<p>London: British financier Jacob Rothschild, a senior member of one of Europe's best-known banking dynasties, has died at the age of 87, his family announced on Monday.</p><p>The family, in a statement to the UK's <em>Press Association</em> news agency, called Rothschild "a towering presence in many peoples' lives".</p><p>He was "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.</p><p>Rothschild, born in England in 1936, started his career at the family bank, NM Rothschild & Sons, in 1963 before going on to co-found J Rothschild Assurance Group, which became today's London-based wealth manager St James's Place.</p>.Rishi Sunak warns of 'toxic' culture in UK politics amid threats to MPs.<p>He was involved in many business endeavours, including founding investment trust RIT Capital Partners, which has backed a variety of companies, from hedge funds to clean technology start-ups.</p><p>Rothschild was also known for being a long-standing patron of the arts, and was trustee of Britain’s National Gallery between 1985 and 1991.</p><p>Ed Vaizey, Britain’s former culture minister, paid tribute to Rothschild on X, describing him as one of the country’s greatest cultural philanthropists.</p><p>Waddesdon Manor, an English country estate managed by the Rothschild Foundation, said on social media platform X that it and the foundation were "deeply saddened" by the death, calling Rothschild a "businessman, entrepreneur, philanthropist and cultural leader".</p><p>The Rothschild banking family traces its roots back to 18th century Frankfurt, from where different family members moved to cities across Europe to build out banking businesses.</p>
<p>London: British financier Jacob Rothschild, a senior member of one of Europe's best-known banking dynasties, has died at the age of 87, his family announced on Monday.</p><p>The family, in a statement to the UK's <em>Press Association</em> news agency, called Rothschild "a towering presence in many peoples' lives".</p><p>He was "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.</p><p>Rothschild, born in England in 1936, started his career at the family bank, NM Rothschild & Sons, in 1963 before going on to co-found J Rothschild Assurance Group, which became today's London-based wealth manager St James's Place.</p>.Rishi Sunak warns of 'toxic' culture in UK politics amid threats to MPs.<p>He was involved in many business endeavours, including founding investment trust RIT Capital Partners, which has backed a variety of companies, from hedge funds to clean technology start-ups.</p><p>Rothschild was also known for being a long-standing patron of the arts, and was trustee of Britain’s National Gallery between 1985 and 1991.</p><p>Ed Vaizey, Britain’s former culture minister, paid tribute to Rothschild on X, describing him as one of the country’s greatest cultural philanthropists.</p><p>Waddesdon Manor, an English country estate managed by the Rothschild Foundation, said on social media platform X that it and the foundation were "deeply saddened" by the death, calling Rothschild a "businessman, entrepreneur, philanthropist and cultural leader".</p><p>The Rothschild banking family traces its roots back to 18th century Frankfurt, from where different family members moved to cities across Europe to build out banking businesses.</p>