LONDON (AP) — Financier and philanthropist Jacob Rothschild, of the renowned Rothschild banking dynasty, has died at 87, his family said Monday.
Rothschild began his career in the family bank, NM Rothschild & Sons, in 1963, before breaking away to start businesses and charitable organizations. His family paid tribute to him in a statement.
“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,” his family said.
“He will be buried in accordance with Jewish custom in a small family ceremony and there will be a memorial at a later date to celebrate his life,” they added, without providing any more details.
The Rothschild family has an estimated fortune of about 825 million pounds
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