Jacob Rothschild, 4th Baron Rothschild


Nathaniel Charles Jacob Rothschild, 4th Baron Rothschild is a British peer and investment banker and a member of the prominent Rothschild banking family. He is also honorary president of the Institute for Jewish Policy Research.

Early life

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

Business career

From 1963 Rothschild worked at 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, an investment trust listed on the London Stock Exchange.
After resigning from the bank in 1980, Jacob Rothschild went on to found J. Rothschild Assurance Group with Sir Mark Weinberg in 1991. In 1989, he joined forces with Sir James Goldsmith and Kerry Packer, in an unsuccessful bid for British American Tobacco.
Rothschild 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. He is Chairman of J Rothschild Capital Management, a subsidiary of RIT Capital Partners plc. 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 and until 2008 he was a Director of RHJ International. He has also been a Member of the Council for the Duchy of Cornwall for the Prince of Wales and a member of the International Advisory Board of The Blackstone Group.
He was appointed Knight Commander of the Royal Victorian Order in the 2020 New Year Honours for services to the Duchy of Cornwall.

Oil interests

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.
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. In 2013, Genie Energy was granted exclusive oil and gas exploration rights to a 153-square mile area in the southern part of the Golan Heights.

Connections

From his headquarters in St James's Place in London, Jacob Rothschild has cultivated clients, business associates and friends who have extended his interests beyond the normal scope of a banker. He maintains personal and business links with Henry Kissinger.
His country estate has been a 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 James Wolfensohn, former president of the World Bank, Nicky Oppenheimer, Warren Buffett and Arnold Schwarzenegger.

Personal life

In 1961, Rothschild married Serena Mary Dunn, a granddaughter of the Canadian financier Sir James Dunn, and they have four children. Lady Rothschild died in 2019.
He leases Spencer House, London.
He commissioned the 2015 RIBA Award winner Flint House on the Waddesdon Manor estate in Buckinghamshire, UK. Rothschild donated the property to the Rothschild Foundation which manages the rest of the estate for the National Trust.

Philanthropy

Jacob 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, he has also been a Trustee of the State Hermitage Museum of St Petersburg ; a Trustee of the Qatar Museums Authority ; Chairman of the Pritzker Prize for Architecture ; Chairman of both the Gilbert Collection Trust and the Hermitage Development Trust, Somerset House; a Trustee and Honorary Fellow of the Courtauld Institute, Somerset House; and a Fellow, Benefactor, and member of the Visitors' Committees of the Ashmolean Museum Oxford. In 2014, he received the J. Paul Getty Medal "for extraordinary achievement in the fields of museology, art historical research, philanthropy, conservation and conservation science".
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.
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. 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 attracted over 466,000 visitors in 2018, with 157,000 visiting the house in 2015. Waddesdon has won many awards over the last 20 years, including Visit England's "Large Visitor Attraction of the Year" category in 2017, Museum of the Year Award and Best National Trust Property.
In 1993 he joined with John Sainsbury, Baron Sainsbury of Preston Candover to set up the Butrint Foundation 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.
Jacob Rothschild has also followed the Rothschild family's charitable interests in Israel and was the chairman of Yad Hanadiv, the family foundation which gave the Knesset and the Supreme Court buildings to Israel between 1989-2018. He is also president of The Rothschild Foundation Europe, and Patron and Chairman of the Board of Trustees of The Rothschild Foundation. In addition, he is Honorary President of the Institute for Jewish Policy Research.
Furthermore, he 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.
In the past, he has been a Member of the UK Main Honours Board, ; Chairman of the Honours Committee for Arts and Media ; Trustee of the Edmond J Safra Foundation ; and a Member of committee of the Henry J Kravis Prize for Creative Philanthropy.

Honours and awards

In United Kingdom