The Rothschild dynasty is, without a doubt, the pioneer of international finance.
Mayer Amschel Rothschild, the first of the family to open a bank, was honored by Forbes as the seventh most influential businessman of all time and the inventor of modern banking who introduced "concepts such as diversification, rapid communication, confidentiality and high volume."
Simply, Mayer understood and was willing to spend money in order to make money.
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Mayer Amschel Rothschild, original architect of the family fortune, was born in 1744. He lived above the family shop with up to 30 relatives in extremely cramped conditions.
A History of the Rothschild Family
The Rothschild Family
The Rothschilds, a prominent family originating from Germany, established banking and finance houses in Europe beginning in the 18th century. Pioneers in providing capital for business and financing infrastructure projects, such as railways and the Suez Canal, the Rothschilds molded the way the international world of high finance works today.
The Rothschild empire had its genesis during the 1760s when Mayer Amschel Rothschild (1744–1812) founded a banking business in his native Frankfurt, in the German duchy of Hesse. Over time, and with the help of his five sons, the family business expanded throughout several European countries.
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