Lord Jacob Rothschild Dies At 87

– Lord Jacob Rothschild Dies At 87:

Financier and member of the Rothschild banking family, Lord Jacob Rothschild, died at 87. The cause of death was not given in a statement from the family.

“Our father Jacob was a towering presence in many peoples’ 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,” the family said in the statement.

The statement continued: “He will be buried in accordance with Jewish custom in a small family ceremony and there will be a memorial at a later date to celebrate his life.”

Lord Rothschild began his career at the family-owned NM Rothschild & Sons bank in 1963. In 1980, he departed from the family bank to focus on Rothschild Investment Trust. This subsidiary, currently recognized as RIT Capital Partners Plc, ranks among the most prominent investment trusts in the UK.