ByTOBIAS SIEGAL

Baron Benjamin de Rothschild died on Friday after suffering a heart attack at his home in Switzerland, the Edmond de Rothschild Group reported. He was 57 years-old.

He was born on July 30, 1963, to Baron Edmond and Baroness Nadine de Rothschild. In 1997, at the age of 34, he took over the family business, and specifically the Edmond de Rothschild Group established by his father in 1953.

Ever since then, the late baron expanded the group’s philanthropic operations. Considered a world-renowned entrepreneur, de Rothschild was an expert in finance and innovation and always tried to make the most of his abilities and assets.

Alongside his daily activities, he made sure to nurture the legacy of the Rothschild family in a continuous effort of utilizing capital for the creation of a better future.

The Edmond de Rothschild Group focuses on private banking and managing assets and capital of international clients and institutions. The group has 32 offices around the world and actively manages property estimated at €160 billion, while employing 2,600 people.

In Israel, the group owns an investment firm and has made significant donations to higher education institutions and to programs aimed at narrowing educational gaps within the Israeli society.

In April, it was reported that the late baron and his wife had donated NIS 50 million for purchasing medical equipment for 22 hospitals across the country in an effort to assist the country in its battle against the coronavirus pandemic.