Renowned banker and financier Jacob Rothschild, a prominent figure from the esteemed Rothschild banking family, has passed away at the age of 87, as confirmed by his family today.
Rothschild embarked on his professional journey with the family bank, NM Rothschild and Sons, in 1963. Over the years, he diversified his ventures, establishing personal businesses and contributing to various charitable organizations. In a poignant statement, his family paid tribute to his multifaceted legacy.
Jacob was a prominent figure in many people’s lives. He was a highly skilled financier, an advocate for the arts and culture, a committed public servant, an ardent supporter of Jewish and Israeli charitable causes, an enthusiastic environmentalist, and a cherished friend, father, and grandfather, according to his family.
Following Jewish customs, Jacob Rothschild will be laid to rest in a small family ceremony, with plans for a memorial at a later date to celebrate his impactful life.
The Rothschild family, known for its fortune estimated at around $1 billion, frequently donates substantial amounts to Jewish causes, education, and the arts. Despite this philanthropy, they often face unfounded antisemitic tropes from various political spectrums.
While Jacob Rothschild’s personal net worth remains undisclosed, the family’s financial influence has been significant, reflected in their contributions to societal causes. Former Prime Minister Tony Blair acknowledged Rothschild’s contributions, hailing him as a “towering figure in Britain’s Jewish community” and commending his efforts for peace in the Middle East.
Born near London and an alumnus of Eton College, Jacob Rothschild pursued history at Oxford University. He played pivotal roles at the Rothschild bank and later led RIT Capital Partners until 2019. Additionally, he co-founded an insurance group in 1980, now recognized as St James’s Place, and held significant positions, such as second-in-command at BSkyB Television.
In the realm of arts and culture, Rothschild served as the head of the National Gallery in London and the National Lottery Heritage Fund. The Rothschild Foundation, responsible for preserving the family’s estate, Waddesdon Manor, announced that Rothschild’s daughter, Hannah, would assume the role of the new chair.
Jacob Rothschild, who shared over 50 years of marriage with Serena until her passing in 2019, leaves behind four children – Hannah, Beth, Emily, and Nat – and numerous grandchildren.
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