Jacob Rothschild, Financier and Philanthropist, Passes Away at 87

Jacob Rothschild, a renowned financier and member of the illustrious Rothschild family, has died at the age of 87. His passing was confirmed by his family in a statement, where they remembered him as a towering figure in various spheres of life.

“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 much-loved friend, father, and grandfather,” the family statement expressed.

Rothschild, part of a family with a reported net worth of £825 million according to the Sunday Times Rich List, was known not only for his financial acumen but also for his philanthropic endeavors. The family reportedly donates approximately £66 million to Jewish charities and causes, particularly in education and the arts.

His journey in finance began in 1963 at NM Rothschild & Sons, the family bank, before moving on to helm the Rothschild Investment Trust and co-found the J Rothschild Assurance Group. Educated at Eton College and Christ Church, Oxford, Rothschild’s career spanned decades, leaving an indelible mark on the financial landscape.

The Rothschild Foundation, under Lord Rothschild’s chairmanship, announced that his daughter Hannah would succeed him. Reflecting on his legacy, the foundation expressed, “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.”