Nathaniel Philip Rothschild Nathaniel Philip Victor James Rothschild
(born 12 July 1971) is a British-born financier who settled in Switzerland, and a member of the Rothschild family
. He is the chairman of Volex plc, a UK listed manufacturer. He has a wide range of international business interests.
Early life and education
After graduating, Rothschild joined fund manager Lazard
's, then went to work at Gleacher, the corporate finance firm now owned by NatWest. In 2000, he occupied a variety of positions, and holds a 50%, in NR Atticus, Atticus Management and Atticus Capital
, a hedge fund, which in year 2000 controlled funds approaching £312m.
Rothschild is the former chairman of Vivarte
, a pan-European retailer and owner of the Kookai
clothing brand. Appointed in 2000 following NR Atticus's acquisition of a 32.9% stake in what was widely regarded as the first hostile proxy fight
, he led the group through its successful restructuring and subsequent sale to PAI Partners
, a French private equity firm in 2004.
He became an alternate director of RIT Capital Partners plc
in March 2000, and a full non-executive director in 2004 until 2010 when he stepped down from the RIT board. He remains a substantial direct shareholder of RIT and a 35% beneficial shareholder of Five Arrows Limited, a Rothschild holding company whose major asset is shares in RIT.
In 2000, The Observer
wrote that, in addition to Rothschild's then declared inheritance of £500 million, his actual inheritance "hidden in a series of trusts in Switzerland is rumoured to be worth £40bn".
Via NR Investments Ltd.
, his principal investment company, Rothschild was a cornerstone investor in the United Company RUSAL
initial public offering in January 2010. At the same time he bought $40 million of Glencore
bonds convertible into shares upon an IPO
NR Investments is also the largest shareholder (26.5% as of 2009) of Volex, a Manchester
-based electrical cable maker. Furthermore, Rothschild has an interest in various property developments in Eastern Europe (Montenegro
In November 2010, Vallar announced it was buying stakes for $3bn in two listed Indonesia
thermal coal (used for power stations) producers for a combination of cash and new Vallar shares, with a view to combining them to create the largest exporter of thermal coal to China, India, and the other emerging economies of Asia. The transaction closed as planned on 8 April 2011
and Vallar plc was renamed Bumi plc
in the same month.
In September 2012 the investigation of possible financial irregularities in its Indonesian arm resulted in a 14% fall in its share price.
and the much-delayed financial results for 2012 showed a $200m black hole.
It was also reported in 2013 that Rosan Roeslani, a former director of the company, had stolen $173 million from it.
In December 2013 the company changed its name to Asia Resource Minerals
In June 2015, following a series of disputes with his co-investors, Rothschild abandoned his investment in the company, selling his 17.2 percent stake to Coal Energy Ventures.
In June 2011, Rothschild and Tony Hayward
, the former chief executive of BP plc
, listed a successor vehicle to Vallar called Vallares (LSE:VLRS
) on the London Stock Exchange
, raising $2.2 billion. Essentially, this was identical in every respect to the first vehicle, which was metals and mining focused, except that the new entity would acquire oil & gas assets.
In September 2011, Vallares announced a 50/50 all stock merger with Turkish Energy Champion Genel Energy
, valued at $4.2billion.
In 1994, he married socialite and model Annabelle Neilson; they divorced in 1997.
She died in July 2018.
In August 2016, Rothschild married Loretta Basey, a former model who had been featured on page 3
of UK tabloid newspaper The Sun
, in Switzerland. Rothschild lived for a time in New York before settling in Switzerland in 2000, and according to the Swiss business magazine Bilanz
, he is a resident of Klosters
In October 2008, he was the subject of much press speculation when it was revealed that Labour
politician Peter Mandelson
and the Russian aluminum tycoon Oleg Deripaska
) had met when staying on a yacht
moored near Corfu
, in order to attend a party held by Rothschild.
After speculation that this might constitute a conflict of interest for Mandelson, Rothschild wrote a letter to The Times
alleging that another guest was Conservative
Shadow-Chancellor George Osborne
, who, Rothschild said, illicitly tried to solicit a donation from the Russian for his party.
In February 2012 he lost his libel case with the Daily Mail
who had accused him of being a "puppet master" in reporting about his foreign trips with Peter Mandelson.
- ^ "'My winners are ahead of my losers and that's what business is about': Nat Rothschild on money, modesty and feeling a bit Swiss". Evening Standard. 24 October 2014. He is “closest” to his mother, Serena Mary Dunn, a Canadian. It says something of this allegiance that he carries a Canadian passport. “I’m not a British citizen. I think of myself as Swiss — ultimately I will get Swiss citizenship.”
- ^ "#1153 Nathaniel Rothschild". Forbes. 1 March 2012. CITIZENSHIP Canada
- ^ "Nat Rothschild Gains Montenegrin Passport". Balkan Insight. 24 September 2013. Retrieved 15 January 2021.
- ^ Cowles, V. (1973). The Rothschilds: A Family of Fortune. Knopf. ISBN 9780394487731. Retrieved 13 April 2015.
- ^ "The Tories and the oligarch: key characters". The Times. London. 21 October 2008. Retrieved 21 October 2008.
- ^ "'My winners are ahead of my losers and that's what business is". Evening Standard. Retrieved 7 February 2016.
- ^ "Fellows' list" (PDF). Wadham Gazette. Retrieved 29 May 2019.
- ^ O'Sullivan, Edited by Tom (11 March 2000). "The young elite 1-10". Retrieved 25 May 2017 – via The Guardian.
- ^ "PAI launches €1.24bn bid for Vivarte". efinancialnews.com. Retrieved 13 April 2015.
- ^ "exv99w1". www.sec.gov. Retrieved 11 October 2018.
- ^ Ebrahimi, Helia (2013). "Nat Rothschild to leave board of Barrick Gold". Daily Telegraph. ISSN 0307-1235. Retrieved 11 October 2018.
- ^ The young elite 1-10, Tom O'Sullivan, The Observer, Sunday 12 March 2000
- ^ Casey, Simon (6 January 2010). "Glencore May Expand to Rival BHP, Rothschild Says (Update1)". Bloomberg.com. Bloomberg LP. Retrieved 20 May 2015.
- ^ "Vallar Completes Acquiring 75% Berau, Recapital Says". bloomberg.com. 11 April 2011.
- ^ Riseborough, Jesse (10 June 2011). "Vallar to Buy Bumi Minerals for $2.1 Billion to Add Deposits". bloomberg.com. Retrieved 30 July 2011.
- ^ "Bumi investigates alleged financial irregularities". The Daily Telegraph. 24 September 2012. Retrieved 7 October 2012.
- ^ Josephine Moulds (31 May 2013). "Bumi reveals $200m black hole in financial results". The Guardian.
- ^ "Rosan Roeslani emerges as surprise buyer of Inter Milan". The Daily Telegraph (UK). 15 October 2013. Retrieved 6 June 2015.
- ^ "Curtain comes down on Bumi after shareholders vote for split". The Daily Telegraph. 17 December 2013. Retrieved 13 August 2014.
- ^ Silvia Antonioli (8 June 2015). "Rothschild to sell out of ARMS as Asian bidder closes in on deal". Reuters. Retrieved 9 June 2015.
- ^ "Hayward's Vallares Raises $2.2 Billion in IPO". bloomberg.com. 17 June 2011. Retrieved 17 June 2011.
- ^ Lundgren, Kari (7 September 2011). "Hayward's Vallares to Acquire Iraq Fields in $2.1 Billion Genel Merger". bloomberg.com. Retrieved 7 September 2011.
- ^ The London Telegraph: "The extrovert lifestyle of the former Mrs Nathaniel Rothschild" By Lucy Cockcroft 23 October 2008
- ^ Goodley, Simon (6 May 2011). "Nat Rothschild leaps from the Bullingdon to join billionaires' club". The Guardian. London.
- ^ "Nathaniel Rothschild Letter to the Editor". The Times. London. 21 October 2008. Retrieved 19 May 2010.
- ^ Russian oligarch Oleg Deripaska & his links to British politicians, BBC Newsnight, 19 March 2018
- ^ Walker, Tim (25 November 2008). "Now Nat Rothschild hobnobs with Gaddafi jnr – The Daily Telegraph". The Telegraph. London. Retrieved 13 April 2015.
- ^ Walker, Peter (10 February 2012). "Nat Rothschild loses libel case against Daily Mail over Mandelson trip". The Guardian. ISSN 0261-3077.
Last edited on 17 April 2021, at 17:18
Content is available under CC BY-SA 3.0
unless otherwise noted.