Jacob Rothschild oversees the manor through a charity, which had net assets of 655 million pounds at the end of February 2018, according to U.K. Companies House filings. These assets, including a stake of almost 10% in RIT, are excluded from Bloomberg’s calculation of his personal wealth. The family’s stake held outside the trust is attributed to him to reflect his status as founder.
RIT holds its next general meeting in April 2020, the month of Jacob’s 84th birthday, when he will join fellow investors in the audience. With daughter Hannah -- the oldest of his four children -- on RIT’s board for the past six years, this offshoot of the Rothschild house is set to add more riches to the banking clan, and its other shareholders.
“His influence will still be there after he steps down,” Brierley said. “RIT has become a core holding for a lot of investors who feel very comfortable with it. He’s built an incredible investment vehicle.”
This article was provided by Bloomberg News.