Remembering Jacob Rothschild

Financier and philanthropist Jacob Rothschild, a member of the renowned Rothschild banking dynasty, passed away at the age of 87.

In the year 1963, Jacob Rothschild embarked on his career at the family bank, NM Rothschild & Sons. Over time, he ventured into creating businesses and establishing charitable organizations, becoming a notable figure in various spheres.

A Legacy Worth Remembering

Rothschild’s family fondly remembers him as a towering presence in many individuals’ lives. He was not only an accomplished financier but also a patron of the arts and culture. His dedication to public service, support for charitable causes in Israel and Jewish culture, and his passion for environmentalism left a lasting impact on all who knew him.

Honoring His Memory

In accordance with Jewish customs, Jacob Rothschild will be laid to rest in a small family ceremony. A memorial to celebrate his remarkable life will be held at a later date, offering an opportunity for friends, family, and admirers to pay their respects.

Continuing the Legacy

The Rothschild family, renowned for its wealth estimated at about 825 million pounds ($1 billion), is committed to philanthropic endeavors. With a focus on Jewish causes, education, and the arts, they continue to make significant contributions to society in honor of their late patriarch.

Remembering Jacob Rothschild

As a prominent figure in both the political and cultural realms, Jacob Rothschild was revered by many, including former British Prime Minister Tony Blair. Described as a “towering figure in Britain’s Jewish community,” Rothschild was known for his efforts in advancing peace in the Middle East.

Early Life and Career

Born in Berkshire, just west of London, Rothschild received his education at Eton College before going on to study history at Christ Church College, Oxford University. Following his time at the Rothschild Bank, he assumed control of Rothschild Investment Trust, now known as RIT Capital Partners – one of the largest investment trusts on the London Stock Exchange – until 2019.

Contributions to Business and Culture

In 1980, Rothschild co-founded what was then J Rothschild Assurance Group, now recognized as St James’s Place, alongside Mark Weinberg. Additionally, he held the position of deputy chairman at the former BSkyB Television. Beyond business, Rothschild made significant contributions 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.

Legacy and Succession

The Rothschild Foundation, responsible for managing the family’s historical country estate Waddesdon Manor, announced that Jacob Rothschild’s daughter Hannah will be taking over as chair. Jacob was married to Serena for over 50 years until her passing in 2019. Together, they raised four children – Hannah, Beth, Emily, and Nat – as well as numerous grandchildren.