Rothschild is the richest family of all time

If you learn about the rich and powerful families in the world, you have heard the name of Rothschild, a super-rich and influential financial family in the world. Rothschild emerged in the 18th century, flourishing for a long time and still has many descendants. Join us to find out who this family is and why they are so rich!

Rothschild is one of the world's largest financial advisory groups, owning around 2,800 employees in 40 countries worldwide. Group consulting strategy, M&A (business operations), asset management, fundraising advice and services for governments, companies and individuals worldwide.

Some informal reports that the Rothschild business family holds $ 350 billion worth of assets across the world. However, many argue that this figure is too small for the reality and they judge that the Rothschilds hold a fortune of up to $ 1,000 billion. Rothschild is regarded as the world's most prestigious and powerful family. Even the word "Rothschild" can be identified with wealth and power, something that no family can do.

Who is the Rothschild family?

The Rothschild family is a Jewish family originating from Frankfurt, Germany. They created a financial-banking empire in Europe beginning in the late 18th century, which even surpassed those of the strongest banking industry of all time like Baring and Berenberg.

The Rothschild family's career began in the 16th century, from bankers - Mayer Amschel Rothschild. The Jews in Germany at that time were treated very badly and always despised. They must live in a designated area with extremely poor and difficult living conditions. But it was the burdens that motivated Amschel. He began to prosper by doing business in the financial sector, quickly succeeding and brought his family from poor farmers, living in crowded rat areas, into rich and famous families the best in the history of the world.

In the nineteenth century, when they reached the peak of fame, it was thought that the Rothschild family possessed the world's largest fortune in that time in particular and the entire history of modern world in general. Then, according to the conjecture, this fortune has decreased as well as has been divided for hundreds of descendants in the family. Today, Rothschild's businesses are much smaller than in the 19th century, although they do business in many areas, including: mining, banking, energy, agriculture, and production. wine export and charity organizations.

Why is the Rothschild family so rich?

The Rothschild family can be considered pioneers in international finance. Mayer Amschel Rothschild - Rothschild's ancestor, the first in the family to open a bank, was chosen by Forbes as the seventh powerful person of all time and the inventor of the modern banking model. . Simply put, Mayer was the one who understood and was willing to spend money to make money.

Initially, he started his business with currency exchange between European countries - serving the wealthy class including princes and princesses. Revolutions (both national revolution and technological revolution) really gave Mayer luck. During the French Revolution, Mayer benefited from providing British coins to Austrian soldiers. He was also sensitive to the industrial revolution and became a large-scale importer of British textiles. His five sons are likened to arrows targeting major European centers such as Frankfurt, Naples, Vienna, France and London. This is also the first step to lay the foundation for the Rothschild family's strong global banking empire.

These 5 banks are completely independent but operate very closely, forming a special banking and financial system that can dominate the financial market and greatly affect the European economy at the same time. there. Fearing the family's property would be dispersed by the expansion of marriage through marriage, Mayer prohibited children and granddaughters from inheriting wealth directly. He even allowed marriage with blood. The Rothschilds quickly reached the Americas and dominated global finance. Journalist Niall Ferguson described the power of the Rothschild family through the writing "during the 19th century, NM Rothschild was the world's largest bank - the bank that dominated the international bond market."

Readers can read the book Currency War if you want a better view of how Rothschild makes money.

What does the Rothschild descendant do now?

The descendants of the Rothschild family are now both successful and wealthy. The most famous of them is probably Nathaniel 'Nat' Rothschild - the youngest son and the only son of the four children of Jacob Rothschild, the Fourth Count Rothschild and Serena Mary Dunn. He now lives mainly in Switzerland and runs JNR Limited, a consulting firm specializing in natural resource transactions in emerging markets.

There are also many other names including Hannah Rothschild, Robert Baron Rothschild and Victoria Katherine Rothschild. Although these names are not so well known, one thing is certain: Rothschild is one of the richest and most influential families in world history. Without them, the face of England and Europe would have been very different.

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