Rothschild Family
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| Ethnicity | Jewish |
|---|---|
| Current region |
United Kingdom France Germany Switzerland |
| Place of origin |
Frankfurter Judengasse, Free Imperial City of Frankfurt am Main, Holy Roman Empire |
| Members | Mayer Amschel Rothschild (founder) |
| Distinctions | Barons (European nobility) |
| Traditions | Goût Rothschild |
| Name origin and meaning | "Red shield" in German |
The Rothschild family is a wealthy family descending from Mayer Amschel Rothschild, a court Jew to the German Landgraves of Hesse-Kassel, in the Free City of Frankfurt, who established his banking business in the 1760s. Unlike most previous court Jews, Rothschild managed to bequeath his wealth and established an international banking family through his five sons, who established themselves in London, Paris, Frankfurt, Vienna, and Naples.
During the 19th century, the Rothschild family possessed the largest private fortune in the world, as well as the largest private fortune in modern world history. The family's wealth was divided among various descendants and today their interests cover a diverse range of fields, including financial services, real estate, mining, energy, mixed farming, winemaking and nonprofits.
The Rothschild family has frequently been the subject of conspiracy theories, many of which are antisemitic in nature.
The first member of the family who was known to use the name "Rothschild" was Izaak Elchanan Rothschild, born in 1577. The name is derived from the German zum rothen Schild (with the old spelling "th"), meaning "with the red sign", in reference to the house where the family lived for many generations. (At the time, houses were designated by signs with different symbols or colours, not numbers.) The family's ascent to international prominence began in 1744, with the birth of Mayer Amschel Rothschild in Frankfurt am Main, Germany. He was the son of Amschel Moses Rothschild, (born circa 1710), a money changer who had traded with the Prince of Hesse. Born in the "Judengasse", the ghetto of Frankfurt, Mayer developed a finance house and spread his empire by installing each of his five sons in the five main European financial centres to conduct business. The Rothschild coat of arms contains a clenched fist with five arrows symbolising the five dynasties established by the five sons of Mayer Rothschild, in a reference to Psalm 127: "Like arrows in the hands of a warrior, so are the children of one's youth." The family motto appears below the shield: Concordia, Integritas, Industria (Unity, Integrity, Industry).
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