Five Things You Didn't Know about the Rothschild Family

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They have been around for 200 years, and they are the frequent subjects of conspiracy theories like controlling the world’s central banks for example. You may not have heard of them given their relatively low profile today, but the Rothschild Family is one of the richest families in the world...

They Are Actually The Richest Ever

Back in the 19th century, the family possessed the largest private fortune in the world – the largest even in modern world history. Think of ‘World’s Richest’ by today’s measure, and a couple of familiar names like Microsoft’s Bill Gates or Zara’s Amancio Ortega might come to mind instead. In fact, you would be hard pressed to find a ‘Rothschild’ if you scrolled through all 500 of the world’s wealthiest people on Forbes’ rich list. But the family’s wealth has been distributed across many generations and countless of heirs, leaving each individual with significantly less. That said, the general consensus is that the Rothschild Family is still collectively worth a conservative estimate of US$350 billion. Some even speculate that they are worth trillions. Given their intensely private ways, the sheer scale of their operation and their innumerable assets, finding a precise estimate of the family’s actual worth is almost impossible. Amongst the richest Rothschilds we do know of are Jacob Rothschild and Sir Evelyn De Rothschild, worth about US$50 billion and US$20 billion respectively.

It Started With Mayer Amschel Rothschild

He was a court Jew from the 18th century, living in what was then known as the Free City of Frankfurt (now Frankfurt, Germany) as a personal banker of the German royals and state nobility. In 1760, Mayer Amschel Rothschild began his banking business and quickly amassed a large fortune which grew rapidly over generations, starting from his five sons Salomon-Mayer von Rothschild, James-Mayer de Rothschild, Nathan Mayer-Rothschild, Carl-Mayer von Rothschild and Amschel Mayer Rothschild. His sons established banks across Europe, coordinating their activities amongst themselves whilst laying the grounds of banking and its eventual rules and innovations. Whilst the family fortune is today diluted across the world like their innumerable trades and fields, they are still best known for establishing the banking business since the mid-18th century.

They Kept Their Wealth the Old Fashioned Way

According to the Daily Telegraph, the degree to which Rothschild name became synonymous with money and power was utterly unmatched. Indeed, one way the royals in history ensured a ‘pure bloodline’ was to marry amongst themselves – but inbreeding is not something exclusive to royalty. The Rothschilds, despite their sheer wealth, aren’t exactly royalty, but they might as well be. For example, Baron Nathan Rothschild’s son Lionel married his first cousin, but he wasn’t the only one. Nathan had seven children and four married their first cousins, who were also Rothschilds. We doubt that’s a great way to ensure that your wealth stays in the family... What do you think?

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