January 16, 2021

SWITZERLAND: Benjamin de Rothschild, 57, Chairman Of Rothschild Holding SA, Has Died Of A Heart Attack This Morning. The Rothschilds Were Once One Of The World’s Richest Families.

Bloomberg News
written by Blaise Robinson and Jeff Black
Saturday January 16, 2021

Benjamin de Rothschild, chairman of Edmond de Rothschild Holding SA, who helped take the bank private in 2019, has died at 57.

“It is with deep regret and great sadness that Edmond de Rothschild Group announces the passing of Benjamin de Rothschild following a heart attack at his home in Pregny, Switzerland,” the company said Saturday in a statement.

The Swiss branch of the sprawling Rothschild banking dynasty -- once one of the world’s richest families -- was created by Baron Edmond de Rothschild, whose parents fled to Switzerland during World War II. He created the group in 1953, later buying a Swiss private bank and branching out into asset management.

De Rothschild had been head of the group created by his father since 1997 and worked to simplify its structure after delisting. As of the end of 2019, the group had 173 billion francs ($194 billion) in assets with activities in 15 countries, according to its website.

The Epoch Times
written by Samuel Allegri
Saturday January 16, 2021

Notable Swiss financier and philanthropist Baron Benjamin de Rothschild died on Friday afternoon of a heart attack at the age of 57, according to the Edmond De Rothschild webpage.

The Chateau de Pregny, also known as the Rothschild Castle, where the statement says he spent his final moments, is an estate owned by the family since the 19th century. It is located in the proximity of Lake Geneva.

According to Financial Times, he left behind a business worth $194 billion that employs 2,600 people across the world. The business started in 1953.

The former head of Russian energy company Rosneft, Sergei Bogdanchikov, accused Edmond de Rothschild of participating in a kickback scheme in October 2020.

According to Haarets.com, the deceased philanthropist’s father was a well-known Zionist and donor to Israel, Baron Edmond de Rothschild.

Benjamin is a seventh-generation successor of the Rothschild dynasty founder, Mayer Amschel Rothschild. The French branch of the family was the 22nd richest in 2019 in France and 43rd in Switzerland.
Monaco Daily News
written by Ian Brodie, Editor-in-Chief
Saturday January 16, 2021

Baron Benjamin de Rothschild, president of the board of Edmond de Rothschild Holding SA, died on Friday, January 15, from a heart attack.

In a statement to AFP on Saturday morning, his wife said: “Ariane de Rothschild and her daughters are deeply saddened to announce the death of their husband and father, Benjamin de Rothschild following a heart attack at the family home in Pregny (Switzerland) on the afternoon of January 15, 2021.”

The Franco-Swiss group headquartered in Geneva specializes in private banking and asset management and has no connection with the Franco-British investment bank Rothschild and Co.

The value of assets managed by the group amounts to 173 billion Swiss francs, according to Le Figaro. Benjamin de Rothschild had been at the head of the group since 1997 and the death of his father, Edmond de Rothschild, husband of Baroness Nadine de Rothschild.

The funeral of Baron de Rothschild will take place in the next few days and will be a strictly family affair.

Edmond de Rothschild is a family-owned financial group, specializing in private banking and asset management.

Edmond de Rothschild group also provides corporate finance, private equity and fund administration solutions, according to thebanks.eu, which adds: “Edmond de Rothschild (Monaco) is the eighth largest bank in Monaco in terms of total assets. In 2019 its total assets were 2,529,99 million euros, providing the bank with the market share of 3.53 percent. In 2019 the bank’s net income was 19,73 million euros.”

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