Jacob Rothschild, a member of the Rothschild banking dynasty has died aged 87
The family issued a statement announcing his demise calling him a a champion of the arts and culture, a devoted public servant, a passionate supporter of charitable causes in Israel,father and grandfather.
“Our father Jacob was a towering presence in many people’s 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,” his family said.
“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,” they added
According to last year's Sunday Times Rich List, the Rothschild family is worth approximately 825 million pounds ($1 billion). It donates millions of pounds to Jewish interests, education, and art.
Former British Prime Minister Tony Blair lauded him as a "towering figure in Britain's Jewish community" and praised his efforts to promote Middle East peace.
the National Gallery posted on X formerly known as twitter that it was saddened to hear of his death.
"Jacob Rothschild was a businessman, entrepreneur, philanthropist and cultural leader.Our thoughts are with his family and loved ones." they posted.
