No cause of death was initially reported. He was 87.
Rothschild was a “senior member of one of Europe’s best-known banking dynasties,” CNBC noted in its coverage of his passing.
In its statement, his family described Rothschild as “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,” according to the BBC.
A number of the recipients of Rothschild’s charitable endeavors posted about his death on social media, including a country estate managed by the Rothschild Foundation.
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The Rothschilds began building their banking empire in the 18th century, when various family members left their home in Frankfurt, Germany, to expand their business, according to the BBC.
Jacob Rothschild was born in 1936 and educated at Eton College and Christ Church College, Oxford, before working in the family bank.
He left that company to found his own, RIT Capital, an investment trust that he led until 2019.
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“Lord Rothschild also held roles including deputy chairman at BSkyB Television, director of RHJ International, now known as BHF Kleinwort Benson Group, and was a member of the council for the Duchy of Cornwall for the then-Prince of Wales,” the BBC reported.
The outlet also noted his “longstanding” patronage of the arts, including serving as chair of the National Lottery Heritage Fund, which aims to conserve the U.K.’s history, as well as serving as a trustee of London’s National Gallery for six years.
Rothschild was thought to have a net worth of approximately $5 billion.
Prominent Investor Cancels New York Plans 40 Years in the Making After Trump Ruling
The Rothschilds began building their banking empire in the 18th century, when various family members left their home in Frankfurt, Germany, to expand their business, according to the BBC.
Jacob Rothschild was born in 1936 and educated at Eton College and Christ Church College, Oxford, before working in the family bank.
He left that company to found his own, RIT Capital, an investment trust that he led until 2019.
Related:
US Airman Sets Himself on Fire in Protest of Israel-Palestinian Conflict
“Lord Rothschild also held roles including deputy chairman at BSkyB Television, director of RHJ International, now known as BHF Kleinwort Benson Group, and was a member of the council for the Duchy of Cornwall for the then-Prince of Wales,” the BBC reported.
The outlet also noted his “longstanding” patronage of the arts, including serving as chair of the National Lottery Heritage Fund, which aims to conserve the U.K.’s history, as well as serving as a trustee of London’s National Gallery for six years.
Rothschild was thought to have a net worth of approximately $5 billion.
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