Lord Jacob Rothschild, Financier and Philanthropist Dies at 87

Lord Jacob Rothschild, Financier and Philanthropist Dies at 87

  • Lord Jacob Rothschild, a prominent member of the Rothschild banking family, has passed away at 87
  • Rothschid’s family described him as a “towering presence”, and he was known for his contributions to banking, finance, and philanthropy
  • Jacob Rothschild began his banking career in 1963 with NM Rothschild & Sons and co-founded the J Rothschild Assurance Group in 1980

Elijah Ntongai, a journalist at TUKO.co.ke, has more than three years of financial, business, and technology research expertise, providing insights into Kenyan and global trends.

Lord Jacob Rothschild, a prominent figure in the world of banking and finance and a member of the renowned Rothschild banking family, has passed away at 87, as announced by his family.

Jacob Rothschild dies at 87 years old.
Actress Joanna Lumley (who acted as host) poses with Lord Jacob Rothschild, one of the 2013 recipients of The Prince of Wales Medal for Philanthropy 2013. Photo: Getty Images.
Source: UGC

The cause of his death has not been disclosed.

Described by his family as a “towering presence,” Lord Rothschild was celebrated for his contributions to banking and finance, as well as his dedication to philanthropy, environmental causes, and support for Jewish charities.

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Lord Rothschild commenced his illustrious banking career with NM Rothschild & Sons in 1963. Later, in 1980, he co-founded J Rothschild Assurance Group, now known as St James’s Place, further solidifying his legacy in the financial sector.

"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 in a statement to the PA Media news agency.

Celebrating Jacob Rothschild’s legacy

The family revealed plans for a small family ceremony per Jewish customs for Lord Rothschild’s burial, with a memorial service to follow later to honour his life and achievements.

Lord Rothschild, who married Serena Mary Dunn in 1961, was also recognized for his contributions beyond the realm of finance.

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In 2002, he was honoured with the title of Member of the Order of Merit by the late Queen, acknowledging his significant contributions and service.

Access Bank CEO, child and wife die in plane crash

In other related news, six individuals, including prominent Nigerian banking executive Herbert Wigwe, perished in a tragic helicopter crash in Southern California

The helicopter, carrying six passengers, crashed near Nipton, California, on its way to Las Vegas, according to reports

Access Bank Group released a notice expressing collaboration with U.S. authorities for updates on the devastating helicopter crash

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Source: TUKO.co.ke

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Delali Adogla-Bessa (Current Affairs Editor) Delali Adogla-Bessa is a Current Affairs Editor with YEN.com.gh. Delali previously worked as a freelance journalist in Ghana and has over seven years of experience in media, primarily with Citi FM, Equal Times, Ubuntu Times. Delali also volunteers with the Ghana Institute of Language Literacy and Bible Translation, where he documents efforts to preserve local languages. He graduated from the University of Ghana in 2014 with a BA in Information Studies. Email: delali.adogla-bessa@yen.com.gh.

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