Benjamin de Rothschild

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Benjamin de Rothschild
Born (1963-07-30) 30 July 1963 (age 57)
Neuilly-sur-Seine, France
NationalityFrench
EducationInstitut Florimont
Pepperdine University
OccupationBanker
Net worthUS$1.9 billion (January 2020)[1]
Spouse(s)
(
m. 1999)
ChildrenNoémie de Rothschild, Alice de Rothschild, Eve de Rothschild, Olivia de Rothschild
Parent(s)Edmond Adolphe de Rothschild
Nadine Lhopitalier

Benjamin de Rothschild (born 30 July 1963 in Neuilly-sur-Seine, France) is a French banker, owner of the Edmond de Rothschild Group since 1997. He is the son of the Edmond Adolphe (1926-1997) and Nadine (1932–) de Rothschild. He is married to Ariane de Rothschild. In 2000, he created the professional offshore sailing racing team Gitana Team.

Family[edit]

Benjamin de Rothschild is a seventh-generation descendant of the dynasty founder Mayer Amschel.[2] He is the great grandson of Edmond James de Rothschild (1845-1934) and Adelheid von Rothschild (1853-1935), the grandson of Maurice de Rothschild (1881-1957) and Noémie Halphen (1888-1968), and the only child of Edmond Adolphe and Nadine (née Lhopitalier) de Rothschild.

On 23 January 1999, Benjamin de Rothschild married Ariane Langner. They have 4 daughters.[2]

His family wealth ranked 22nd on Challenges 2019 list of French fortunes,[3] 43rd on Bilan 2019 list of Swiss fortunes,[4] and 1349th on Forbes 2019 list of world billionaires.[1] He is considered one of the richest members of the Rothschild family.[5]

Biography[edit]

Education[edit]

Benjamin de Rothschild studied at the Swiss Institut Florimont and holds a BA in Business Management from Pepperdine University.[2]

Banking[edit]

Following his graduation, Benjamin de Rothschild worked in family-owned banks in California.[2] In 1989, he came back to Europe and launched the Compagnie de Trésorerie Benjamin de Rothschild specialized in advanced financial risk management.[6]

After the death of his father in 1997, he succeeded him as chairman of the Compagnie Financière Edmond de Rothschild.[7] He restructured the group's organization around key activities such as asset management and M&A.[8] In 1999, he launched Edmond de Rothschild Investment Services in Israel[9] where he also succeeded to his father at the helm of the Caesarea Rothschild Foundation.[10] In 2010, Compagnie Financière Edmond de Rothschild became the Edmond de Rothschild Group.[11]

In March 2015, Benjamin de Rothschild named his wife Ariane de Rothschild CEO of the Group, and Chairwoman of the executive committee.[12] In 2016, all the lifestyle-oriented assets of the group were reorganized under the Edmond de Rothschild Heritage label.[13] In March 2019, the Benjamin de Rothschild family made the Edmond de Rothschild Group 100% privately-owned. The group's French bank was integrated to the Swiss bank which subsequently became the Group's main holding structure. Ariane de Rothschild became Chairman of the new group and Vincent Taupin CEO.[14][15]

Sailing[edit]

Bow of Gitana 16.

In 2000, Benjamin de Rothschild purchased the 62-foot long Elf Aquitaine and founded the professional sailing team Gitana Team, walking in the footsteps of the family tradition but eventually expanding it to multihulls sailboats.[16][17] The team's first trimaran was the Gitana IX (former Elf Aquitaine), followed by the Gitana X, entirely developed by the team.[18] The Gitana VII won the Route du Rhum 2006.[17]

In 2014, the team decided to build a new, state-of-the-art yacht. In 2015, the team mounted foiling daggerboards and T-rudders on a Multi One Design 70ft to make it "fly" over water.[19] On 17 July 2017, the 32x23-meter Maxi Edmond de Rothschild (Gitana 17) was introduced, the offshore racing's first maxi-multihull designed to fly in the open ocean.[20] It was decorated by the street artist Cleon Peterson.[21] The Maxi won the 48th edition of the Rolex Fastnet Race in August 2019, breaking the record set in 2011 by Loïck Peyron (Banque Populaire V)[22] and the Brest Atlantiques in December 2019 (skippers Charles Caudrelier-Franck Cammas for both races).[23]

Vineyards - farms[edit]

Benjamin de Rothschild inherited the Château Clarke wine estate purchased by his father in 1973. He renovated the fermentation room [24] and hired the oenologist Michel Rolland in 1998 to perfect the Château's vines and supervise the family's new vineyard ventures in South Africa and Argentina.[25][5]

In 1997, Benjamin de Rothschild initiated a joint-venture with Anton Rupert to create the Rupert & Rothschild Vignerons vineyards in South Africa.[26] He gathered wine enthusiasts (including Laurent Dassault) to create the wine estate Le Clos de los Siete in Argentina's Uco Valley, producer of the Flechas de los Andes wine.[27] In 2003, he acquired the Château des Laurets vineyards in Bordeaux.[28] In 2005, he launched Champagne Barons de Rothschild with Baron Éric de Rothschild and Baroness Philippine de Rothschild.[29] In 2009, he launched a joint-venture with the Spanish winery Vega Sicilia.[30] In 2012, he acquired 26 hectares of vines in the Marlborough Region to produce the Rimapere wine.[31] Benjamin de Rothschild is also the largest stakeholder in the Château Lafite Rothschild wine estate.[32]

The baron and his wife are also the owners of the farm La Ferme des 30 Arpents in the countryside outside of Paris, the only producer of brie de Meaux "appellation d'origine contrôlée".[33]

See also[edit]

Further reading[edit]

  • Diane Elisabeth Poirier (November 2016). Gitana: 140 Years of Rothschild Yachting History. Harry N. Abrams. ISBN 978-1419722806.
  • Camille Meyer-Léotard; Erik Orsenna (21 November 2009). L'art du geste, engagement et passion de Benjamin et Ariane Rothschild (in French). Beaux Livres. ISBN 978-2845973602.

References[edit]

  1. ^ a b "Benjamin de Rothschild". Forbes.com. Retrieved 6 March 2020.
  2. ^ a b c d Eytan Avriel; Guy Rolnik (5 November 2010). "Family Values". Haaretz.com. Retrieved 6 March 2020.
  3. ^ "#22 Benjamin de Rothschild". Challenges.fr (in French). 3 July 2019. Retrieved 6 March 2020.
  4. ^ "43. Famille Benjamin de Rothschild". Bilan.ch. 2019. Retrieved 6 March 2020.
  5. ^ a b Per-Henrik Mansson (6 December 2000). "The Richest Rothschild". Winespectator.com. Retrieved 6 March 2020.
  6. ^ "Group Edmond de Rothschild". Rothschildarchive.org. Retrieved 6 March 2020.
  7. ^ Prial, Frank J. (4 November 1997). "Baron Edmond de Rothschild, 71, French Financier, Dies". The New York Times. Retrieved 26 April 2010.
  8. ^ "Benjamin veut rajeunir la banque de son père, Edmond". Lesechos.fr (in French). 5 July 2002. Retrieved 6 March 2020.
  9. ^ Orna Raviv (18 November 1999). "Rothschilds Return". Globes.co.il. Retrieved 6 March 2020.
  10. ^ "CEO's Greeting". Caesarea.com. Retrieved 6 March 2020.
  11. ^ "Changement de nom et nouveau blason". Edmond-de-rothschild.com (in French). 4 January 2010. Retrieved 6 March 2020.
  12. ^ Chad Bray (14 January 2015). "Edmond de Rothschild Group Names Chairman's Wife as C.E.O." Nytimes.com. Retrieved 6 March 2020.
  13. ^ "Edmond de Rothschild Heritage: an entrepreneurial laboratory, Edmond de Rothschild". 19 January 2017. Retrieved 6 March 2020.
  14. ^ "Benjamin de Rothschild family to take private bank Edmond de Rothschild private". Wealthadviser.com. 13 March 2019. Retrieved 6 March 2020.
  15. ^ James Beech (22 March 2019). "Family takes Edmond de Rothschild Bank private". Campdenfb.com. Retrieved 6 March 2020.
  16. ^ "Rothschild takes pleasure in sailing". CNN. 18 November 2002. Retrieved 26 April 2010.
  17. ^ a b "Gitana, a legendary saga". Gitana-team.com. Retrieved 6 March 2020.
  18. ^ Philippe Echelle (November 2018). "We sailed aboard the Ultim foiling trimaran Gitana17:Edmond de Rothschild, Multi Hulls". Retrieved 6 March 2020.
  19. ^ Toby Hodges (30 July 2015). "VIDEO: The first foiling MOD70 – Gitana Team's Edmond de Rothschild flies during her first trials!". Yachtingworld.com. Retrieved 6 March 2020.
  20. ^ "Gitana unveils Maxi Edmond De Rothschild". Asia-pacificboating.com. 3 April 2017. Retrieved 6 March 2020.
  21. ^ Jacques Guyader (20 July 2017). "Ariane de Rothschild, la baronne, Cleon Peterson, le graffeur et les voiles guerrières". Ouest-france.fr (in French). Retrieved 6 March 2020.
  22. ^ "Rolex Fastnet Race 2019: Win for Maxi Edmond de Rothschild". Catsailingnews.com. 4 August 2019. Retrieved 6 March 2020.
  23. ^ "Brest Atlantiques - Maxi Edmond de Rothschild under the 1,000-mile barrier!". Sail-world.com. 2 December 2019. Retrieved 6 March 2020.
  24. ^ "Fine Wine Importer Wilson Daniels & Edmond de Rothschild Heritage Announce New Distribution Partnership". Prnewswire.com. 17 September 2018. Retrieved 6 March 2020.
  25. ^ Per-Henrik Mansson (25 January 1999). "Chateau Clarke Turns to Consultant for Help". Winespectator.com. Retrieved 6 March 2020.
  26. ^ "Great Families of Cape Wine: Rupert & Rothschild Vignerons". Starwinelist.com. 27 November 2019. Retrieved 6 March 2020.
  27. ^ Lucy Jenkins (22 November 2016). "Bordeaux Liquid Gold takes on Flechas de los Andes". Thedrinksbusiness.com. Retrieved 6 March 2020.
  28. ^ "Château des Laurets Cuvée Baron Edmond 2004". Lefigaro.fr (in French). 17 April 2009. Retrieved 6 March 2020.
  29. ^ Adam Montefiore (15 November 2018). "Wine Talk: Five arrows, three Rothschilds, one champagne". Jpost.com. Retrieved 6 March 2020.
  30. ^ "Benjamin de Rothschild & Vega Sicilia". Spanishwinelover.com. Retrieved 6 March 2020.
  31. ^ Rupert Millar (30 August 2017). "8. Benjamin de Rothschild". Thedrinksbusiness.com. Retrieved 6 March 2020.
  32. ^ Elin McCoy (2 November 2018). "Spain's Best Winemaker Is on the Move. Here Are What Bottles to Buy". Bloomberg.com. Retrieved 6 March 2020.
  33. ^ Margaret Kemp (4 November 2016). "A bucolic oasis for cheese connoisseurs just outside Paris". Ft.com. Retrieved 6 March 2020.

External links[edit]