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Jacob Rothschild, a prominent banker and financier from the renowned Rothschild banking family, has died at the age of 87, his family confirmed today.
Rothschild began his career in the family bank, NM Rothschild and Sons, in 1963. He later ventured out to establish his own businesses and charitable organizations. His family paid tribute to him in a heartfelt statement.
“Our father Jacob was a towering figure in many people’s lives, a highly accomplished financier, a champion of arts and culture, a dedicated public servant, a passionate supporter of charitable causes in Israel and Jewish culture, a keen environmentalist and a much-loved friend, father and grandfather,” his family expressed.
“He will be laid to rest following Jewish customs in a small family ceremony and there will be a memorial at a later date to celebrate his life,” they added, without giving any further details.
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The Rothschild family is believed to have a fortune of about $1 billion, as per last year’s Sunday Times Rich List. They are known to donate millions of pounds to Jewish causes, education, and art, which often attracts antisemitic tropes from both right and left wings.
Jacob Rothschild’s personal net worth is not public record.
Former Prime Minister Tony Blair has honored Jacob Rothschild. He called him a “towering figure in Britain’s Jewish community” and said he did a lot for peace in the Middle East.
Jacob Rothschild was born near London and went to Eton College. He also studied history at Oxford University.
He worked at the Rothschild bank and then led RIT Capital Partners. It’s a big company on the London Stock Exchange, and he was in charge until 2019.
Rothschild started an insurance group with Mark Weinberg in 1980, which is now known as St James’s Place. He had other important jobs too, like being second-in-command at BSkyB Television once.
In arts and culture, he was the boss of the National Gallery in London and the National Lottery Heritage Fund.
The Rothschild Foundation, which takes care of the family’s old house, Waddesdon Manor, said that Rothschild’s daughter Hannah will be the new chair.
Jacob Rothschild, who was married to Serena for over 50 years before her passing in 2019, is a father to four children – Hannah, Beth, Emily, and Nat – and a grandfather to many.