Benjamin de Rothschild has passed away following a heart attack, according to a statement released by the Edmond De Rothschild group. He was 57.
"It is with deep regret and great sadness that Edmond de Rothschild Group announces the passing of Benjamin de Rothschild following a heart attack at his home in Pregny (Switzerland) in the afternoon of 15 January 2021," the statement read.
The statement praised de Rothschild's success at the helm of Edmond de Rothschild Holdings SA, established by his father, Edmond de Rothschild, in 1953. The group, known for its private banking and asset management business, manages $175 billion in assets.
Benjamin de Rothschild was a seventh generation descendant of the Rothschild dynasty's founder, Mayer Amschel Rothschild. His grandfather was the famed Zionist and Israel benefactor, Baron Edmond de Rothschild, who pledged huge amounts of money to founding Jewish settlements during the First Aliyah to Israel.
The French Rothschild family ranked 22nd on the list of the nation's richest in 2019, and 43rd on the Swiss list in the same year. According to Forbes, Benjamin De Rothschild was worth $1.5 billion.
He is suceeded by his wife Ariane, and their children.