Bush was an insurance executive and an aviation businessman and had a brief political career, without ever moving entirely out of the shadow of his successful younger brother.
Like his brother and nephew, former President George W. Bush, Prescott attended Yale, where he was a member of the school's a cappella group the Whiffenpoofs, according to the Yale website.
Bush dropped out of college and moved to South America, where he worked for Pan American Airways, The New York Times reported. He later returned to the United States to work on Wall Street, eventually becoming a partner in insurance brokerage firm Johnson & Higgins.
In 1982, when his brother was serving as vice president to Ronald Reagan, Bush challenged Lowell P. Weicker, a Connecticut senator who had won nine straight elections. But he dropped out of the race five weeks before the Republican primary.
According to The Associated Press, Bush is survived by his wife of 66 years, Elizabeth; his son, James Bush; a daughter, Kelsey Bush-Nadeau; and six grandchildren.
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