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| Head of British Rothschild family dies | Head of British Rothschild family dies |
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| Lord Jacob Rothschild has passed away at the age of 87, his family announced on Monday | |
| 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. | 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. | |
| For more stories on economy & finance visit RT’s business section |