The Rothschilds: Maintaining 200-year-old legacy of Family Business
| Case Code: FBM004 Case Length: 14 Pages Period: 1970-2015 Pub Date: 2015 Teaching Note: Available |
Price: Rs.600 Organization: Rothschild Group Industry: Banking Countries: United Kingdom, Germany, France, Italy Themes: Family-managed Business |
Abstract Case Intro 1 Case Intro 2 Excerpts
Early Days of the Rothschild Family
Mayer was born in 1744 in a ghetto of Frankfurt known as the Frankfurter Judengasse, which was home to the largest Jewish community in Germany. After losing his parents at the tender age of twelve, Mayer struggled to make his way up to become a court Jew. He joined the banking firm of his father’s colleague, Jacob Wolf Oppenheimer, and later established himself as a rare coin trader. His clients included the prince of Hesse-Kassel. The good connections that Mayer developed during this period earned him the title of court agent. By 1780, Mayer had become a well known trader of coins, medals, and antiques in Frankfurt. He made enough money to buy a new house in 1787. The growing circle of suppliers and customers in his existing business gave him the impetus to move into the banking business by the early 1790s. Over the next few years, Mayer's banking business achieved remarkable growth and, by 1797, he was counted among the richest Jews in Frankfurt. Mayer had 5 sons and 5 daughters. By the end of the 18th century, his banking business had become too big for him to control alone...
Buy this case study (Please select any one of the payment options)
| Price: Rs.600 |
Price: Rs.600 | PayPal (13 USD) |
