Honorary Oscar winner Eli Wallach dies at age 98

Eli Wallach, whose decades-long career included roles "The Good, the Bad and the Ugly," "The Magnificent Seven," and other notable films, has died, ABC News has confirmed with a spokesperson for his family. He was 98.

Wallach began his acting career as a student at the University of Texas before working at the Neighborhood Playhouse School of Theatre in his native New York City. During his time in the United States Army, Wallach, who served in France during World War II, performed in plays with his fellow soldiers.

Despite dozens of film roles over a 60-year-career, Wallach never received an Academy Award nomination. In November 2010, the Academy of Motion Picture Arts and Sciences presented him with an honorary Oscar.

In presenting the honor, the Academy described Wallach as "the quintessential chameleon, effortlessly inhabiting a wide range of characters, while putting his inimitable stamp on every role."

One of Wallach's last film roles was that of an elderly banker opposite Michael Douglas in Oliver Stone's 2010 sequel "Wall Street: Money Never Sleeps."

Wallach is survived by Jackson and their three children.