Investments
In 2000, The Observer wrote that, in addition to Nathaniel's then declared inheritance of £500 million, his actual inheritance "hidden in a series of trusts in Switzerland is rumoured to be worth £40bn". Via NR Investments Ltd., his principal investment company, Nathaniel Rothschild was a cornerstone investor in the United Company Rusal initial public offering in January 2010. At the same time Rothschild bought $40 million of Glencore bonds convertible into shares upon an IPO.
Also Rothschilds NR Investments Ltd. is the largest shareholder (26.5% End December 2009) of Volex, a Manchester-based electrical cable maker. Furthermore Nathaniel Rothschild owns an 11% share in BR Properties, a Brazilian property company, and has an interest in various property developments in Eastern Europe (Montenegro, Romania and Ukraine).
In July 2010 Vallar Plc, a Jersey-incorporated investment vehicle founded by Nathaniel Rothschild, raised £707.2 million ($1.07 billion) in an Initial public offering on the London Stock Exchange. Vallar is led by Rothschild and James Campbell, a former Anglo American PLC coal and base metals chief. Together with other members of the Vallar management team, they have invested £100 million in shares of the company. Vallar will focus on investments in mining of metals, coal, and iron ore in the Americas, Russia, Eastern Europe, and Australia.
In November 2010, Vallar announced it was buying stakes for $3bn in two listed Indonesia thermal coal (used for power stations) producers for a combination of cash and new Vallar shares, with a view to combining them to create the largest exporter of thermal coal to China, India, and the other emerging economies of Asia. The transaction closed as planned on 8 April 2011.
In 2011, Vallar plc was renamed Bumi plc.
In June 2011, Rothschild and Tony Hayward, the former chief executive of BP plc, listed a successor vehicle to Vallar called Vallares (LSE:VLRS) in London Stock Exchange, raising $2.2 billion. Essentially, this was identical in every respect to the first vehicle, which was metals and mining focused, except that the new entity would try to acquire oil & gas assets.
In September, Vallares announced a 50/50 all stock merger with Turkish Energy Champion Genel Energy, valued at $4.2billion.
In 2011, The Sunday Times estimated his personal fortune to be $1.6 billion.
Read more about this topic: Nathaniel Philip Rothschild
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“In youth, love and art. In age, investments and antiques.”
—Mason Cooley (b. 1927)