Mayer Amschel Rothschild

About Mayer Amschel Rothschild

Who is it?: Banker
Birth Day: February 23, 1744
Birth Place: Frankfurt, Germany, German
Died On: 19 September 1812(1812-09-19) (aged 68)\nFrankfurt, Grand Duchy of Frankfurt, Confederation of the Rhine
Birth Sign: Pisces
Known for: Rothschild banking dynasty
Spouse(s): Guttle Schnapper (m. 1770)
Children: Schönche Jeannette Rothschild Amschel Mayer von Rothschild Salomon Mayer von Rothschild Nathan Mayer von Rothschild Isabella Rothschild Babette Rothschild Carl Mayer von Rothschild Julie Rothschild Henriette Rothschild James Mayer de Rothschild
Parent(s): Amschel Moses Rothschild Schönche Rothschild

Mayer Amschel Rothschild Net Worth

Mayer Amschel Rothschild was bornon February 23, 1744 in Frankfurt, Germany, German, is Banker. Mayer Amschel Rothschild was a German Jewish Banker who founded the prestigious Rothschild banking dynasty. Commonly referred to as the ‘Founding Father of International Finance,’ he established an extensive business that encompassed not only banking and finance, but also covered other fields like real estate, mining, and winemaking. In 2005, Forbes came out with a list of ‘The Twenty most Influential Businessmen of all time’ where he was placed at the seventh position. During the later part of the 19th Century, the Rothschild family possessed the largest private fortune and wealth in the world. The Rothschilds are also among the most valuable private families in today’s context. The Rothschild dynasty began in the city of Frankfurt which was a major center of trade in the 18th century, with many bankers and wholesale merchants. Towards the late 19th and early 20th centuries, aside from owning the largest banks in the world, Mayer’s descendants engaged in mining, energy, real estate, and winemaking ventures as well. Their affiliation with various political and military rulers combined with the fact that the Rothschild family had finalized major economic deals in several superpower nations have led to several conspiracy theories regarding the family. It is generally believed that the family has major connections with all the leaders of the world and they work together to control the economy via domination of manufacturing industries, finance, and the arms trade.
Mayer Amschel Rothschild is a member of Business People

💰 Net worth: Under Review

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Biography/Timeline

1577

The ancestry of the Rothschilds can be traced back to 1577 to Izaak Elchanan Rothschild (Isaac (Isaak) Elchanan Bacharach, zum Hahn), whose name is derived from the German zum rothen Schild (with the old spelling "th"), meaning "with the red sign", in reference to the house where the family lived for many generations. (At the time, houses were designated by signs with different symbols or colors, not numbers.) The name Rothschild in Yiddish language means Red Coat as in heraldic Coat of arms. His grandchildren and descendants took this name as the family name and kept it when they relocated in 1664 to another house in the Judengasse—Hinterpfann ("[house in] the back of the saucepan")—which became the family's home and Business location through to the early 19th century.

1744

Mayer Amschel Rothschild was born in 1744 in the Judengasse, the Jewish ghetto of Frankfurt am Main, Holy Roman Empire, one of eight children of Amschel Moses Rothschild (d. 1755) and his wife Schönche Rothschild (née Lechnich, d. 1756).

1757

With the help of relatives, Rothschild secured an apprenticeship under Jacob Wolf Oppenheimer, at the banking firm of Simon Wolf Oppenheimer in Hanover, in 1757. The grandson of Samuel Oppenheimer taught Rothschild useful knowledge in foreign trade and currency exchange, before he returned to his brothers' Business in Frankfurt in 1763. He became a dealer in rare coins and won the patronage of Crown Prince Wilhelm of Hesse (who had also earlier patronised his father), gaining the title of "Court Factor" in 1769. Rothschild's coin Business grew to include a number of princely patrons, and then expanded through the provision of banking services to Crown Prince Wilhelm, who became Wilhelm IX, Landgrave of Hesse-Kassel in 1785. Business expanded rapidly following the French Revolution when Rothschild handled payments from Britain for the hire of Hessian mercenaries.

1798

In 1798, third-born son Nathan Mayer Rothschild was sent to England to further the family interests in textile importing with £20,000 capital (equivalent of £1.9 million in 2017)—the first foreign branch. Nathan became a naturalized citizen in 1804 and established a bank in the City of London. In 1810, Mayer entered into a formal partnership agreement with his three eldest sons. The youngest son Jacob was sent to Paris in 1811, enhancing the family's ability to operate across Europe. This enabled them to profit from the opportunity of financing Wellington's armies in Portugal, requiring the sourcing of large quantities of gold on behalf of the British government.

1806

In 1806, Napoleon invaded Hesse in response to Wilhelm's support for Prussia. The Landgrave went into exile in the Duchy of Holstein, but Rothschild was able to continue as his banker, investing funds in London. He also profited from importing goods in circumvention of Napoleon's continental blockade.

1812

Rothschild died on 19 September 1812 in Frankfurt am Main. He was buried at the old Jewish cemetery in Frankfurt, located next to the Judengasse. His grave still exists. A park was named after him, and also a street (Rothschildallee). In 1817 he was posthumously ennobled by the Emperor Francis I of Austria. His descendants furthered the family fortune across Europe—the "five arrows" of banking. Eldest son Amschel Mayer took over the Frankfurt bank and Salomon moved to Vienna. Nathan turned the London branch into one of Europe's most powerful banking institutions (N. M. Rothschild & Sons), Calmann (gentrified to "Carl") set up a branch in Naples and Jacob ("James") opened de Rothschild Frères, becoming a giant of Finance in Paris.

2019

By the early years of the 19th century, Rothschild had consolidated his position as principal international banker to Wilhelm IX and began to issue his own international loans, borrowing capital from the Landgrave.