British financier Jacob Rothschild, a senior member of one of Europe’s best-known banking dynasties, has died at the age of 87, his family announced on Monday.
The family, in a statement to the UK’s Press Association news agency, called Rothschild “a towering presence in many peoples’ lives”.
He was “a superbly accomplished financier, a champion of the arts and culture, a devoted public servant, a passionate supporter of charitable causes in Israel and Jewish culture, a keen environmentalist and much-loved friend, father and grandfather,” the family said.
Rothschild, born in England in 1936, started his career at the family bank, NM Rothschild & Sons, in 1963 before going on to co-found J Rothschild Assurance Group, which became today’s London-based wealth manager St James’s Place.
He was involved in many business endeavours, including founding investment trust RIT Capital Partners, which has backed a variety of companies, from hedge funds to clean technology start-ups.
Note: As of 2024, the Rothschild Family’s Net Worth is estimated to be $1.2 Trillion (Forbes) or ($1200 Billion).
The Rothschild Family is a wealthy Ashkenazi Jewish family originally from Frankfurt. Rothschild has strong ties to other billionaires like Mark Zuckerberg, Bloomberg, and George Soros.
Despite being Jews, The Rothschild Family is also a part of the Vatican’s Close circle, under the guidance of Pope Francis
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