The passing of Jacob Rothschild
The Passing of Jacob Rothschild, at the age of 87
Jacob Rothschild, powerful Jewish and British philanthropist, financier and lover of art passed away today, Monday, Feb. 26, 2024. Jacob Rothschild, born April 29, 1936 in Berkshire, England was married to his wife Serena Mary Dunn for over five decades before she passed away in 2019. Jacob Rothschild leaves behind children Hannah, Beth, Emily and Nathaniel. The Rothschild family founded a bank in Frankfurt six generations before Jacob and have since become one of the world wealthiest banking families.
Jacob Rothschild created ripples in his family in the late 1970's proposing a merger with the London Bank S.G Warburg. After breaking from his family, Jacob acquired assets ranging from hotels, to oil and tobacco companies. Striking deals with other great banking institutions such as the Rockefeller Financial Services. He held the chairman seat of the United Kingdom's National Gallery from 1985-1991. As well as chairman for almost three decades of the Yad Hanadiv " a family foundation that funded the building of the Israeli parliaments and supreme court of Jerusalem" as reported by the Wall Street Journal. Other positions held by Jacob Rothschild include deputy chairman as BskyB Television, director of RHJ International and was a member of coucil for Ducky of Cornwall for the then-Prince of Wales. His love or art had him holding chair of the National Gallery from 1985-1991. Jacob Rothschild was awarded the order of merit in 2002, which recognizes outstanding service in the field of arts, literature, learning and science by Queen Elizabeth.
The Rothschild Foundation released a statement stating it is "sad to announce the death of its Chairman, Lord Rothschild ... who made a profound difference to many areas of British life. He supported many causes, some close to his home in Buckinghamshire, others as far afield as Israel, Albania, Greece and the United States. He was committed to helping communities, the environment, education and above all, the arts. Jacob Rothschild was an extraordinary person, and his loss will be felt by many. The family is committed to continuing his legacy and the foundation which he loved and endowed. His daughter Hannah assumes the role of Chair of the Rothschild Foundation."
His family also gave a statement describing Jacob 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,".
Sources:
https://www.theguardian.com/business/2024/feb/26/lord-jacob-rothschild-dies-87
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-02-26-2024/card/jacob-rothschild-british-banker-and-philanthropist-dies-at-87-PAJBKKiqMIJwpHpnZEh7
interesting read!
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