Rothschild family, or Rothschilds, are one of the oldest royal family in Europe history which still survives. Starting from 18th century, German oriented Jewish family set up several banks in different parts of Europe, so they were very important at international finance sector from the beginning. The name Rothschild is also come from red shield.
The Family has started to create its popularity with Mayer Amschel Rothschild’s born in Frankfurt. He created a financial institution there. Since its very popular to have mercenaries in Europe in that times, Rothschild work with king Williem to finance military needs of the king. After gaining lots of money, he sent five of his sons to different cities in Europe: London, Paris, Vienna, Naples and Frankfurt. After his sons also set up financial institutions of those cities Rothschilds became owner of largest private fortunes of modern history of the world.
Since the family has close relationships with kings in different European countries, they are known as a strong power of lobbying when we consider the hardness of communication in that times however he has sons in important centers of Europe. On the other hand it also causes some conspiracy theories regarding the house of Rothschild.
The Napoleonic Wars
Before Napoleonic Wars, the family already became one of the richest in the world. However with the war the family also earn lots of money as well. Mayer Amschel Rothschild himself also finance the war. He has such information power that he learn the Waterloo victory of England even before the British officials. With this information, the family manipulate the stock market and doubled their money as well.
Nathan Mayer Rothschild officially create first job in 1806. In 1811 the firm became N M Rothschild and Sons. And the company is still operates with the same name and address. On the other hand since the family divided into different part of the Europe and the family rules regarding the working with frontal company, it’s too hard to know the exact fortune of the family but they are accepted as one of the richest family in the world.
According to testament of Mayer Amschel Rothschild, oldest man in the family would become the ruler of the family. The money wouldn’t divided to the members and cousins should marry each other for not to lose any money to outside of the family. Secrecy is also key for the family so it’s hard to know everything of them.
In modern times Rothschild Continuation Holdings, control most of banks and companies of the family. Also British and London and other centers also keep their way with coordinate. In addition to financial institution, they also work in wine, art and other investment activities all over the world.