The Rothschild in love with finance, Spain and good wine dies / Spain News

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“I ran into Rothschild yesterday, which is to say with all the wits and all the money of the Jews.”Balzac wrote in a letter dated 1833. Yes, the Rothschild surname does not require much preamble. It is automatically associated with power over finance, investment and collecting. For more than two centuries, the economic press has followed the economic and personal events of the different generations of the family. Now the heirs of the French branch mourn the death of Baron Benjamin de Rothschild (Neuilly-sur-Seine, France 1963), the only son of the late Baron Edmon Adolph de Rothschild. His life died too soon. Last Friday, at the age of 57, he died after suffering a cardiac arrest at his home in Pregny, Switzerland.

Since 1997, Benjamin de Rothschild, the sixth generation of this banking family, ran the banking group, which was named after his father. The Geneva-based Edmond de Rothschild Group manages assets valued at € 160 billion ($ 190 billion). And in the pyramid of his staff also appears his wife Ariane Langner, of Salvadoran origin, with whom he has been married since 1999.

Benjamin was passionate about hunting and speed. He liked to hit the gas on his Formula 1 Ferraris, take sharp turns on his racing bikes, and take control of his helicopter to relieve stress on a bad day at work. But the hobby that most united him to our country was wine. In November 2017, they bought the Palace of Samaniego, located in the Rioja Alavesa region, to give free rein to his passion for good wines. It is an eighteenth century mansion listed as a Monument of Historical Value that until now was rented. Despite its heritage value, the provincial government was forced to sell the building given the high cost of the renovations it requires.

Wine investment

In the summer of that year they opened the Macán wineries, in La Rioja, after signing an agreement with the owner of Vega-Sicilia Pablo Álvarez, to develop a new wine. The result was the construction of the Macán winery, in which they invested 22 million euros. Its official inauguration took place last summer, and was attended by, among others, the King Emeritus, Don Juan Carlos; as well as the Lendakari, Íñigo Urkullu.

Forbes magazine estimates de Rothschild’s wealth at $ 1.5 billion. He was a descendant of the Rothschild family, which for 300 years has managed European banks.

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