Rothschild banking family of France
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The Rothschild banking family of France (French: Famille banquière Rothschild) is the French branch of the Rothschild family. It was founded in 1812 by James Mayer de Rothschild (1792–1868) in Paris, which was then part of the First French Empire. He was sent there from his home in Frankfurt by his father, Mayer Amschel Rothschild (1744–1812). Wanting his sons to succeed on their own and to expand the family business across Europe, Mayer Amschel Rothschild had his eldest son remain in Frankfurt, while his four other sons were sent to different European cities to establish a financial institution to invest in business and provide banking services. Endogamy within the family was an essential part of the Rothschild strategy in order to ensure control of their wealth remained in family hands.
Involvement in finance and industry
Through their collaborative efforts, the Rothschilds rose to prominence in a variety of banking endeavors including loans, government bonds and trading in bullion. Their financing afforded investment opportunities and during the 19th century, they became major stakeholders in large-scale mining and rail transport ventures that were fundamental to the rapidly expanding industrial economies of Europe, as well as wine growing and the oil industry.
The
Jacob Mayer Rothschild, the youngest son, settled in Paris in 1812 where his name Jacob was translated to James. In 1817, he formally created the bank, de Rothschild Frères whose partners were brothers
Following the
There is a theory that before Louis-Phillipe came to power the Rothschilds were fronting for the House of Orleans. A major portion of the business has consisted of selling French government bonds to French investors through London to protect their anonymity. There was a general perception on the part of the French that otherwise their government might unilaterally reset terms. No French fortune was more likely to face the problem than the younger branch of the royal family. The theory follows that when the Orleanists came to power they became less provident but by then the Rothschilds had numerous other clients.
The de Rothschild Frères banking business was passed down to ensuing generations. James Mayer de Rothschild had stipulated "that the three branches of the family descended from him always be represented." For the next two generations that was the case but in 1939,
The French Rothschild family's business suffered a near death blow in 1981 when the Socialist government of
Struggles for the French Rothschilds
In the 1930s, the vast railroad holdings of French Rothschilds were
The French Rothschilds today
Both the British and the French branches emerged from the Second World War with new generations of the family at the helm. Historic partnership ties between the two branches were revitalized, leading to a complete merger in 2003 into Rothschild & Co.
The Rothschilds created their first hedge funds in 1969, and strengthened its position as a world leader in investment banking. Additionally, the firm is a global private bank with over 4,000 private clients in 90 countries.[5] Rothschild & Co provides a comprehensive range of services to individuals, governments, and corporations worldwide.[6]
The Rothschilds also have a strong presence[7] in the South American country of Uruguay (Family Helguera von Rothschild-Haverkate[8]) as they are sole owners of over 70% of the private land in the country. This family has acquired and developed many business ventures,[9] philanthropic ventures, commercial and residential properties along the 20th and 21st century. Sir Louis Ralph Helguera von Rothschild-Haverkate[10] was a Swiss-French national of the French Rothschild family who immigrated to Uruguay in the mid 1960's. His influence in architecture and arts can be appreciated all over Uruguay.
Involvement in wine growing
The second French branch was founded by
In 1868, Nathaniel's uncle/father-in-law, James Mayer de Rothschild, acquired the prestigious neighboring vineyard, Château Lafite.
Philanthropy
The French Rothschilds and members of the other branches in Europe were all major contributors to causes in aid of the Jewish people. However, many of their philanthropic efforts extended far beyond Jewish ethnic or religious communities. They built hospitals and shelters, supported cultural institutions and were patrons of individual artists. At present, a research project is underway by The Rothschild Archive[11] in London to document the family's philanthropic involvements.
Family members
Notable Rothschild family members in France include:
- Alphonse James de Rothschild (1827–1905)
- Aline Caroline de Rothschild (1865–1909)
- Ariane de Rothschild (b. 1965)
- Arthur de Rothschild (1851–1903)
- Béatrice Ephrussi de Rothschild (1864–1934)
- Benjamin de Rothschild (1963–2021)
- Charlotte de Rothschild (1825–1899)
- Bethsabée de Rothschild (1914–1999)
- David René de Rothschild (b. 1942)
- Edmond Adolphe de Rothschild (1926–1997)
- Edmond James de Rothschild (1845–1934)
- Édouard Etienne de Rothschild (b. 1957)
- Edouard Alphonse de Rothschild(1868–1949)
- Elie Robert de Rothschild(1917–2007)
- Elisabeth de Rothschild(1902–1945)
- Guy de Rothschild (1909–2007)
- Hélène de Rothschild (1863–1947)
- Jacqueline Rebecca de Rothschild (1911–2012)
- James Armand de Rothschild(1878–1957)
- James Mayer de Rothschild (1792–1868)
- Marie-Hélène de Rothschild (1927–1996)
- Nadine de Rothschild (b. 1932)
- Nathaniel Robert de Rothschild(b. 1946)
- Nicole de Rothschild (1923–2007)
- Pauline de Rothschild (1908–1976)
- Philippe de Rothschild (1902–1988)
- Philippine de Rothschild (1933–2014)
- Salomon James de Rothschild (1835–1864)
- Louis Ralph Helguera von Rothschild-Haverkate (1939–2007)
- Saskia de Rothschild (b. 1987)
Rothschild properties
All branches of the Rothschild banking family are famous for their art collections and a number for their palatial estates. Among the Rothschild properties in France were:
- Abbaye des Vaux de Cernay - Cernay-la-Ville, Yvelines
- Château Clarke - Listrac-Médoc, Gironde
- Château de Ferrières - Ferrières-en-Brie, Seine-Maritime
- Château des Fontaines - Chantilly, Oise[12]
- Château Lafite - Pauillac, Gironde
- Château de Laversine - Saint-Maximin, Oise
- Château des Laurets - Puisseguin, Gironde
- Château Malmaison - Moulis-en-Médoc, Gironde
- Château de Montvillargenne - Gouvieux, Oise
- Château Mouton Rothschild - Pauillac, Gironde
- Organisation for Economic Co-operation and Development
- Château d'Armainvilliers, Seine-et-Marne
- Château Rothschild, Boulogne-Billancourt - Boulogne-Billancourt, Hauts-de-Seine
- Haras de Meautry - Touques, Calvados
- Hôtel Lambert - Paris
- Hôtel de Marigny - Paris. Today, a Presidential residence used for State visitors.
- Ambassadors from the United States
- Hôtel Salomon de Rothschild - Paris
- Talleyrand Building - Paris. Today, the embassy of the United States[13]
- Château de Vallière - Mortefontaine, Oise
- Villa Ephrussi de Rothschild - Saint-Jean-Cap-Ferrat on the Côte d'Azur
- Villa Rothschild, Cannes - Cannes on the French Riviera
See also
- Rothschild family
- Rothschild banking family of Austria
- Rothschild banking family of England
- Rothschild banking family of Naples
References
- ^ Baron Guy de Rothschild, Leader of French Arm of Bank Dynasty, Dies at 98 The New York Times, Thu 14 Jun 2007
- ^ Rothschild. "Guide to the business records of de Rothschild Frères, Paris". Archived from the original on 2012-03-31. Retrieved 2014-05-21.
- ^ "Baron Guy de Rothschild". Jewish Virtual Library. Retrieved 2014-05-21.
- ^ "Baron Guy de Rothschild, Leader of French Arm of Bank Dynasty, Dies at 98". New York Times. June 14, 2007.
- ^ "Rothschild | Wealth Management & Trust | 1945-present". Privatebankingandtrust.rothschild.com. Archived from the original on 2014-05-21. Retrieved 2014-05-21.
- ^ "Rothschild | Wealth Management & Trust | Rothschild Group". Privatebankingandtrust.rothschild.com. Archived from the original on 2014-05-21. Retrieved 2014-05-21.
- ^ "Banque Privée Edmond de Rothschild confirma oficialmente que no se va de Uruguay". infonegocios.biz. Retrieved 2024-01-04.
- ^ "Biografías: LOS ROTHSCHILD HISTORIA DE UNA DINASTIA". www.puroverso.uy. Retrieved 2024-01-04.
- ^ Tiscornia, Fabián. "SURA Investments Uruguay suma fondos de Edmond De Rothschild a estrategia". RankiaPro. Retrieved 2024-01-04.
- ^ "Sir Louis Ralph Helguera von Rothschild-Haverkate" (PDF).
- ^ Rothschild. "Research Project: project description". Archived from the original on 2013-08-23. Retrieved 2014-05-21.
- ^ "Corporate Seminar Chantilly: CapGemini campus mixes the historic architecture with learning & reflection". Les Fontaines. Archived from the original on 2014-05-21. Retrieved 2014-05-21.
- ^ "The George C. Marshall Center | Embassy of the United States Paris, France". France.usembassy.gov. 1944-08-25. Archived from the original on 2014-05-21. Retrieved 2014-05-21.
Further reading
- Ferguson, Niall. The House of Rothschild (2 vol, 1998), detailed economic and financial history
- Cassis, Youssef. "Financial Elites in Three European Centres: London, Paris, Berlin, 1880s–1930s." Business History 33.3 (1991): 53–71.
- Cameron, Rondo E. "French Finance and Italian Unity: The Cavourian Decade." The American Historical Review (1957): 552–569. in JSTOR
- Lottman, Herbert R. · The French Rothschilds: The Great Banking Dynasty Through Two Turbulent Centuries (New York: Crown Publishers, 1995) 416 pp.
- Heuberger, George. The Rothschilds: Essays on the History of a European Family (Rochester, NY: Boydell and Brewer, Inc., 1994). 420 pp.
- Plessis, Alain. "The history of banks in France." Handbook on the History of European Banks (1994) pp: 185–296.
- Lottman, Herbert R. (1995). Return of the Rothschilds: The Great Banking Dynasty Through Two Turbulent Centuries. London: I.B.Tauris. ISBN 978-1850439141.
- The Rothschilds; a Family Portrait by ISBN 1-56836-220-X(1998 reprint)
- The Rothschilds, a Family of Fortune by ISBN 0-394-48773-7
- Baron James: The Rise of the French Rothschilds by ISBN 0-86565-028-4
- Mouton Rothschild: Paintings for the Labels 1945-1981 by ISBN 0-8212-1555-8
- The Whims of Fortune: The Memoirs of Guy de Rothschild by ISBN 0-394-54054-9
- A History of the Jews by ISBN 5-551-76858-9
- Rothschild: The Wealth and Power of a Dynasty by ISBN 0-684-19018-4
- Writings by University of Florida professor of history Harry W. Paul
- Edmond de Rothschild, The Man who redeemed the Holy Land (Edmond de Rothschild. L'homme qui racheta la Terre sainte) by ISBN 2-268-04442-4
- The Rothschild Gardens by ISBN 0-8109-3790-5
- Le Sang des Rothschild by ICC Editions, Paris
- The Life and Legacy of Baroness Betty de Rothschild by ISBN 0-8204-7885-7
External links
- Website for groupe LCF Rothschild (English language)
- Website for Rothschild & Cie Banque (French language)
- French government Archives[permanent dead link] for de Rothschild Frères (French language)
- The Rothschild Archive - an international centre in London for research into the history of the Rothschild family. (English language)
- The Musical Associations of the Rothschild Family by Charlotte Henriette de Rothschild