His paternal grandparents were Nathan Mayer Rothschild, after whom he was named, and Hannah Barent-Cohen, daughter of Levy Barent Cohen.

[3] He was educated at Trinity College, Cambridge,[4] where he was a friend of the Prince of Wales (later Edward VII), but left without taking a degree.

During his tenure, he also maintained its pre-eminent position in private venture finance and in issuing loans to the governments of the US, Russia and Austria.

Rothschild also funded Cecil Rhodes in the development of the British South Africa Company and the De Beers diamond conglomerate.

[7] In the 1902 Coronation Honours list,[8] he was appointed a Privy Counsellor and was sworn a member of the council at Buckingham Palace on 11 August 1902.

[1] When he was raised to the peerage by Gladstone,[7] Rothschild was the first Jewish member of the House of Lords not to have previously converted to Christianity.

[14] In 1909, he was famously derided by David Lloyd George, then Chancellor of the Exchequer, over his opposition to the People's Budget, when the latter said, at a meeting at the Holborn Restaurant on 24 June that year: "I really think we are having too much Lord Rothschild.