Jacob Rothschild, the renowned banker and philanthropist who departed from the family bank to establish his own financial legacy in the heart of London’s financial district, has passed away at the age of 87.
The family expressed in the statement, “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.”
Tributes poured in on Monday from the world of business and politics. St James’s Place expressed deep sorrow, stating, “As a hugely accomplished financier and a co-founder of St James’s Place, Lord Rothschild leaves an extraordinary legacy in helping to shape the financial advice profession in the UK.”
With the recent passing of the banker who broke away from his family’s dynasty, there’s been a surge of curiosity about his life, prompting a deeper exploration into both his professional achievements and personal affairs. In this article, we’ll delve into the various facets of his life, shedding light on his remarkable journey including his net worth, and providing insight into his personal experiences.
What Is Jacob Rothschild’s Net Worth?
Jacob Rothschild, a distinguished banker and philanthropist, died at 87 on February 26, 2024. Throughout his career, he garnered acclaim for his contributions to numerous banks and remained dedicated to philanthropic endeavors. At the time of his passing, his estimated net worth was approximately $5 billion, according to Celebrity Net Worth.
As per the Sunday Times Rich List from last year, the Rothschild family possesses an estimated fortune of around £825 million.
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Look Into Jacob Rothschild’s Career
Jacob Rothschild began his career at N M Rothschild & Sons in London in 1963 but resigned in 1980 due to a family dispute. He sold his stake in the bank and took control of Rothschild Investment Trust, now known as RIT Capital Partners plc.
In 1991, he co-founded J. Rothschild Assurance Group, later renamed St. James’s Place plc. Rothschild also engaged in various ventures, including an unsuccessful bid for British American Tobacco with Sir James Goldsmith and Kerry Packer in 1989. He held leadership positions in RIT Capital Partners plc and J Rothschild Capital Management, alongside serving on the boards of BSkyB Television, RHJ International, and others.
Rothschild was honored with the Commander of the Royal Victorian Order in 2020 for his services to the Duchy of Cornwall. Additionally, he had interests in the oil industry, including acquiring shares in Genie Energy in 2010, which later obtained exclusive oil and gas exploration rights in the Israeli-occupied Golan Heights in 2013.
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About Jacob Rothschild’s Wife & Children
In 1961, Jacob Rothschild married Serena Mary Dunn, who was the granddaughter of Canadian financier Sir James Dunn. Together, they had four children: three daughters and one son. Sadly, Lady Rothschild passed away in 2019. Their children include Hannah Mary Rothschild Brookfield, Beth Matilda Rothschild Tomassini, Emily Magda Rothschild Freeman-Attwood, and Nathaniel Philip Victor James Rothschild, who is now the 5th Baron Rothschild.
Hannah Mary Rothschild Brookfield, born on May 22, 1962, married William Brookfield in 1994, and they have three daughters. Beth Matilda Rothschild Tomassini, born on February 27, 1964, married Antonio Tomassini in 1991, and they also have three children. Emily Magda Rothschild Freeman-Attwood, born on December 19, 1967, married Julian Freeman-Attwood in 1998, and they have two daughters.
Nathaniel Philip Victor James Rothschild, born on July 12, 1971, married Annabelle Neilson in 1995, but they divorced in 1997. He later married Loretta Basey in 2016.