NEW YORK (AP) – Benjamin de Rothschild, who oversaw the banking empire started by his father in 1953, died. He was 57 years old.
The Edmond de Rothschild Group, the company of which he was president, said de Rothschild died of a heart attack on Friday afternoon at his home in Pregny, Switzerland.
Since 1997, Benjamin de Rothschild headed the banking group, which was named after his father. Today, Edmond de Rothschild Group says it manages assets worth 160 billion euros, or $ 190 billion.
Forbes magazine estimates de Rothschild’s net worth at $ 1.5 billion. He is a descendant of the Rothschild family, which has a history of almost 300 years running European banks.
In a press release In announcing his death, the Edmond de Rothschild Group said that de Rothschild was passionate about finance, sailing, cars and wine. He was also a philanthropist, involved in the Adolphe de Rothschild Foundation Hospital, the company said.
He leaves his wife, Ariane de Rothschild, and their four adult daughters.