The founder of RIT Capital Management Jacob Rothschild passed away at age 87. Part of the prominent banking family that has influenced governments for centuries, the press presented him as a humanitarian philanthropist. The billionaire class only performs charity for the sake of tax cuts. Most of the time funds are given to influence politics or business practices on their behalf. Jacob Rothschild was an advocate for Israel and financed many projects in the country. While Israel pushes forward in plans of annexation of Arab lands, the Zionist state has a powerful backer. Jacob Rothschild explained in an interview that the Zionist movement started in Eastern Europe. His family played a major role in the establishment of Israel. The Balfour Declaration was the basis for the establishment of a future Zionist state in West Asia. This explains why Jacob Rothschild for most of his life invested in Israel. This was not about Jewish identity or culture. The support for Israel was a financial project. The country survives by being backed by the West and a upper class elite. Now that Jacob Rothschild is no longer living, legal challenges are emerging among his family members for control of his investments and estate. Hannah Rothschild might end up getting most of Jacob's assets. The daughter of the billionaire also is the chair of the Israeli organization Yad Hanadiv. This demonstrates how British imperialism never left West Asia. Hannah and her late father are citizens of the UK, but their wealth has immense influence in Israel. The degree in which Jacob Rothschild was influencing the UK's policy related to the Middle East remains a mystery.
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