Jacob Rothschild, 4th Baron Rothschild

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The Right Honourable
The Lord Rothschild
OM GBE FBA
BornNathaniel Charles Jacob Rothschild
(1936-04-29) April 29, 1936 (age 77)
NationalityBritish
CitizenshipUnited Kingdom
EducationFirst in history
Alma materEton College,
Christ Church, Oxford
OccupationBanker
Known forRothschild banking family of England
Title4th Baron Rothschild
Spouse(s)Serena Mary Dunn (m. 1961)
ChildrenHannah Mary (b. 1962)
Beth Matilda (b. 1964)
Emily "Emmy" Magda (b. 1967)
Nathaniel Philip Victor James (b. 1971)
ParentsVictor Rothschild, 3rd Baron Rothschild, Barbara Judith Rothschild née Hutchinson
RelativesRothschild family
AwardsSee List
 
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The Right Honourable
The Lord Rothschild
OM GBE FBA
BornNathaniel Charles Jacob Rothschild
(1936-04-29) April 29, 1936 (age 77)
NationalityBritish
CitizenshipUnited Kingdom
EducationFirst in history
Alma materEton College,
Christ Church, Oxford
OccupationBanker
Known forRothschild banking family of England
Title4th Baron Rothschild
Spouse(s)Serena Mary Dunn (m. 1961)
ChildrenHannah Mary (b. 1962)
Beth Matilda (b. 1964)
Emily "Emmy" Magda (b. 1967)
Nathaniel Philip Victor James (b. 1971)
ParentsVictor Rothschild, 3rd Baron Rothschild, Barbara Judith Rothschild née Hutchinson
RelativesRothschild family
AwardsSee List

Nathaniel Charles Jacob Rothschild, 4th Baron Rothschild, OM GBE FBA (born 29 April 1936) is a British investment banker and a member of the prominent Rothschild banking family. He is also Honorary President of the Institute for Jewish Policy Research.[1]

Early life[edit]

Born in 1936, he is the eldest son of Victor Rothschild, 3rd Baron Rothschild by his first wife Barbara Judith Rothschild (née Hutchinson). His father was born into a Jewish family, while his mother converted to Judaism (in the Orthodox denomination) when they married.[2] Rothschild was educated at Eton College and then at Christ Church, Oxford, where he gained a First in history, tutored by Hugh Trevor-Roper.[3]

Business career[edit]

From 1963 Rothschild worked for the family bank N M Rothschild & Sons in London, before resigning in 1980 due to a family dispute. The chairmanship of the bank had passed from his father, who had chosen to follow a scientific career and had lost control of the majority voting shares, to his cousin Sir Evelyn Robert de Rothschild, and Jacob felt that his aspirations would be thwarted. He sold his minority stake in the bank, but took independent control of Rothschild Investment Trust (now RIT Capital Partners plc), an investment trust listed on the London Stock Exchange.[3]

After resigning from the bank in 1980, Jacob Rothschild went on to found J. Rothschild Assurance Group (now St. James's Place plc) with Sir Mark Weinberg in 1991.[4] In 1989, he joined forces with Sir James Goldsmith and Kerry Packer, in an unsuccessful bid for British American Tobacco.

Today, Jacob is Chairman of RIT Capital Partners plc, one of the largest investment trusts quoted on the London Stock Exchange with a net asset value of about £2 billion.[5] He is Chairman of J Rothschild Capital Management, a subsidiary of RIT Capital Partners plc.[6] In 2006, Jacob became a Founding Partner and Advisory Board Member of Xander Real Estate (India).[7][not in citation given (See discussion.)] He is also a Member of the Council for the Duchy of Cornwall for HRH The Prince of Wales [8] and a member of the International Advisory Board of The Blackstone Group.[9] He also retains many other venture capital and property interests.

From November 2003 until his retirement in 2008, he was Deputy Chairman of BSkyB Television [10] and until 2008 he was a Director of RHJ International.[11]

Oil interests[edit]

In 2003 Rothschild came under scrutiny when Russian oil industrialist Mikhail Khodorkovsky's shares in YUKOS passed to him under a deal they concluded prior to Khodorkovsky's arrest.[12][13]

In November 2010, an undisclosed entity affiliated with Rothschild purchased a 5.0% equity interest in Genie Energy, a subsidiary of IDT Corporation, for $10.0 million.[14] Shortly thereafter, potential 2012 U.S. Presidential candidate Sarah Palin hired former IDT executive Michael Glassner as her chief of staff.[15] In 2013, Genie Energy was granted exclusive oil and gas exploration rights to a 153-square mile radius in the southern part of the Golan Heights.[16]

Connections[edit]

From his headquarters in St James's Place in London, Jacob Rothschild has cultivated an influential set of clients, business associates and friends who have extended his interests far beyond the normal scope of a banker. He was a close personal friend of Diana, Princess of Wales[citation needed] and maintains strong personal and business links with Henry Kissinger.[17]

His country estate has been a regular venue for visiting heads of state including Presidents Ronald Reagan and Bill Clinton. Margaret Thatcher received French President François Mitterrand there at a summit in 1990. He hosted the European Economic Round Table conference in 2002, attended by such figures as James Wolfensohn, former president of the World Bank, Nicky Oppenheimer, Warren Buffett and Arnold Schwarzenegger.[18]

Personal life[edit]

In 1961, Rothschild married Serena Mary Dunn, a granddaughter of Canadian financier Sir James Dunn, and they have four children:[19]

Philanthropy[edit]

Lord Rothschild has played a prominent part in Arts philanthropy in Britain. He was Chairman of Trustees of the National Gallery from 1985 to 1991, and from 1992 to 1998, chairman of the National Heritage Memorial Fund. From 1994 to 1998, and at the invitation of the Prime Minister, he was chairman of the British National Heritage Lottery Fund responsible for distributing the proceeds of the National Lottery to the heritage sector, an influential post which oversaw the distribution of £1.2 billion in grants.

In the past, Jacob has also been a Trustee of the State Hermitage Museum of St Petersburg (retired 2008);[20] a Trustee of the Qatar Museums Authority (retired 2010);[21] Chairman of the Pritzker Prize for Architecture (2002–2004);[22] Chairman of both the Gilbert Collection Trust and the Hermitage Development Trust, Somerset House;[20] a Trustee and Honorary Fellow of the Courtauld Institute, Somerset House;[23] and a Fellow, Benefactor, and member of the Visitors' Committees of the Ashmolean Museum Oxford (retired 2008).[24]

The central courtyard of Somerset House, London.

He was especially active in the project to restore Somerset House in London, for which he helped secure the Gilbert Collection and ensured the long-term future of the Courtauld Institute of Art. As a private project, he carried out the restoration of Spencer House, one of the finest surviving 18th century London townhouses, adjacent to his own offices.[25]

In 1988, he inherited from his aunt, Dorothy de Rothschild, the Waddesdon and Eythrope estates in Buckinghamshire, and began a close association with Waddesdon Manor, the house and grounds which were built by Baron Ferdinand de Rothschild in the 1880s and bequeathed to the National Trust in 1957 by his cousin, James A. de Rothschild. He has been a major benefactor of the restoration of Waddesdon Manor through a private family charitable trust and, in an unusual arrangement, has been given authority by the National Trust to run Waddesdon Manor as a semi-independent operation.[26] The cellars at Waddesdon Manor house his personal collection of 15,000 bottles of Rothschild wines dating as far back as 1870.

Open to the public, Waddesdon attracts over 300,000 visitors annually and has won many awards over the last 15 years, including Museum of the Year Award and Best National Trust Property.[27]

In 1993, he joined with John Sainsbury, Baron Sainsbury of Preston Candover to set up the Butrint Foundation[28] to record and conserve the archaeological site of Butrint in Albania, close to his holiday home on Corfu. Today, Jacob remains Chairman of the Butrint Foundation.[29]

Lord Rothschild has also followed the Rothschild family's charitable interests in Israel and is the chairman of Yad Hanadiv, the family foundation which gave the Knesset and the Supreme Court buildings to Israel. He is also President of The Rothschild Foundation (Hanadiv) Europe,[30] and Patron and Chairman of the Board of Trustees of The Rothschild Foundation.[31] In addition, he is Honorary President of the Institute for Jewish Policy Research.[32]

Furthermore, Lord Rothschild has served as a Member of the Arts & Humanities Research Board, set up by the British Government, is an honorary fellow of the British Academy and a Trustee of the Prince of Wales’ Prince’s Charities Foundation.[33]

In the past, he has been a Member of the UK Main Honours Board, (retired 2008); Chairman of the Honours Committee for Arts and Media (retired 2008); Trustee of the Edmond J Safra Foundation (retired 2010); and a Member of committee of the Henry J Kravis Prize for Creative Philanthropy (retired 2010).

Styles and honours[edit]

The Rt. Hon. The Lord Rothschild, Baron Rothschild, OM, GBE

See also[edit]

References[edit]

  1. ^ Institute of Jewish Policy Research: Governance
  2. ^ Perry, Roland (1994). The fifth man. Sidgwick & Jackson. p. 48. ISBN 0283062169. 
  3. ^ a b Rose, Kenneth (2003). Elusive Rothschild: the Life of Victor, Third Baron. London: Weidenfeld & Nicolson. ISBN 0-297-81229-7. 
  4. ^ Peippo, Kathleen (2000). "St. James's Place Capital, plc". International Directory of Company Histories. 
  5. ^ RIT Capital Partners
  6. ^ "J Rothschild Capital Management Limited: Private Company Information". Bloomberg Businessweek. New York, NY: Bloomberg L.P. Retrieved December 10, 2011. 
  7. ^ RIT Capital Partners PLC Annual Report and Accounts 2010 (Report). London, UK: J. Rothschild Capital Management Limited. 15 June 2010. http://www.ritcap.co.uk/download/ar2010.pdf. Retrieved 10 December 2011.
  8. ^ "Duchy of Cornwall - Management and Finances". The Official Website for the Duchy of Cornwall. Cornwall, UK: Duchy of Cornwall. 15 November 2011. Retrieved 10 December 2011. 
  9. ^ "International Advisory Board". New York, NY, USA: Blackstone Group. Retrieved 10 December 2011. 
  10. ^ Rothschild to act as BSkyB buffer "Rothschild to act as BSkyB buffer". The Guardian. 3 November 2003. Retrieved 6 October 2011. 
  11. ^ "Annual Shareholders’ Meeting notice". Brussels, Belgium: RHJ International SA. 14 August 2008. Retrieved 10 December 2011. 
  12. ^ Arrested oil tycoon passed shares to banker, The Washington Times, November 2, 2003. Accessed July 27, 2010.
  13. ^ "Russian tycoon 'names successor'". BBC News. 2003-07-14. Retrieved 2010-05-05. 
  14. ^ PRELIMINARY INFORMATION STATEMENT OF GENIE ENERGY LTD., Jerusalem Post. November 22, 2010. Accessed February 12, 2011
  15. ^ "Sarah Palin hires chief of staff for PAC", Huffington Post. February 2011. Accessed February 12, 2011
  16. ^ Kelley, Michael (February 22, 2013). "Israel Grants First Golan Heights Oil Drilling License To Dick Cheney-Linked Company". Business Insider. Retrieved August 31, 2013. 
  17. ^ http://www.yukos.com/exclusive/exclusive.asp?id=6107
  18. ^ McGinty, Stephen (September 25, 2002). "Is Arnold the running man?". The Scotsman. Retrieved June 30, 2007. 
  19. ^ a b c d e The Rothschild Foster Trust: "The descendants of Charles Rothschild" retrieved September 27, 2012
  20. ^ a b "Interview in the magazine Russian Journal". Interview with the Ditector. St. Petersburg, Russia: Hermitage Museum. 4 July 2011 [2004]. Retrieved 10 December 2011.  Originally published in Russian Journal. 13 January 2004. 
  21. ^ "Lord Rothschild named trustee in Qatar". Artshub. England, UK: ArtsHub Holdings P/L. Retrieved 10 December 2011. 
  22. ^ "The Pritzker Architecture Prize - Jury". Madrid, Spain & Los Angeles, CA, USA: The Pritzker Architecture Prize. 14 September 2011. Retrieved 10 December 2011. 
  23. ^ Swallow, Dr. Deborah. "The Courtauld Institute of Art : Newsletter Spring 2008 - From the Director". The Courtauld Institute of Art website. London, UK: The Courtauld Institute of Art. Retrieved 10 December 2011. 
  24. ^ Annual Report of the Visitors of The Ashmolean Museum - August 2006—July 2007 (Report). Oxford, England, UK: Ashmolean Museum of Art and Archaeology. 14 January 2008. http://www.ashmolean.org/documents/AR2006-07.pdf. Retrieved 10 December 2011.
  25. ^ Spencer House - Historical Home
  26. ^ Rachel Spence (May 12, 2012). "Art, chez Rothschild". Ft.com. 
  27. ^ Hurmalainen, Risto (6 October 2009). "British Castles, Stately Homes and Houses". Castles of the World. Retrieved 10 December 2011. 
  28. ^ The Butrint Foundation
  29. ^ "Contact and trustees: 1135705 - THE BUTRINT FOUNDATION". London, UK: Charity Commission for England and Wales. Retrieved 10 December 2011. 
  30. ^ "Contact and trustees: 1083262 - ROTHSCHILD FOUNDATION (HANADIV) EUROPE". London, UK: Charity Commission for England and Wales. Retrieved 10 December 2011. [not in citation given] for President, confirmed for Trustee
  31. ^ "Contact and trustees: 1138145 - THE ROTHSCHILD FOUNDATION". London, UK: Charity Commission for England and Wales. Retrieved 10 December 2011. [not in citation given] for Chairman, confirmed for Trustee
  32. ^ Institute of Jewish Policy Research: Governance
  33. ^ "Contact and trustees: 1127255 - THE PRINCE OF WALES'S CHARITABLE FOUNDATION". London, UK: Charity Commission for England and Wales. Retrieved 10 December 2011. 

External links[edit]

Peerage of the United Kingdom
Preceded by
Victor Rothschild
Baron Rothschild
1990 – present
Incumbent
Heir apparent:
Nathaniel Philip Rothschild
Baronetage of the United Kingdom
Preceded by
Victor Rothschild
Baronet
(of Tring Park)
1990 – present
Incumbent
Heir apparent:
Nathaniel Philip Rothschild