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Head of British Rothschild family dies

Lord Jacob Rothschild, a financier and member of the Rothschild banking dynasty, has died at the age of 87, his family announced on Monday, according to media reports.

  • The British peer, who was also well-known in the arts and chaired the National Heritage Memorial Fund, started his career in the family bank, NM Rothschild & Sons, in 1963.
  • He later went on to co-found J Rothschild Assurance Group, now called St James’s Place, with Sir Mark Weinberg in 1980.
  • Lord Rothschild also founded Windmill Hill Asset Management to manage the family’s philanthropic portfolio.

In a statement to the news agency PA, the Rothschild family said: “Our father Jacob was a towering presence in many people’s lives, 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.

“He will be buried in accordance with Jewish custom in a small family ceremony and there will be a memorial at a later date to celebrate his life.”

  • Lord Rothschild was awarded the Order of Merit by Queen Elizabeth II in 2002, and received the Prince of Wales Medal for Arts Philanthropy in 2013.
  • He was married for more than 50 years to the granddaughter of a Canadian financier, Serena Mary Dunn, who died in 2019 and with whom he had four children.

Lord Rothschild’s family has an estimated fortune of around £825 million (over $1 billion), according to last year’s Sunday Times Rich List.

Source: RT