Post by Admin on Dec 6, 2015 0:35:45 GMT
Published on Feb 23, 2015
The Rothschild family is a family descending from Mayer Amschel Rothschild, a court Jew to the German Landgraves of Hesse-Kassel, in the Free City of Frankfurt, who established his banking business in the 1760s.Unlike most previous court Jews, Rothschild managed to bequeath his wealth, and established an international banking family through his five sons
Five lines of the Austrian branch of the family have been elevated to Austrian nobility, being given five hereditary titles of Barons of the Habsburg Empire by Emperor Francis II in 1816. Another line, of the British branch of the family, was elevated by Queen Victoria, who granted the family two hereditary titles of Baronet and Baron (1885).
During the 19th century, when it was at its height, the Rothschild family is believed by some to have possessed the largest private fortune in the world, as well as the largest private fortune in modern world history The family's wealth is believed to have subsequently declined, as it was divided amongst hundreds of descendants. Today, Rothschild businesses are far less well known than they were throughout the 19th century, although they encompass a diverse range of fields, including finance, real estate, mining, energy, mixed farming, wine, and charities.
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