Daniel Thompson
Feb 28, 2024 - 01:10

Jacob Rothschild, finance, family banking dynasty, dies, 87

Jacob Rothschild, a prominent financier and philanthropist, has died at 86. He was known for his charitable work and financial success.

Jacob Rothschild was a remarkable individual who touched the lives of many with his financial acumen, support for the arts, dedication to public service, commitment to charitable causes, and love for Israel and Jewish culture. His family described him as a towering presence and a beloved friend, father, and grandfather.

The family announced that Jacob will be laid to rest in a small family ceremony in accordance with Jewish customs. They also mentioned that a memorial will be held at a later date to honor his life, although no specific details were provided.

The Rothschild family is estimated to have a fortune of around 825 million pounds, and they are known for their philanthropy, contributing millions of pounds to Jewish causes, education, and art. Former British Prime Minister Tony Blair, along with other political and cultural leaders, paid tribute to Mr. Rothschild, acknowledging his significant contributions to Britain's Jewish community and his efforts in promoting peace in the Middle East.

Jacob Rothschild, who was born in Berkshire and educated at Eton College and Oxford University, had an impressive career in finance. He took control of Rothschild Investment Trust, now RIT Capital Partners, and served as chairman until 2019. He also co-founded the J Rothschild Assurance Group, now St James's Place, and held various leadership roles, including deputy chairman at what was then BSkyB Television.

In addition to his accomplishments in finance, Jacob Rothschild was deeply involved in the cultural sector, serving as chairman of the board of trustees at London's National Gallery and chair of the National Lottery Heritage Fund. His philanthropic work extended to the Rothschild Foundation, which manages the family's former home, Waddesdon Manor. The foundation announced that Jacob's daughter Hannah would succeed him as its chair.

Jacob Rothschild's legacy as a visionary financier, patron of the arts, and advocate for charitable causes will continue to inspire and impact the lives of many. His contributions to the Jewish community, his dedication to peace, and his commitment to preserving cultural heritage will be remembered and celebrated for years to come.