The Rothchilds are one of the most wealthy family dynasties in history and continue to have a fortune that is estimated to be worth hundreds of billions of dollars according to www.networthinsider.com/. With a family history that stretches back centuries, the question that is often asked is: how did the Rothchilds make their money?
An Unusual Beginning
The Rothchilds fortune has its roots in banking, but the original Rothschild fortune was started as a rare coin business that was developed by Mayer Amschel Rothschild in the late 18th century. His propensity for trading rare coins among the elites of Germany and later many other places in Europe led to his appointment as a major banker. As a result, Mayer Rothschild was in a position to interact with international banking groups as well as import and trade during several major conflicts from which he was able to derive massive profits.
Mayer Rothschild’s children were given money to diversify the holdings of the original fortune, leading to several wealthy branches of the Rothschild family. They primarily involved themselves in banking, but also had powerful holdings worth millions of dollars in today’s money in areas such as textiles and private financing. However, it was the banking institutions that were located in powerful cities such as London, Naples, and Paris. The banks founded in Rothschild’s name are still in operation and are some of the oldest financial institutions that are still in operate today. Check more on http://www.networthinsider.com/businessman/the-rothschilds-estate-net-worth/.
A Banking Legacy
The banking institutions that were developed by the Rothschild family continued to grow throughout the 19th and 20th centuries. They used their immense wealth to develop some of the most significant financial groups in existence in the modern day. In fact, the Rothschids wealth and business savvy is often credited as being the base of modern finance. The RTI Capital Partners and various financial investment branches of the Rothschild banks ultimately lead to several successful business being founded using their money, and the return on their investments was vast. While the original Rothschild was able to make millions in today’s money, the modern investment and holdings aspects of Rothschild are worth hundreds of billions. Overall, the Rothschild family came from an unusual circumstance and then eventually revolutionized the banking world.