February 26th 2024.
Throughout his long and prosperous life, Lord Jacob Rothschild was known for his generosity and philanthropy. As one of the wealthiest men in the banking industry, he made a significant impact on various charitable causes. Sadly, his family announced that he passed away at the age of 87.
Born into the prestigious Rothschild family, Lord Rothschild began his career at NM Rothschild & Sons in 1963. Over the years, he accumulated a fortune of approximately £825 million. However, he was not one to hoard his wealth. He and his family were known for their charitable contributions, including £66 million towards Jewish causes, education, and art.
In a statement, his family described him as a remarkable figure in the lives of many. He was not only a highly accomplished financier, but also a strong advocate for the arts, a dedicated public servant, and a passionate supporter of charitable causes in Israel and Jewish culture. He was also deeply committed to environmental conservation. Above all, he was a beloved friend, father, and grandfather.
Lord Rothschild will be laid to rest in a traditional Jewish ceremony with his close family. A memorial to celebrate his life will be held at a later date. He was born in Berkshire and attended Eton College before studying history at Oxford University's Christ Church college.
Despite his passing, Lord Rothschild's legacy of philanthropy will continue through his family. His wife Serena, with whom he was married for over 50 years, passed away in 2019. He was also involved in various roles, such as chairman of RIT Capital Partners and deputy chairman of BSkyB Television. In the cultural sector, he was chairman of trustees at The National Gallery and The National Lottery Heritage Fund.
Lord Rothschild was a renowned patron of the arts and was captured in several portraits by artists such as Lucian Freud and David Hockney. He also founded Windmill Hill Asset Management to oversee his family's philanthropic efforts and served as chairman of The Rothschild Foundation charity.
One of his most significant philanthropic endeavors was taking over the management of Waddesdon Manor and estate in Buckinghamshire from his cousin in 1988. The Rothschild Foundation and Waddesdon Manor expressed their deep sadness at his passing and confirmed that his daughter Hannah will succeed him as the chair of the charity. They also stated that his loss will be deeply felt by many, but his legacy will live on through their commitment to continuing his philanthropic work.
Lord Rothschild's passing is a great loss not only to his family but also to the community and causes he supported. His impact and contributions will be remembered and cherished by many for years to come.
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