On February 26, 2024, Jacob Rothschild, the renowned financier and philanthropist from the esteemed Rothschild banking dynasty, passed away at the age of 87, as announced by his family.

His remarkable life was marked by significant achievements.

Born in Berkshire, England, in 1936, Jacob Rothschild began his professional journey at the family bank, NM Rothschild & Sons. Later, he embarked on an entrepreneurial path, founding RIT Capital Partners and co-establishing J Rothschild Assurance Group, which eventually evolved into the well-known wealth management firm, St James’s Place, in London.

Beyond his business acumen, Jacob Rothschild was celebrated for his contributions to the arts and charitable causes. He served as the chairman of the National Gallery and the National Lottery Heritage Fund, playing a pivotal role in advancing British culture and art.

In 2002, he received the prestigious Order of Merit from Queen Elizabeth II, an honor bestowed upon individuals who excel in military, science, literary, and cultural endeavors. 

Former British Culture Secretary Ed Vaizey expressed condolences, hailing Jacob Rothschild as one of Britain’s greatest cultural philanthropists. His enduring support for the arts extended to serving as a trustee of the National Gallery from 1985 to 1991.

Waddesdon Manor, a British country estate managed by the Rothschild Foundation, expressed on social media platform X their deep sadness along with the foundation over the passing of Rothschild, calling him a "businessman, entrepreneur, philanthropist and cultural leader."

The Rothschild family rose to prominence in the 18th century and was once the wealthiest family in the world with the most private property. They are also one of the most well-known Jewish financial families in modern world history, and a name that is often shrouded in mystery. The family has spread its branches and leaves, with descendants establishing their own financial businesses in many European countries. The current flagship business of the family, Rothschild & Co, is headquartered in Paris. The recently deceased Rothschild left the family to start his own business.

On November 7, 2022, Evelyn Robert Adrian de Rothschild, a descendant of an old European family, banker, and philanthropist, died at his home in London, England at the age of 91. Evelyn Rothschild once said that he never thought he would become a banker. He had always enjoyed driving, riding horses, playing polo, and traveling the world. It wasn't until his father, Anthony de Rothschild, became ill that he had to take over the bank, becoming the fifth generation head of the family banking business.