A member of the Rothschild banking dynasty, financier Lord Jacob Rothschild died at the age of 87.

He started his work at NM Rothschild & Sons, the family bank, and then launched his wealth management fund.

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Born in Berkshire in 1936,Lord Rothschild studied history at Eton College and then Christ Church, Oxford.

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According to the previous year’s Sunday Times Rich List, the Rothschild family was estimated to be worth around £825 million.

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