Jacob Rothschild, the fourth Baron Rothschild, passed away on February 26, local time, at the age of 87. According to the New York Post on February 27, local time, with his death, a "power struggle" has officially begun, and his heirs will compete for control of his huge real estate and investments. .
Jacob originally worked in the family bank, but resigned due to family disputes. Not only did he lose control of the majority of voting shares, he also lost his position as chairman of the bank. The third generation of Baron Rothschild would rather take this The position was given to a distant nephew, but he was unwilling to give it to his son. However, Jacob founded rit capital management company headquartered in London in 1961, and did so well that he can be called the head of the British branch of the legendary financial family.
It is reported that Jacob’s wealth is estimated to be more than 1 billion US dollars, so who will take over after his death?
Jacob and his wife, who died in 2019, had only one son, Nathaniel "Nat" Rothschild, 52, now. As the male heir, he naturally inherited his father's title and is now the fifth Baron Rothschild.
But the problem is that Nat was disgusted by his father because of his playboy lifestyle and rebellious character. He also did not have enough respect for his father. When he married model Loretta Basey for the second time in 2016, he refused to invite his father to his wedding.
In fact, when he first eloped to Las Vegas to get married with socialite Annabelle Neilson, he already angered his father, and that unblessed marriage only lasted three years. Year.
Nat is also working in the high-end financial field. He has served as an executive in three companies and is now the executive chairman of Volex, the Tesla manufacturer.
However, it is worth noting that Nat does not directly hold shares in rit capital management company founded by his father. He only holds shares indirectly through the family's private equity company Five Arrows.
Although the Rothschild family, who are of Jewish descent, has the creed that "male offspring are the core of the family," Jacob favored his eldest daughter, Hannah Marie Rothschild Brookfield.
Unlike her younger brother, Hannah, 61, owns 10% of rit Capital Management and serves as a non-executive director on the board of directors and has been for ten years.
It is generally believed that Hannah is very likely to become the receiver of a billion-dollar fortune, although she herself does not work in finance. Hannah is a writer and has published three novels. In addition, like her father, she is enthusiastic about charity work.
In fact, Hannah also has two biological sisters, Beth, 60, and Emily, 56, but the two sisters have always stayed away from the public eye and avoided holding important positions in Rothschild institutions.
