Amschel Rothschild Net Worth & Biography

Amschel Rothschild Net Worth & Biography

The late Amschel Rothschild was a member of the prestigious Rothschild family which maintains a reputed presence in the United Kingdom. He was the executive chairman of the Rothschild Asset Management of the Rothschild family of England.

Early Life: Childhood, Kinship, Education

Amschel Mayor James Rothschild was born on 18 April 1955 in Paris, France. He was the youngest child of 3^rd Baron Rothschild Victor Rothschild, and his second wife, Teresa Georgina Rothschild.

On his father’s side, Amschel descended from the wealthy Rothschild family. He was a half-brother of 4^th Baron Rothschild Jacob Rothschild, who we recently talked about here. His maternal grandfather was Robert John Grote Mayor, who was the brother of English writer F. M. Mayor and a great-nephew of cleric and philosopher John Grote. Amschel’s maternal grandmother, Katherine Beatrice Meinertzhagen, of German and English descent, was the sister of Richard Meinertzhagen and the niece of publisher Beatrice Webb.

For his education, Amschel Rothschild attended King’s College School, Cambridge. He later obtained further education at The Leys School before graduating from City University in London in the year 1976 with his degree in economics, history, and archaeology.

Professional Life: Career, Works

In the early stages of his professional career, Amschel worked as a journalist for the now-defunct literary journal, The New Review, as a circulation manager.

In 1987, he joined his family’s banking firm, N M Rothschild and Sons, and by 1990 he was appointed as chief executive of one of the family’s weaker assets, Rothschild Asset Management. Three years later, he took over as Chairman of the firm and helped steer the flourishing business onto a more stable path.

One of Amschel’s favorite pastimes was farming. He had inherited an arable farmland, Rushbrooke, close to Bury St. Edmunds where he worked for many hours every day.

He was also a profound racer of cars, and was popular in his country as one of the best amateur racers. His passion started when he purchased a scrambler motorbike, at age thirteen. In later life, he ventured into motor racing and was successful at it to the extent that he emerged the winner of the 1996 Peter Collins Memorial Trophy Race at Silverstone. Among his car collection was a 1958 BRM P25 Formula I, a 1957 Maserati 250F Formula I, and an AC Cobra Daytona sports car. He was popular as one of the best racers of classic cars during his time.

Amschel Rothschild was also an amateur pilot. He kept a Stampe biplane at his home in Suffolk.

In addition to all that he was known for, Amschel held the position of trustee of Yad Hanadiv, the foundation of the Rothschild family which has supported numerous projects in Israel, including the construction of the Supreme Court and Knesset in Jerusalem.

Personal Life: Wife, Children, Marriages, Demise

In 1981, Amschel and Anita Patience Guinness tied the knot in a private wedding ceremony that had only a few of their family and friends in attendance. Anita was the child of the merchant banker and industrialist James Edward Alexander Rundell Guinness and his wife Pauline Vivien Mander.

With Anita, Amschel had three children:

• Kate Emma Rothschild who was born in 1982. She got married to the son of the late Sir James Goldsmith and Annabel Goldsmith named Ben Goldsmith in 2003. They had three before divorcing in 2012 after it was alleged Ms. Kate had an affair with American rapper/producer Jay Electronica.
• Alice Miranda Rothschild who was born in 1983, and is married to British Conservative Party Politician Zac Goldsmith. Interestingly, Zac is the brother of Ben Goldsmith, the former husband of her sister Kate.
• James Amschel Victor Rothschild who was born in 1985. He is married to socialite Nicky Hilton, a great-granddaughter of hotel tycoon Conrad Hilton. They have two daughters together.

Rothschild and his wife were godparents to the daughter of British politician William Waldegrave, who is a godfather to their son James Rothschild.

Amschel Rothschild, as reported, committed suicide in July 1996. He killed himself by hanging at the Hôtel Le Bristol Paris. The coroner disclosed that there were no sinister circumstances surrounding his death. His wife attributed the suicide to depression which has been left untreated, partly over the recent passing of his widowed mother, whom he truly loved and shared a remarkable bond with.

Amschel Rothschild Net Worth: Salary, Assets

As at the time of his death in 1996, Amschel Rothschild’s net worth was said to be estimated at $100 million. He earned his fortune from working in the family-owned banking firm, N M Rothschild and Sons. He also served as the chief executive of the family’s assets Rothschild Asset Management, and was able to earn a significant salary and compensation during the years he took over as chairman and led the business to accomplish more success

Amschel owned a summer home at New Alton, New Hampshire. He owned several classic cars and expensive properties around the United Kingdom before his passing.