Jacob Rothschild, the financier and philanthropist from the Rothschild banking dynasty, has died at 87. His family announced his death in a statement Monday without giving details. Rothschild began his career at NM Rothschild & Sons in 1963, before he broke away from the family bank to start businesses and charitable organizations. He was chairman of Rothschild Investment Trust, now RIT Capital Partners, until 2019. His family described him as a passionate supporter of charitable Jewish causes and a keen environmentalist. He was chairman of the board of trustees at London’s National Gallery and chair of the National Lottery Heritage Fund.
