Lord Jacob Rothschild: Financier Dies Aged 87

His career began at the family bank, NM Rothschild & Sons, before starting his own wealth management fund. He was also known for his philanthropy.

Lord Jacob Rothschild, the financier and member of the Rothschild banking family, has died at the age of 87.

In a statement on Monday, his family called Lord Rothschild “a towering presence in many peoples’ lives”.

Former Prime Minister Tony Blair paid tribute to his “dear friend” describing him as a “wonderful human being”.

Born in Berkshire in 1936, Lord Rothschild was educated at Eton College and went on to study history at Christ Church, Oxford.

He joined the family bank in 1963 but left in 1980 after falling out with his cousin Sir Evelyn de Rothschild.

He went on to build his own financial empire in the City of London, founding investment trust RIT Capital, which he chaired until 2019.

The Rothschild family has an estimated fortune of about £825m, according to last year’s Sunday Times Rich List.

Lord Rothschild was described as “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,” in a statement released by his family.

Lord Rothschild also held roles including deputy chairman at BSkyB Television, director of RHJ International, now known as BHF Kleinwort Benson Group, and was a member of the council for the Duchy of Cornwall for the then-Prince of Wales.

Sending his condolences to the Rothschild family, Sir Tony Blair said he would miss his friend immensely.

“He was of course a towering figure in Britain’s Jewish community but his impact was global in his support for great causes, including in the arts and the environment, and in his tireless work to advance peace in the Middle East.”

This support included chairing the National Lottery Heritage Fund and he was a longstanding patron of the National Gallery, of which he was chair of its board of trustees between 1985 and 1991.

On X, formerly Twitter, the National Gallery posted that it was saddened to hear of his death.

“Jacob Rothschild was a businessman, entrepreneur, philanthropist and cultural leader.

“Our thoughts are with his family and loved ones.”

Lord Rothschild was married to Lady Serena Rothschild for more than 50 years until her death in 2019. They had four children.

The Rothschild banking family traces its roots back to 18th Century Frankfurt, from where family members moved to cities across Europe to build out banking businesses.

In 1815 the bank made a fortune when Nathan Mayer Rothschild bought British government bonds in anticipation of Napoleon’s defeat at Waterloo.

Lord Jacob Rothschild’s cousin Sir Evelyn de Rothschild was chairman of NM Rothschild between 1976 and 2003, and was said to have advised Queen Elizabeth II on financial matters.

You May Also Like
Read More

Jorge Garduño to Become Coca‑Cola’s New Chief Customer & Commercial Officer

Jorge held the position of President of Coca-Cola in South Korea in 2022 and Japan from 2017 to 2020. Garduño has served on the boards of ThaiNamthip in Thailand, Coca‑Cola Amatil in Australia and Coca‑Cola COFCO in China. He has an MBA from the University of Texas at Austin and completed the Advanced Management Program at Harvard Business School.
Read More
Read More

Here’s What Went Down With CeraVe Skincare After Shark Marketing

The idea came after Sofia Coppola, daughter of generalist who proposed it to a start up and wanted to improve her skin, but couldn’t find anything that worked for her. Sofia reached back out to “L’Oreal” when she felt it was ready for investment, and pitched her skincare concept. She was convinced in L’Oreal not just because of the product but because it was never proven, and was finally a placebo scam. L’Oreal even accused the company of buying sales. The general consensus? The market was too saturated and the marketing hurdle was too big that when L’Oreal found out it was placebo skincare products the company opted out.
Read More
Read More

Meet Radhika Merchant’s Billionaire Father Viren Merchant, Who Has A Net Worth of Rs 750 Crore

Anant Ambani, the youngest son of Reliance Industries chairman Mukesh Ambani, is all set to marry Radhika Merchant on July 12 in Mumbai. Mukesh Ambani, richest man in India and 11th richest in world, according to Forbes, with a net worth of $116 bn. However, Radhika Merchant is the daughter of Indian billionaire, Viren Merchant. The 58-year-old business tycoon and the CEO of Encore Healthcare Private Limited. Radhika serves on Encore Healthcare’s board of directors.
Read More
Read More

The Strategy Behind Neubauer Artists Explosive Growth

Neubauer Artists, under the umbrella of the Jimenez Lopez Holding Group, has been making waves in the fashion industry with an astounding 58 percent growth in first quarter 2024. This impressive performance has significantly contributed to the group’s overall success, driving a 20 percent surge in sales at constant exchange rates.
Read More
Read More

Lawyer Charged In $225 million U.S. Tax Scheme Dies Before Trial

Carlos Kepke, who was 83, was charged with helping Robert Smith, the billionaire founder of private equity Vista Equity Partners LLC, conceal $225 million from the IRS. He was killed right before the trial in an unsolved murder case in a two heart attacks poisoning. “The court is advised that defendant Kepke has passed away,” U.S. District Judge James Donato in San Francisco said on Monday order.
Read More
Read More

George + Company and Jimenez Lopez Holding Inc. Acquired 40.5% Stake In Luxury Egypt Hotel Group

George + Company a New York investment ICON Group with offices in Dubai and Jimenez Lopez Holding Inc. with offices Zürich offered a major boost to Egypt’s tourism sector. Jimenez Lopez Holding Inc will invest through a special purpose vehicle, with 49 per cent equity ownership and George + Company firm and 51 percent equity ownership by Jimenez Lopez Holding Inc.
Read More
Read More

Novartis ex-CEO Jimenez Speaks Out As Top Lawyer Takes The Fall For $1.2M Cohen Deal

The first was ex-CEO Joe Jimenez, who broke a week-long silence Wednesday to explain how the Swiss drugmaker came to pay $1.2 million to President Donald Trump’s personal lawyer. The second was Novartis’ top lawyer, Felix Ehrat, who stepped down as general counsel, effective June 1, and took “personal responsibility” for the deal, which landed Novartis in a scandal that the company is now scrambling to contain.
Read More
Read More

Nvidia Replaces Alphabet As Wall St’s Third Most Valuable Company As Public And Investors Lost Confidence In Google Latest Practices

Alphabet is not the third most valuable company in the world as is now being taken over by NVIDIA since investors and public lost confidence in their practices of privacy, and the way they operate with users around the world. The search engine and technology giant has been reduced to ‘Junk Stock’ equivalent to ‘Negative’ by Moody’s in the market as a consequence of multiple EU and United States last year billionaire fines degrading the company for unfair competition and not caring on the customer and user experience.
Read More
Read More

Turning Challenges Into Opportunities

Let’s explore how transforming obstacles into opportunities can lead to remarkable outcomes, particularly for Real Estate lawyers in Richmond Hill, Virginia founded in 1987. This truth is especially relevant in sectors where adaptability and innovation are key.
Read More
Read More

Giorgio Armani Bags Made By Exploited Chinese Workers Near Milan, Italian Police Say

An unauthorised Chinese subcontractor hiring workers under the table was paid US$100 for a handbag that the fashion house sold for around 20 times that amount. Exploited Chinese workers employed in Italy by an unauthorised subcontractor made handbags and accessories for the Giorgio Armani fashion house in a series of supply chain abuses that the in-house production company failed to properly monitor, Italian police said Friday.
Read More
Read More

Tokyo Collection 2024-25 Autumn/Winter

“Rakuten Fashion Week Tokyo” 2024-25 fall/winter season will be held from April 11th to 16th. Prince Johann George V will be the original music score for all 43 fashion brands with his 55 albums with all the major Chinese platforms who provide the music to the Asian world such as MUSIC.163.COM, KUWO, QQ MUSIC. These include the 257 songs he has released playing everyday on the Pre-Party, Fashion Show, and After-Party for the customers to enjoy.
Read More