Jacob Rothschild has passed away...
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Lord Jacob Rothschild, a renowned financier and member of the illustrious Rothschild banking family, has sadly passed away at the age of 87. His legacy spans across finance, philanthropy, and the arts.
Born in 1936 in Berkshire, he attended Eton College and later studied history at Christ Church, Oxford. His career began at the family bank, NM Rothschild & Sons, in 1963. However, he eventually parted ways with the bank in 1980 after a dispute with his cousin, Evelyn Rothschild. Jacob then went on to build his own financial empire in London’s City.
Notable achievements include:
- Founding RIT Capital, one of the largest investment funds on the London Stock Exchange, where he served as its head from 1988 to 2019.
- Co-founding several other firms, including J Rothschild Assurance Group (now St James’s Place).
- Active political engagement, serving in the British House of Lords for over 8 years until 1999.
- A patron of the arts, he chaired the National Gallery board from 1985 to 1991 and led the Heritage Lottery Fund from 1994 to 1998.
- In Israel, he held a prominent role as chairman of the Yad Hanadiv family foundation from 1989 to 2018.
The funeral will be held privately in accordance with Jewish tradition, and a memorial commemorating his life will be established at a later date 1. Lord Jacob Rothschild leaves behind three daughters, a son, and several grandchildren 1