Banker Benjamin de Rothschild dies of a heart attack | Companies

Banker Benjamin de Rothschild, head of the banking empire founded by his father, passed away Friday 15 January, at the age of 57.

The Edmond de Rothschild Group, the company she heads, reported that Frenchman de Rothschild died of a heart attack at his home in Priene, Switzerland.

Since 1997, Benjamin de Rothschild has run the banking group named after his father. The Geneva-based Edmond de Rothschild Group manages assets valued at around 160 billion euros ($ 190 billion).

Forbes magazine estimates de Rothschild’s fortune at $ 1.5 billion. He was a descendant of the Rothschild family, which ran European banks for 300 years.

In a press release announcing his death, the Edmond de Rothschild Group stated that de Rothschild was passionate about finance, racing, cars, and wine. He was also a philanthropist, a participant in the Adolphe de Rothschild Foundation Hospital, according to the company.

The group led by Benjamin de Rothschild did not have a corporate relationship with Rothschild & Co, a UK-based investment bank founded by another part of this family of bankers.

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