The Rothschilds is one of the wealthiest families in the world. It gained its fortunes from the banking conglomerate, established in 18th century. The family originates from Frankfurt, from Austrian and British nobility- Barons of the British and Habsburg Empires. The family reached the peak of its wealth in 1800s. At the time they were the richest family on Earth, as well as the largest fortune owners in modern history. Rothschild net worth is currently estimated at $400 billion.
Rothschild net worth, at the time coming primarily from the bullion trade, was quite formidable even before the Napoleonic wars broke up in 1803. During the next ten years it reached such an extent, that Nathan Mayer Rothschild, a banker and financer of German-Jewish decent, was able to almost single-handedly finance the British war against French Emperor and to provide subsidies for Britain’s colonial allies in this war effort.
He and his brother coordinated the families business in the continent and eventually developed a vast network of couriers, agents and shippers that transported gold across the fighting Europe.
The same network provided Rothschilds with invaluable political and financial information, giving them a commercial advantage against their business competitors.
The wealthy brothers were one of the first men to learn about the British victory against Napoleon. At that moment Nathan calculated that the island’s success will cause a huge increase in the value of British government bonds and hurried to make an investment. This financial move resulted in a sudden increase in Rothschild net worth.
Although this family had no serious competitors in finance sector in the 19th century and is still considered to be one of the wealthiest in the world, Rothschild net worth was never on the public display. Its members tried to keep a low-key public profile and the only gestures that spoke about their enormous fortunes were their incredibly generous charity donations. During the last two centuries The Rothschilds have donated vast art collections and some famous estates. Although their wealth today is somewhat less impressive than it used to be back in the 19th century, Rothschilds still control large business conglomerates in fields of asset management, financial advice, banking and wine.
During the last couple of centuries the continuing Rothschilds’ success encourage people to create various conspiracy theories, concerning the real influence of the family. Some has speculated, that Rothschilds not only financed, but encouraged international wars to create more favorable environment for their trade business and financial machinations. However, a famous historian N. Ferguson has doubted such views, stating that war was just as threatening to this family as it was to the rest of the world. Had Britain lost the war, the family’s investments in government bonds would have gone to waste and Rothschild net worth would have disappeared with them.