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Damn It Feels Good To Be A Rothschild

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The New York Times profiles Nathan Rothschild, the 35-year old direct descendant of the founder of the Rothschild banking dynasty, today. He once had a reputation in New York as a bit of a party animal but apparently quit drinking years ago, right around the same time he divorced his wife. Which strikes us as absurd.
Anyway, he seems to be doing pretty well for himself (apart from that whole sobriety thing):

In five short years, the man in line to be the fifth Baron Rothschild is close to becoming a billionaire through a web of private equity investments in Ukraine, Eastern Europe and most significant, his partnership stake in Atticus Capital, the fast-growing $14 billion hedge fund.

But NaRo is not just rich. He's an international man of mystery:

But he is also a man of contradictions: He dates models and actresses, sits on an advisory board of the Brookings Institution, a policy research organization in Washington, and serves his guests the best wines from the Rothschild vineyards, which he does not drink.
He would not be interviewed for this article, yet he allowed his lushly renovated townhouse in Greenwich Village to be featured in Men's Vogue magazine. Despite his reputation as the most gregarious of men and the increasingly public nature of his life and career, he comes across as a pinched, reticent man in the few photographs that exist of him.

He's reportedly pulling down compensation of somewhere north of $80 million a year. So how did he get his start at Atticus? Through his vices, of course.

While he undertook the drudgery of trainee investment banking work, Rothschild kept his eyes open for an opportunity more in tune with his growing ambition. In the spring of 1995, he found just that when he left the Gleacher offices to smoke a quick cigarette a few floors above.
Puffing away in an anteroom, he ran into Timothy Barakett, then a 29-year- old investor who was doing the rounds trying to raise funds for Atticus, his new hedge fund. Learning that Barakett was starting up a fund, Rothschild asked for a job. Barakett turned him down.
But the two men stayed in touch, and in the fall of 1996, Barakett took Rothschild on as a minority partner in the nascent fund, then with $90 million in assets, and gave him the title of director of business development with a mandate to tap his considerable Rolodex and family connections for new capital.

There's a lesson in here. Yes, Nate. We're talking to you. Your vices got you this gig. You at least owe them the favor of not giving them up once you've made it big.

The man who may become the next Baron Rothschild
[NYT in International Herald Tribune]