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THE Rothschild family is one of the richest families in the world boasting billions of dollars in assets.
Here is what we know about reclusive millionaire Will Rothschild, who was one of the descendants of the powerful banking family – and how he died.
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Who was Will Rothschild?
Will Rothschild was one of the millionaire members of the Rothschild family who lived an isolated life in America.
He was described as a private man who was rarely seen leaving the house but was known to keep dozens of expensive cars on the property.
He stayed away from all the media attention but was described as a huge dog lover by his neighbors.
How did Will Rothschild die?
Will has died in a house fire in the Hollywood Hills, say shocked neighbors.
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The millionaire is believed to have lived in the $1million Los Angeles home which was set ablaze.
The Los Angeles Fire Department responded to reports of a fire on the 8500 block of Lookout Mountain Avenue on Wednesday afternoon.
Around 45 firefighters took 33 minutes to extinguish the fire but said they found a body inside the 825-square-foot home.
Neighbors told KABC he was Will Rothschild, a member of the billionaire British-German banking family.
The Los Angeles County Medical Examiner’s Office are yet to confirm the identity of the elderly man or his cause of death.
Neighbors are said to have found unopened mail and magazines outside the burnt-out home addressed to a “WM DE ROTHSCHILD”.
Local Jim Moore said: “It is very sad. He was a good guy. A good neighbor.”
The two-bedroom, one-bathroom house is worth an estimated $1,076,000, according to Zillow.
Cops are now probing the case and the cause of the fire has yet to be determined.
The tragic death comes months after Lord Jacob Rothschild died at the age of 87.
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Who is the Rothschild family?
The Rothschild family is a European banking dynasty that originated in Frankfurt in the 1760s.
The family has been at the top of the financial tree since the 18th century – and have an estimated fortune of around £825million, according to last year’s Sunday Times Rich List.
Started by Mayer Amschel Rothschild, he and his five sons started banks in London, Paris, Frankfurt, Vienna and Naples.
The plan was to have an international network in which they could transport large sums of money.
They are credited with helping to fund the industrialisation of Europe.
They also funded the purchase of the Suez Canal, and the Napoleonic and Austro-Prussian wars.
In addition to banking and finance, the family has been involved in other ventures, such as real estate and winemaking.
They have two headquarters, in Paris and London.
Rothschild’s financial advisory division is well known to have links to the British Royal Family.
Sir Evelyn Robert de Rothschild, David’s father, was the personal financial adviser to the late Queen.
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