Editing Rothschild family (section)

== Modern businesses, investments, and philanthropy ==
[[File:Spencer House Thomas Malton Jr pub 1800 edited.jpg|thumb|The family has fully restored [[Spencer House (St. James's, London, England)|Spencer House]], [[St. James's Park]], London.]]
Since the late 19th century, the family has taken a low-key public profile, donating many famous estates, as well as vast quantities of art, to charity, and generally eschewing conspicuous displays of wealth. Today, Rothschild businesses are on a smaller scale than they were throughout the 19th century, although they encompass a diverse range of fields, including: real estate, financial services, mixed farming, energy, mining, winemaking and nonprofits.<ref name="The Rothschilds page 11" /><ref name="guardian.co.uk" />

===The Rothschild Group===
{{Main|Rothschild Group}}
Since 2003, a group of Rothschild banks have been controlled by Rothschild Continuation Holdings, a Swiss-registered holding company (under the chairmanship of [[David René de Rothschild|Baron David René de Rothschild]]). Rothschild Continuation Holdings is in turn controlled by Concordia BV, a Dutch-registered master holding company. Concordia BV is managed by [[Paris Orléans]] S.A., a French-registered holding company.<ref>{{cite web |url=http://www.paris-orleans.com/en-gb/activites/activites-bancaires.html|archive-url=https://web.archive.org/web/20120325224731/http://www.paris-orleans.com/en-gb/activites/activites-bancaires.html|archive-date=25 March 2012<!--Yes, link apparently spelled that way--> |title=Banking activities organisation chart of Rothschild |publisher=Paris-orleans.com}}</ref> Paris Orléans S.A. is ultimately controlled by Rothschild Concordia SAS, a Rothschild's family holding company.<ref>{{cite web |url=http://www.paris-orleans.com/upload/2007_2008/031208_PO_UK_RA07_08_MEL.pdf |archive-url=https://web.archive.org/web/20120325224642/http://www.paris-orleans.com/upload/2007_2008/031208_PO_UK_RA07_08_MEL.pdf |archive-date=25 March 2012 |title=Paris Orléans Annual report 2007/2008 |publisher=Paris-orleans.com |access-date=31 July 2008}}</ref> [[Rothschild & Cie Banque]] controls Rothschild banking businesses in France and continental Europe, while Rothschilds Continuation Holdings AG controls a number of Rothschild banks elsewhere, including [[N M Rothschild & Sons]] in London. Twenty per cent of Rothschild Continuation Holdings AG was sold in 2005 to Jardine Strategic, which is a subsidiary of [[Jardine Matheson Holdings|Jardine, Matheson & Co.]] of Hong Kong. In November 2008, [[Rabobank]] Group, the leading investment and private bank in the Netherlands, acquired 7.5% of Rothschild Continuation Holdings AG, and Rabobank and Rothschild entered into a co-operation agreement in the fields of [[mergers and acquisitions]] (M&A) advisory and equity capital markets advisory in the food and [[agribusiness]] sectors.<ref>{{cite web |url=http://www.rabobank.com/content/news/news_archive/020-RothschildandRabobankestablishglobalfoodandagricooperation.jsp|title=Rothschild and Rabobank establish global food and agri co operation|publisher=Rabobank|archive-url=https://web.archive.org/web/20090205065020/http://www.rabobank.com/content/news/news_archive/020-RothschildandRabobankestablishglobalfoodandagricooperation.jsp|archive-date=5 February 2009}}</ref> It was believed that the move was intended to help Rothschild Continuation Holdings AG gain access to a wider capital pool, enlarging its presence in East Asian markets.<ref name="rabo2">{{cite web |url=http://ftalphaville.ft.com/blog/2008/11/20/18451/rothschild-sells-75-stake-to-rabobank/ |title=Rothschild sells 7.5% stake to Rabobank |access-date=20 November 2008 |website=Financial Times |year=2008 |archive-date=5 February 2009 |archive-url=https://web.archive.org/web/20090205062600/http://ftalphaville.ft.com/blog/2008/11/20/18451/rothschild-sells-75-stake-to-rabobank/ |url-status=live }}</ref>

[[Paris Orléans]] S.A. is a financial holding company listed on [[Euronext]] Paris and controlled by the French and English branches of the Rothschild family. Paris Orléans is the flagship of the Rothschild banking group and controls the Rothschild Group's banking activities including [[N M Rothschild & Sons]] and [[Rothschild & Cie Banque]]. It has over 2,000 employees. Directors of the company include [[Eric de Rothschild]], [[Robert de Rothschild]] and Count Philippe de Nicolay.<ref name="reuters.com">[https://www.reuters.com/finance/stocks/companyOfficers?symbol=PROR.PA&viewId=bio People: Paris Orleans S.A. (PROR.PA)] {{Webarchive|url=https://web.archive.org/web/20150925010249/http://www.reuters.com/finance/stocks/companyOfficers?symbol=PROR.PA&viewId=bio |date=25 September 2015 }} Reuters.</ref>

[[N M Rothschild & Sons]], an English investment bank, does most of its business as an advisor for mergers and acquisitions. In 2004, the investment bank withdrew from the gold market, a commodity the Rothschild bankers had traded in for two centuries.<ref name="independent.co.uk" /> In 2006, it ranked second in UK M&A with deals totalling $104.9&nbsp;billion.<ref>{{cite web |url=http://www.rothschild.com/investmentbanking/ibleague.asp?id=ib-regional-manda |archive-url=https://web.archive.org/web/20020823111103/http://www2.rothschild.com/investmentbanking/ibleague.asp?id=ib-regional-manda |archive-date=23 August 2002 |title=League tables |publisher=Rothschild.com |access-date=8 July 2010 }}</ref> In 2006, the bank recorded a pre-tax annual profit of £83.2&nbsp;million with assets of £5.5&nbsp;billion.<ref>Annual Report of N M Rothschild & Sons Limited for the year ended 31 March 2006.</ref>
{|class="toccolours" style="float: right; margin-left: 0.5em; margin-right: 0.5em; font-size: 85%; background:#white; color:black; width:30em; max-width: 30%;" cellspacing="5"
|style="text-align: left;"|"Treat the stock exchange like a cold shower (quick in, quick out)."
—A traditional family [[Maxim (philosophy)|maxim]].<ref>''The House of Rothschild: Money's prophets, 1798–1848'', Volume 1, Niall Ferguson, 1999, p. 3.</ref>
|}

=== Edmond de Rothschild Group ===
[[File:The Large Mansion at Gunnersbury ed.JPG|thumb|The Large Mansion at [[Gunnersbury Park]], London]]

In 1953, one Swiss member of the family, [[Edmond Adolphe de Rothschild]] (1926–1997), founded the LCF Rothschild Group (now [[Edmond de Rothschild Group]]) which is based in [[Geneva]] and today extends to 15 countries across the world. Although this group is primarily a financial entity, specializing in asset management and private banking, its activities also cover mixed farming, luxury hotels and [[yacht racing]]. Edmond de Rothschild Group's committee is currently being chaired by [[Ariane de Rothschild]].

In late 2010, [[Benjamin de Rothschild]], the chairman at the time, said that the family was unaffected by the [[2008 financial crisis]], due to their conservative business practices: "We came through it well, because our investment managers did not want to put money into crazy things." He added that the Rothschilds were still a small-scale, traditional family business and took greater care over their clients' investments than American companies, adding: "The client knows we will not speculate with his money".<ref name="ReferenceA" /><ref>{{cite web
 |url          = http://undeletedevidence.blogspot.com/2011/08/very-intriguing-rothschild-interview.html
 |title        = Undeleted Evidence…
 |author       = Hei Hu Quan
 |website      = undeletedevidence.blogspot.com
 |date         = 11 August 2011
 |access-date  = 19 October 2011
 |archive-date = 17 November 2011
 |archive-url  = https://web.archive.org/web/20111117142905/http://undeletedevidence.blogspot.com/2011/08/very-intriguing-rothschild-interview.html
 |url-status   = live
}}</ref>

Edmond de Rothschild group includes these companies.
* [[Banque privée Edmond de Rothschild]] – Swiss private banking firm
* [[Compagnie Financière Edmond de Rothschild]] – French private bank
* La Compagnie Benjamin de Rothschild
* Cogifrance – Real estate
* Compagnie Vinicole Baron Edmond de Rothschild – wine making firm

=== RIT Capital Partners ===
In 1980, [[Jacob Rothschild, 4th Baron Rothschild]] resigned from N M Rothschild & Sons and took independent control of Rothschild Investment Trust (now [[RIT Capital Partners]], a British investment trust), which has reported assets of $3.4&nbsp;billion in 2008.<ref>{{cite web
 |url=http://miranda.hemscott.com/servlet/HsPublic?context=ir.access.jsp&ir_client_id=1874&ir_option=DIRECTORS
 |archive-url=https://web.archive.org/web/20040825210440/http://miranda.hemscott.com/servlet/HsPublic?context=ir.access.jsp&ir_client_id=1874&ir_option=DIRECTORS
 |archive-date=25 August 2004 |title=RIT Capital Partners
 |publisher=Miranda.hemscott.com
 |date=28 October 2003 |access-date=8 July 2010 }}</ref> It is listed on [[London Stock Exchange]]. Lord Rothschild is also one of the major investors behind BullionVault, a gold trading platform.<ref>[https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7842235/Lord-Rothschild-fund-joins-World-Gold-Council-to-put-12.5m-into-BullionVault.html Lord Rothschild fund joins World Gold Council to put £12.5m into BullionVault] {{Webarchive|url=https://web.archive.org/web/20171114190710/http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7842235/Lord-Rothschild-fund-joins-World-Gold-Council-to-put-12.5m-into-BullionVault.html |date=14 November 2017 }} ''The Daily Telegraph'' (London), Garry White, 20 June 2010</ref>

In 2010 RIT Capital Partners stored a significant proportion of its assets in the form of [[gold|physical gold]]. Other assets included oil and energy-related investments.<ref>[https://web.archive.org/web/20101124175611/http://www.bloomberg.com/news/2010-11-17/rit-capital-increases-gold-investments-as-net-asset-value-rises.html Rothschild's RIT Capital Boosts Gold Investments as Net Asset Value Climbs] Bloomberg, 17 November 2010</ref>

In 2012, RIT Capital Partners announced it was to buy a 37 per cent stake in a [[Rockefeller family]] wealth advisory and asset management group.<ref>[http://www.ft.com/cms/s/0/efe93494-a9a3-11e1-a6a7-00144feabdc0.html#axzz1wItLOFQv Rockefellers and Rothschilds unite] {{Webarchive|url=https://web.archive.org/web/20120531104306/http://www.ft.com/cms/s/0/efe93494-a9a3-11e1-a6a7-00144feabdc0.html#axzz1wItLOFQv |date=31 May 2012 }} ''Financial Times'' (London), Daniel Schäfer, 29 May 2012</ref> Commenting on the deal, [[David Rockefeller]], a former [[patriarch]] of the [[Rockefeller family]], said: "The connection between our two families remains very strong."<ref>[https://www.independent.co.uk/news/business/news/transatlantic-alliance-between-rothschilds-and-rockefellers-for-wealth-management-7805035.html Transatlantic alliance between Rothschilds and Rockefellers for wealth management] {{Webarchive|url=https://web.archive.org/web/20200412022430/https://www.independent.co.uk/news/business/news/transatlantic-alliance-between-rothschilds-and-rockefellers-for-wealth-management-7805035.html |date=12 April 2020 }}
Tom Bawden, Thursday 31 May 2012, ''The Independent'' (London)</ref>

=== Investments ===
In 1991, [[Jacob Rothschild, 4th Baron Rothschild]], founded J. Rothschild Assurance Group (now [[St. James's Place plc|St. James's Place Wealth Management]]) with [[Sir Mark Weinberg]]. It is also listed on [[London Stock Exchange]].<ref>{{cite news
 |url          = http://findarticles.com/p/articles/mi_gx5202/is_2000/ai_n19122975
 |archive-url  = https://archive.today/20120708020424/http://findarticles.com/p/articles/mi_gx5202/is_2000/ai_n19122975/
 |archive-date = 8 July 2012
 |title        = St. James's Place Capital, plc, International Directory of Company Histories, Find Articles at BNET.com
 |publisher    = Findarticles.com
 |access-date  = 8 July 2010
 |first        = Kathleen
 |last         = Peippo
 |year         = 2000
}}</ref>

In 2001, the Rothschild mansion located at 18 [[Kensington Palace Gardens]], London, was on sale for £85&nbsp;million, at that time (2001) the most expensive residential property ever to go on sale in the world. It was built in marble, at 9,000 sq ft, with underground parking for 20 cars.<ref>[https://web.archive.org/web/20110325032650/http://www.telegraph.co.uk/property/propertyadvice/propertymarket/3291728/If-you-have-to-ask-the-price....html If you have to ask the price] ''The Daily Telegraph'' (London), Ross Clark, 1 August 2001.</ref>

In December 2009, [[Jacob Rothschild, 4th Baron Rothschild]], invested $200&nbsp;million of his own money in a [[North Sea oil]] company.<ref>[http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6945950.ece Rothschild backs North Sea oil trio] {{Webarchive|url=https://web.archive.org/web/20110611170112/http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6945950.ece |date=11 June 2011 }}, ''Sunday Times'' 6 December 2009.</ref>

In January 2010, [[Nathaniel Rothschild, 5th Baron Rothschild]], bought a substantial share of the [[Glencore]] mining and oil company's market capitalisation. He also bought a large share of the [[Bauxite|aluminium mining]] company [[United Company RUSAL]].<ref>Bloomberg Businessweek,'' Glencore May Expand to Rival BHP, Rothschild Says'' 6 January 2010, Simon Casey.</ref>

During the 19th century, the Rothschilds controlled the [[Rio Tinto Group|Rio Tinto mining corporation]], and to this day, Rothschild and Rio Tinto maintain a close business relationship.<ref name="lemonde.fr">{{cite news
  | url   = http://www.lemonde.fr/economie/article/2013/08/16/james-de-rothschild-le-banquier-de-l-ere-industrielle_3462336_3234.html
  | title   = James de Rothschild, le banquier de l'ère industrielle
  | website   = Le Monde.fr
  | date   = 16 August 2013
  | access-date   = 31 August 2013
  | archive-date   = 21 August 2013
  | archive-url   = https://web.archive.org/web/20130821042419/http://www.lemonde.fr/economie/article/2013/08/16/james-de-rothschild-le-banquier-de-l-ere-industrielle_3462336_3234.html
  | url-status   = live
  }}</ref>

=== Wine ===
[[File:Chateau Lafite.jpg|thumb|[[Château Lafite Rothschild]], Bordeaux. Alongside [[Château Mouton Rothschild]], it is perhaps the most prestigious of the many Rothschild wine estates.]]

The Rothschild family has been in the winemaking industry for 150 years.<ref>{{cite web
 |url=http://www.rothschild.info/wine/
 |archive-url=https://web.archive.org/web/20030925015740/http://www.rothschild.info/wine/
 |archive-date=25 September 2003 |title=Rothschild.info – WINE
 |website=rothschild.info
}}</ref> In 1853, [[Nathaniel de Rothschild]] purchased [[Château Brane-Mouton]] and renamed it [[Château Mouton Rothschild]]. In 1868, [[James Mayer de Rothschild]] purchased the neighbouring Château Lafite and renamed it [[Château Lafite Rothschild]].

Today, the Rothschild family owns many wine estates: their estates in France include [[Château Clarke]], Château de Malengin, [[Château Clerc-Milon]], [[Château d'Armailhac]], [[Château Duhart-Milon]], [[Château Lafite Rothschild]], Château de Laversine, [[Château des Laurets]], [[Château L'Évangile]], Château Malmaison, Château de Montvillargenne, [[Château Mouton Rothschild]], [[Château de la Muette]], [[Château Rieussec]] and Château Rothschild d'Armainvilliers. They also own wine estates across North America, South America, South Africa and Australia.

Especially, [[Château Mouton Rothschild]] and [[Château Lafite Rothschild]] are classified as '''Premier Cru Classé'''—i.e., [[First Growth]], the status referring to a classification of wines from the [[Bordeaux]] region of France.

[[Saskia de Rothschild]] was named Chairwoman of [[Château Lafite Rothschild]] in 2018, succeeding her father, [[Éric de Rothschild]].<ref>{{Cite news |date=2018-06-15 |title=Jancis Robinson on Saskia de Rothschild, new head of Château Lafite |work=Financial Times |url=https://www.ft.com/content/4c4597ce-6e96-11e8-92d3-6c13e5c92914 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/4c4597ce-6e96-11e8-92d3-6c13e5c92914 |archive-date=10 December 2022 |url-access=subscription |url-status=live |access-date=2022-04-04}}</ref> [[Château Mouton Rothschild]] was managed by [[Philippine de Rothschild]] until her death in 2014. It is now under the direction of her son Philippe Sereys de Rothschild.<ref>{{Cite news |date=2015-07-10 |title=Philippe Sereys de Rothschild takes over the family business |work=Financial Times |url=https://www.ft.com/content/43c8c692-1341-11e5-ad26-00144feabdc0 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/43c8c692-1341-11e5-ad26-00144feabdc0 |archive-date=10 December 2022 |url-access=subscription |access-date=2022-04-04}}</ref>

=== Art and charity ===
The family once had one of the largest private art collections in the world, and a significant proportion of the art in the world's public museums are Rothschild donations which were sometimes, in the family tradition of discretion, donated anonymously.<ref>''The Rothschilds: Portrait of a Dynasty'', By Frederic Morton, pp. 11–13.</ref>

[[Hannah Rothschild (film maker)|Hannah Rothschild]] was appointed in December 2014 as chair of the board of the [[National Gallery]] of London.<ref>{{cite web
  | url   = http://www.nationalgallery.org.uk/about-us/press-and-media/press-releases/hannah-rothschild-appointed-chair-of-the-national-gallery-board-of-trustees
  | title   = Hannah Rothschild appointed Chair of the National Gallery's Board of Trustees
  | website   = nationalgallery.org.uk
  | access-date   = 10 December 2014
  | archive-date   = 12 April 2020
  | archive-url   = https://web.archive.org/web/20200412022443/https://www.nationalgallery.org.uk/about-us/press-and-media/press-releases/hannah-rothschild-appointed-chair-of-the-national-gallery-board-of-trustees
  }}</ref>