, March 6 -- His family made the announcement this week.

The Rothschild banking dynasty originated in the late 18th century with Mayer Amschel Rothschild, who established a banking business in Frankfurt, Germany. The Rothschild family quickly expanded their banking operations across Europe, with branches in major financial centres such as London, Paris, Vienna, and Naples.

The Rothschilds became known for their astute financial acumen and their ability to facilitate international trade and finance major projects, including infrastructure developments and government loans.

Born in England in 1936, Jacob Rothschild embarked on his professional journey at NM Rothschild & Sons - a prominent part of the Rothschild banking dynasty - in 1963....