According to his family’s Monday announcement, British financier Jacob Rothschild, a prominent member of one of the most well-known banking houses in Europe, passed away at the age of 87.
Rothschild was referred to as “a towering presence in many people’s lives” in a family statement provided to the UK’s Press Association agency.
“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,” the family described him as.
Born in 1936 in England, Rothschild began his professional career in 1963 with the family bank, NM Rothschild & Sons. He then co-founded J. Rothschild Assurance Group, which eventually evolved into the wealth management firm St. James’s Place, based in London.
Among his several commercial ventures was the creation of the investment trust RIT Capital Partners, which has supported a range of businesses, including “clean technology start-ups” and hedge funds.
In addition, Rothschild had a reputation for being a benefactor of the arts and serving as trustee of the National Gallery in Britain from 1985 to 1991.
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