Saturday, October 10th, 2009
The Rothschild family has extensive property interests in other developing nations as well, including India. Last year, India’s Financial Express described Evelyn de Rothschild’s concern for Mumbai’s infrastructure and state controls on foreign bank ownership. He’s quoted as saying “With the increase in traffic, they have to clear away a lot of the slum areas and improve the living quality and help the place to be a real [international finance centre]“. Isn’t there an Olympics in Rio coming up as well? Surely this is an excellent investment opportunity.
Richard Eden, The Telegraph
October 10, 2009
When Lord Mandelson pays tribute to President Lula of Brazil at the Banqueting House in Whitehall on Bonfire Night, his Brazilian-born boyfriend, Reinaldo da Silva, will not be the only one hoping for friendships to sparkle. The Business Secretary’s holiday host Nat Rothschild has decided to expand massively his interests in Brazil.
Lord Rothschild’s heir has invested Ãƒâ€šÃ‚Â£75 million in BR Properties to take advantage of Brazil’s booming economy.
Nat, from whose villa in Corfu Peter Mandelson reportedly ran Britain while Gordon Brown was on holiday in August, is expected to take a seat on the board of BR Properties. His father is the chairman of the RIT Capital investment group, which is also taking a minority stake in the company.
Nat’s previous property interests centred on Montenegro, where he is investing with another of Mandelson’s chums, Oleg Deripaska, the controversial Russian oligarch.
Mandelson’s relationship with Nat became a major talking point when Mandrake disclosed last year that the former European trade commissioner had, while staying with Nat in Corfu, been entertained aboard the yacht of Deripaska, an aluminium tycoon, whose businesses benefited from tariffs the commission set.