Mayer Amschel Rothschild

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Mayer Amschel Rothschild (1744-1812)

Mayer Amschel Rothschild (February 23, 1744 – September 19, 1812) was the founder of the Rothschild family banking empire that would become one of the most successful business families in history. In 2005, he was ranked 7th on the Forbes magazine list of the The Twenty Most Influential Businessmen Of All Time. The business magazine referred to him as a "founding father of international finance".[1] The famous saying: "Give me the power to issue a nation's money, and I care not who writes the laws" has been attributed to him.[2]

He was born Mayer Amschel Bauer on February 23, 1744 in Frankfurt-am-Main, Germany to Moses Amschel Bauer. He changed his name to Rothschild (Red Shield in English) from Bauer, the previous family name, in reference to the red shield that was the official house sign and thus logotype of the family business, a bank and pawnshop founded by his father Moses.

Much of the early Rothschild fortune and rise to prominence was built on business dealings with Wilhelm IX, Landgrave of Hesse-Cassel. William had inherited what was purported to be among the largest fortunes in Europe and eventually came to depend substantially on Mayer for managing this fortune, particularly during and after the invasion and conquest of the area by Napoleon (William went into exile for several years, leaving his fortune in Mayer's hands).[3]

Marriage

On August 29, 1770 Mayer married Gutlé Schnapper (1753-1849). They had the following children:

  1. Schönche Jeannette Rothschild (born August 20, 1771 - died in 1859) - married Benedikt Moses Worms (1772- 1824)
  2. Amschel Mayer (born June 12, 1773 - died December 6, 1855)
  3. Salomon Mayer (born September 9, 1774 - died July 28, 1855) - founder of the Rothschild banking family of Austria
  4. Nathan Mayer (born September 16, 1777 - died on July 18, 1836) - founder of the Rothschild banking family of England
  5. Isabella Rothschild (born July 2, 1781 - died in 1861)
  6. Babette Rothschild (born August 29, 1784 - died March 16, 1869)
  7. Calmann (Carl) Mayer (born April 24, 1788 - died March 10, 1855) - founder of the Rothschild banking family of Naples
  8. Julie Rothschild (born May 1, 1790 - died June 19, 1815)
  9. Henriette ("Jette") (1791-1866) married Abraham Montefiore (1788-1824)
  10. James Mayer de Rothschild (1792-1868) - founder of the Rothschild banking family of France

Death

Mayer Amschel Rothschild died at Frankfurt-am-Main, Germany on September 19, 1812, and was buried in the Battonnstrasse cemetery in Frankfurt, Germany.

References

  1. ^ Noel, Michael (2005-07-29). "The Twenty Most Influential Businessmen Of All Time". Forbes. Retrieved 2007-07-14.
  2. ^ Peter Beter, Economics: The Manmade Causes of Worldwide Economic Disaster Retrieved on September 2007-Page 16
  3. ^ Fisher, Kenneth L. (1993). 100 Minds That Made The Market. Woodside, California: Business Classics. pp. 14–16. ISBN 0-931133-01-7.
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