Head of Rothschild empire financier Jacob Rothschild dies aged 87

Head of Rothschild empire financier Jacob Rothschild dies aged 87


Former British Prime Minister, Tony Blair, expressed his grief over the loss of his friend

Lord Jacob Rothschild at the National Library of Israel in Jerusalem November 7, 2017. — Reuters

The world has lost a major figure in the business world today as Lord Jacob Rothschild passed away at the age of 87, according to People.

His family released a statement on Monday, announcing his passing and paying tribute to the patriarch, who served in a variety of prominent financial roles, calling him a “towering presence.”

Former British Prime Minister, Tony Blair, expressed his grief over the loss of his friend and described him as a “wonderful human being”.

According to the Sunday Times Rich List of last year, the Rothschilds have an estimated fortune of around £825 million.

Lord Jacob began his career in 1963 with the family bank, NM Rothschild & Sons, and went on to co-found J Rothschild Assurance Group in 1991, which is now the well-known St James’s Place.

Rothschild’s wife of 50 years, Serena, died in 2019. He is survived by four children — Hannah, Beth, Emily, and Nat — as well as several grandchildren.

The Rothschild Foundation confirmed that Lord Rothschild’s daughter Hannah would succeed him as chair of the charity.

In a statement announcing his death, his 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 a much-loved friend, father, and grandfather.”

“He will be buried per Jewish custom in a small family ceremony, and there will be a memorial at a later date to celebrate his life.”



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