockets for charity.
The Rockefeller legacy began with brothers John D. and William, who were co-founders of Standard Oil. David Rockefeller was the youngest and last of the six children of John D. Rockefeller, Jr. and grandson of the oil magnate John D. Rockefeller when he died in March at age 101 – worth over $3 billion at the time of his death. David was chairman and CEO of Chase Manhattan, owned large real estate holdings and an important art collection that will be auctioned next spring. His wife of 55 years, Peggy, died in 1996. Over their lifetime, David and Peggy gave an estimated $900 million to charity.
In his will, the bulk of David’s estate went to charity after the family trusts were divided between his five surviving children. Though most properties were donated to historic land preservation trusts or land conservation, several properties were offered first to his children who were welcome to buy them at fair market price. The proceeds would then be added to his charity funds. These properties were the East 65th Street Manhattan townhouse where the couple raised their children along with two properties in Maine and one in Columbia County New York. If the children passed on the properties they would be placed on the open market. Such is the case with the Manhattan townhouse that David owned for almost 70 years.
Constructed in 1924 for…