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Financier Lord Jacob Rothschild has died at the age of 87, his family has said.
In a statement to the news agency PA on Monday, Rothschild’s family said “our father Jacob was a towering presence in many people’s lives” and that he would “be buried in accordance with Jewish custom in a small family ceremony”.
A member of the well-known British banking dynasty, Rothschild became chair of RIT Capital Partners in 1988 and stepped down in 2019.
Between 2003 and 2008, Rothschild was deputy chair of BSkyB Television. He was also an extensive patron of the arts, serving as chair of trustees of the National Gallery between 1985 and 1991 and chair of the Heritage Lottery Fund from 1994 until 1998.
In a tweet on X, the Rothschild Foundation said it was “deeply saddened to announce the death of Lord Rothschild, businessman, entrepreneur, philanthropist and cultural leader”.
“He will be greatly missed by his family, his colleagues and his many friends,” it added.
Rothschild was educated at Eton College before studying history at Christ Church college, Oxford university.
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