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The Rothschild family was Jewish and lived in Frankfurt (Germany). The beginning of the Rothschild empire began in the 18th century by Mayer Amschel Rothschild. At first, he used his family money to run a business. Later, he began to provide credit services to his customers. He took 5 sons to 5 different European cities to build up the family’s financial services network.
After more than 300 years, Rothschild has had the businesses in many different fields, however, they’re well-known by the banking network. The world knows them as the “legendary family” or the “super-rich family”, even the world’s richest family according to author Song Hongbing in “Currency War”.
Bankrate estimates that the Rothschild family owns $ 400 billion, other sources also say that they have $ 1,000 billion or $ 500 trillion, all of these numbers are only in the conspiracy. Actually, no one knows the exact numbers of their assets.
In fact, the Bloomberg Billionaires published the list of the 10 richest families in the world in 2018, it did not call the name the Rothschilds. However, Bloomberg admits that ranked families may not be the richest. The wealth of many families like the Rothschilds or the Rockefellers is so diverse and diffused that it is “exceptional”, unmeasurable.
“The ownership structure is opaque, which makes it hard to estimate the family wealth, although it is one of the richest in the world. the Financial Times once said.
Rothschild also doesn’t have the individuals on the top richest man in the world rankings because of its complex, unmeasurable assets, and power-sharing mechanism. The Financial Times says “The family empire is divided among a web of descendants and a few external shareholders”. All descendants share power and responsibility, multiple generations hold stakes in the core banking business.
Today, the most well-known of Rothschild’s representative is Alexandre Rothschild, he’s only 38 years old. He inherited his father, David de Rothschild, in April 2018 to become president of Rothschild & Co. investment bank. He was the 7th generation of the Rothschild family.
