Historical Facts about the Wealthiest family in the world. The Rothschild Family

Updated: Apr 27

The Rothschild Family is the wealthiest family in all of human history

This may come as a bit of a surprise, as you can browse through Forbes’ extensive rich list and not find a single mention of the name ‘Rothschild’ in their list of the 500 wealthiest people on Earth. This is because the Rothschild’s wealth has been distributed among hundreds descendants and a few external shareholders throughout the years, and has therefore diluted each individual’s personal fortune. The ownership structure is opaque, which makes it hard to estimate the family wealth, although it is one of the richest in the world.

Rothschild family house, at the site of Château de la Muette, Paris. Built as a family residence by the secondary branch of the French Rothschild family,
One of many luxurious Rothschild Family mansion

The Rothschild banking Dynasty was founded in 1798 by Mayer Amschel Rothschild (1744–1812). His 5 sons would venture out establish the world’s largest banking dynasty setting up banks in London, Paris, Vienna, Naples and Frankfurt. The family network was also to provide Nathan Rothschild time and again with political and financial information ahead of his peers, giving him an advantage in the markets and rendering the house of Rothschild still more invaluable to the British government. During the early part of the 19th century, the Rothschild family's London bank took a leading part in managing and financing the subsidies that the British government transferred to its allies during the Napoleonic Wars. In 1813 when Nathan Rothschild realized Napoleon's war was a threat to the Rothschild family business practices, so he stepped in to help providing huge sums of money financing the British allies in defeat the French emperor Napoleon.

Rothschild's had arranged marriages with their cousins

Go Ahead Kiss your Cousin

Mayer Amsche Rothschild, founder of the famous banking dynasty successfully kept the fortune in the family with carefully arranged marriages. Of fifty-eight marriages contracted by the descendants of Mayer Rothschild more than one-half were often between first- or second-cousins. Mayer Rothschild’s will barred female descendants from any direct inheritance of the family fortune. Without an inheritance, female Rothschild family members had few possible marriage partners of the same religion and suitable economic and social stature, except other Rothschilds. Of Nathan's seven children, four married Rothschild first cousins. Four of Mayer’s granddaughters married grandsons, and one even married her uncle. By the late 19th century, however, almost all Rothschild family members had started to marry outside the family, usually into the aristocracy or other financial dynasties.


Nathan Mayer Rothschild Won the Napoleonic Wars

The Napoleonic Wars began in 1803 and went on across the continent of Europe for 12 years before coming to an end in 1815. In 1813 when Nathan Rothschild realized Napoleon's war was a threat to the Rothschild family business practices, so he stepped in to help providing huge sums of money to financing the British allies in defeat the French emperor Napoleon. This started with the organization of precious metal shipments to the armies the Duke of Wellington had stationed across Europe. Nathan Mayer Rothschild was the sole most important person in terms of financing the British war efforts spending $10 million in 1815 alone to end the war which is equivalent to nearly $900 million USD today!


Nathan Mayer Rothschild gains control of the British Economy

The battle of Waterloo was fought in June 1815 and Rothschild couriers were able to deliver news of the British victory to Nathan a full day ahead of government messengers. The legend states that Nathan Mayer ended up at the London Stock Exchange and, in a bid to cause prices to crash, promptly began to sell British government treasuries. Everyone else followed suit, believing that the Battle of Waterloo was lost. At the last minute, Nathan used his agents to secretly buy up nearly the entirety of the British government debt at a record low price. When news broke of Britain’s victory at Waterloo, the prices of these bonds soared upwards, resulting in immense profit for the Rothschild dynasty. In 2005, Forbes recognized Nathan Mayer Rothschild as the seventh-most influential businessman of all time.

Rothschild Family’s involvement in political and world affairs

The Rothschild Family’s involvement in political and world affairs is their involvement in Brazil's bid for independence in 1820 from Portugal. There were multiple battles during this time until the Portuguese agreed that Brazil would be declared independent if they paid a compensation fee to the Portuguese government. This fee was £2 million sterling, and was funded by none other than Nathan Mayer Rothschild. Brazil was also required to take on a debt that the Portuguese government had to Nathan Mayer’s company, N M Rothschild & Sons. The Rothschild Family collected the interest on both of these loans and profited greatly increasing their fortunes from Brazil's independence.


The Rothschild family were the main backers in the Suez Canal

Lionel Nathan Freiherr de Rothschild most famous undertaking was financing the British government's purchase of the Suez Canal shares from Egypt for £4 million. The Rothschild Family were the main backers and massively influential in the decision for Britain to purchase shares in the canal. This actually led to controversy because then British Prime Minister Benjamin Disraeli had to act with maximum secrecy and did not consult the Parliament when he made the decision. The purchase of the Suez Canal Company gave bankers more power than they would ever know again. Lionel Nathan de Rothschild exacted a steep and controversial fee: a 2 1/2 percent commission on the advance, plus 5 percent annual interest. The sea journey that had stretched 10,800 nautical miles from London to its imperial jewel, India, when the Suez Canal opened in 1869 the journey became 6,300 miles.


Description	 English: The headquarters of the Rothschild & Co Bank Date	27 April 2013, 15:51:08 Source	https://www.e-architect.co.uk/london/rothschild-bank Author	Adrian Welch
The headquarters of the Rothschild & Co Bank

Gold Price fixing by the Rothschild Family

Gold had become one of the Rothschild family’s most valuable assets and in 1919 the gold price fixing historically took place at the London offices of N M Rothschild & Sons in St Swithin's Lane. On September 12 1919 at 11:00 am, the five principal gold bullion traders and refiners of the day (N.M. Rothschild & Sons, Mocatta & Goldsmid, Pixley & Abell, Samuel Montagu & Co., and Sharps Wilkins) performed the first London gold fixing, thus becoming the original five founding members. The first few fixings were conducted by telephone until the members started meeting at the Rothschild offices.

Until 1968, the price was fixed only once a day, with a second daily fixing being introduced at 3 p.m. Since 5 May 2004 the current participants in the fixing are Barclays, the Bank of China, Bank of Communications, Goldman Sachs, HSBC Bank USA, JPMorgan Chase, Morgan Stanley, Société Générale, Standard Chartered, Scotiabank, the Toronto-Dominion Bank, and UBS the gold price fixing takes place by a dedicated telephone conferencing system.

Rothschild Family controls the largest mining corporation in the world

The company was founded in 1873, when a multinational consortium of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. At the end of the 1880s, control of the firm passed to the Rothschild family, who greatly increased the scale of its mining operations into one of the world's largest metals and mining corporations through a long series of mergers and acquisitions to place itself among the world leaders in the production of many commodities, including aluminum, iron ore, copper, uranium, and diamonds. Although primarily focused on extraction of minerals, Rio Tinto also has significant operations in refining, particularly for refining bauxite and iron ore. The company has operations on six continents, but is mainly concentrated in Australia and Canada, and owns its mining operations through a complex web of wholly and partly owned subsidiaries.