Rothschild estate sale

The Rothschild family will try to help get his assets out of US sanctions. This was reported by the Financial Times yesterday. The billionaire needs to sell a controlling stake in the En + holding (combines energy assets and a stake in UC Rusal). The buyer will be sought by Rothschild & Co, the flagship of the Rothschild banking group. There is not much time left for such a big deal. The US Treasury ordered UC Rusal's counterparties to curtail contracts with the aluminum giant by October 23. nine0005

For the Rothschilds, Deripaska is far from being the only client from Russia. The world famous dynasty of European financiers has been actively working in the countries of the former USSR for a long time. Forbes remembered the key projects in which the Rothschilds and billionaires participated, with whom they have partnerships.

Old friends

“We were steamed by a 25-year-old bathhouse attendant, a man who has perfected himself in the art of bathing all his life. Then we jumped into the icy water. It was a great pleasure. The next day, everyone woke up refreshed and with a feeling of a beautiful day, ”this is how Nathaniel Rothschild, heir to the British branch of the Rothschilds, recalled his trip to Siberia at the end of January 2005. Together with Rothschild, Oleg Deripaska, European Commissioner Peter Mendelsohn, Canadian businessman Peter Munch and Rothschild's friend Sebastian Taylor were steaming in the bath. The story of this weekend, seven years later, became part of the testimony of Nathan Rothschild, which he gave in the High Court of London. The 14th Royal Court heard a story about the features of the Russian bath as part of the consideration of the Rothschild lawsuit against the publishing house Associated Newspapers. The cause of the lawsuit, which was later dismissed, however, was an article in The Daily Mail (part of the Publishing House). It claimed the existence of some kind of "secret connection" between Rothschild Jr. and Oleg Deripaska, which allowed the latter to conclude a deal to sell two factories to Alcoa. nine0005

It was after this material that the close relationship between the Russian billionaire and the heir to the Rothschild banking house became widely known. The history of their relationship has been going on since 2002, when 31-year-old Nathan Rothschild met Deripaska and soon headed the supervisory board of En+ Group. Rothschild & Co acted as a financial advisor at the IPO of UC Rusal in 2010, and Nathan Rothschild even acted as one of the investors: through the NR Investments fund, he bought a 0.47% stake in an aluminum producer for $100 million. In 2010, Oleg Deripaska, who started a protracted corporate war s, nominated Rothschild to the board of directors of Norilsk Nickel. nine0005

A Forbes interlocutor who is familiar with last year's En+ IPO in London says that the Rothschild structures acted as a consultant and one of the investors here as well. Rothschild & Co did not comment on this information to Forbes.

Deripaska is not the first client of the Rothschilds, whose assets they are looking for buyers. In 2014, President of Ukraine Petro Poroshenko entrusted the British bank Rothschild & Cie (owned by Rothschild & Co) with the sale of his assets, which at that time Forbes estimated at $ 1.3 billion. But the unstable economic situation in the country did not allow finding buyers, and Poroshenko's share in Roshen Corporation remained under the control of an independent blind trust. “In fact, all the interested parties told us that they were not ready to take on such a high risk, and politely refused the opportunity,” said Mario Salvetti, head of the Rothschild banking house in Russia and the CIS, in an interview with Ukrainskaya Pravda. “They all liked the company, but the context was too risky.” nine0005

Friends of billionaires

“I brought the Rothschilds back to Russia,” Nathan Rothschild told Vedomosti in 2010, adding that his ancestors left the Russian Empire after the 1917 revolution.

After the collapse of the USSR, European financiers really developed close relationships with many Russian businessmen. Among them was Mikhail Khodorkovsky. When Nathan Rothschild joined the Supervisory Board of En+ in 2002, his father Jacob, the fourth Baron Rothschild, became, together with Khodorkovsky, one of the directors of the Open Russia Foundation, according to the British register of legal entities. Among the other directors of this company, designed to develop projects in the field of education, science and culture in Russia and Eastern Europe, were also former US Secretary of State Henry Kissinger and head of the Hermitage Mikhail Piotrovsky. A year later, in October 2003, Khodorkovsky was arrested at the Novosibirsk airport. Soon, the Sunday Times reported that Rothschild Sr. turned out to be the trustee of Khodorkovsky's stake in Yukos. Thus, the "emergency" scheme for managing Yukos, designed in case of Khodorkovsky's death or incapacity, worked. Moreover, Rothschild was only one of the possible "heirs" of the billionaire. Platon Lebedev had a much better chance of getting Khodorkovsky's package, but he was sent to jail back in July 2003. nine0005

Today, the Open Russia Foundation has been renamed the Future Russia Foundation. He finances projects of the Khodorkovsky family, for example, his son Pavel's Institute of Modern Russia (the General Prosecutor's Office declared the organization undesirable). Jacob Rothschild left the company only in May 2016.

Abramovich and Mechel

The business of the Rothschild & Co financial group became active in Russia after the appointment in 2002 of the ex-Chancellor of Germany, Gerhard Schroeder, known for his good relations with Vladimir Putin, a member of the European Advisory Board of the Rothschild group. Then the ex-head of the group, David Rothschild, said that Schroeder's arrival was connected with the strengthening of the company's position in Central and Eastern Europe. “The exceptional knowledge of these countries by Mr. Schroeder, as well as his international experience and reputation, will be of great value to us,” David Rothschild was quoted in the message. nine0005

By the end of 2007, Rothschild & Co acted as an advisor to Highland Gold Mining in the sale of 25% of its shares in Millhouse. The deal was valued at $400 million at the time.

Since then, Rothschild & Co has been involved in a number of major deals involving Russian companies, according to its annual reports. For example, in 2012 she helped Sberbank buy Turkish Denizbank from the Belgian Dexia for $3.5 billion.% of the shares of Vankorneft to a pool of Indian investors for $ 2 billion In December of the same year, the head of the Rothschild Group in Russia, Giovanni Salvetti, told Reuters that the company participated in the restructuring of the debt of the steel company Mechel, and was also involved in the deal to buy Alfa- groups" and its partners Ukrsotsbank from Unicredit Group in exchange for a minority stake in the parent company of Alfa-Bank.

• Alexey Pastushin

  Author

#Nathaniel Rothschild #Oleg Deripaska #Rusal #Mikhail Khodorkovsky #Rothschilds

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How the most famous family of bankers, the Rothschilds, got rich

In September 1816, the famous Rothschild dynasty was elevated to the nobility. By that time, the descendants of a young financial enthusiast from the Jewish street in Frankfurt had built a huge banking business and became the epitome of success. What led to success and how do the heirs of the dynasty live now? nine0005

The history of the famous dynasty began in the 1760s, when the young Mayer Amschel Rothschild from a Jewish street in Frankfurt opened first an antique shop, and then a bank where merchants changed money from one German principality to another. Over time, his five sons founded the five largest banks in Europe. Pioneers in the financing of infrastructure projects such as railroads and the Suez Canal, the Rothschilds formed many of the laws by which the financial market still operates today. It is believed that during the 19th century the Rothschilds had the greatest wealth in the world. Success does not leave the descendants of the dynasty today. nine0005

Family values ​​

Antique shop owner Mayer Amschel Rothschild sold rare coins to Crown Prince Wilhelm, who became Landgrave of Hesse-Kassel in 1785 and soon became the richest man on the European continent. Friendship with him allowed Rothschild to become his personal banker and provide banking services to other noble houses, including tax collector and future finance minister Karl Buderus. Rothschild had exceptional business qualities. In a stubborn struggle, he managed to exclude any competition and achieve a monopoly position with the sovereign, historians say. He deliberately selected the clientele - he worked only with the most noble families of Germany and did not undertake to conduct business of ordinary citizens. nine0005

The French Revolution was one of the reasons for the enormous growth of Rothschild's business. During the war, the Austrian army contracted him to supply uniforms and horses, in addition, Rothschild conducted monetary transactions for Hesse mercenary soldiers.

Around the same time, he sent his five sons to the capital of various European countries. Even then, his goal was to expand the business throughout Europe. And so it happened - the house of Rothschild became the first bank to cross the borders. The five sons of the founder of the dynasty subsequently controlled banks in the largest cities of Europe - Paris, London, Vienna, Naples, Frankfurt am Main. nine0005

The family did not lose their wealth thanks in large part to Mayer Rothschild, who bequeathed intra-family marriages. The greatest success awaited the third son of Nathan, the founder of the English branch. In 1814, the British government engaged his bank, N M Rothschild & Sons, to finance a military campaign against Napoleon. In London, Nathan was buying gold bars from the East India Company. Since there was no money in the treasury, the banker offered England gold at a price below the market price and promised to deliver the funds to the allies through the banks of the brothers. nine0005

In July 1815, the British government considered losing the war against Napoleon. Rothschild, encouraging these rumors, began to sell his shares, and the English public followed suit.

A massive sale led to the complete collapse of the British Stock Exchange . Rothschild agents began buying shares at record low prices. When Napoleon was defeated, the financier effectively controlled the English stock exchange.

After this stunt, the bank focused on investing in long-term projects, including railroads, playing a role in the industrial revolution. N M Rothschild & Sons is still controlled by the Rothschilds, in 2014 the bank reported a net profit of 34 million pounds. nine0005

The financial empire also expanded thanks to lending to the population. Particularly successful in this business was the son of Solomon, the founder of the Austrian branch of the dynasty and the bank S M von Rothschild. The bank issued loans for long periods at moderate interest rates, the loan was secured by land holdings. On September 25, 1816, Mayer's sons Amschel and Solomon received titles of nobility, and in October the younger Jacob and Karl were elevated to the nobility. A few years later, the family received the titles of barons, all five brothers received the status of aristocrats and for the first time began to be directly called bankers (Jews in a noble diploma were recorded as "changers"). In the new status, the financiers brought luxurious palaces, while their wealth increased. In 1885 Nathan became the first Jew to enter the House of Lords. From the end of the 19th century, the family began to donate luxurious estates and works of art to charity. nine0005

Rothschild banking became famous for international financial transactions during the period of industrialization and investments in such large projects as the Suez Canal. “In general, the activities of the Rothschilds and the name of the Rothschilds became those decisive factors that brought the era of money and abilities, which replaced the era of titles and origins,” wrote Frederick Morton in the book The Rothschilds. History of a dynasty of powerful financiers.

The power of success

The family has become a real embodiment of wealth. “The Rothschild name has become synonymous with money and power to a degree that no other family can match,” wrote the Daily Telegraph. nine0005

The French and English branches of the family currently control the financial company Rothschild & Co, run by David René de Rothschild. Its management includes English and French investment banking companies. Another financial institution survived in Switzerland - Edmond de Rothschild Group.

The American Internet publication Celebrity Net Worth has calculated that the total capital of the Rothschild family is currently over $350 billion. The Rothschilds own numerous assets, so it is impossible to accurately calculate the fortune. nine0005

According to some experts, the Rothschild family has about $1 trillion in real estate and banking alone.

Family wealth was divided among the descendants of the dynasty for many years. Today, their holdings span not only the financial industry, but also real estate, mining, energy, and philanthropy. In addition, the family also owns more than a dozen wineries on all continents. The enterprises of the descendants of the dynasty continue to make a profit - the Rothschilds retained a reputation as talented financiers with a long history. “It is not only the dizzying wealth that makes these two dynasties so exceptional, but the fact that they hold onto it for so long,” wrote journalist Harry Mount of the Rockefellers and Rothschilds. nine0005

In many respects, adherence to family traditions became the key to maintaining wealth. “They say that once the youngest son of Nathan asked him how many different peoples there are in the world. “There are only two peoples that you should know about,” replied the father, who had a ready answer, “the first is the family, and the second is everyone else,” Morton wrote.

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