Nat Rothschild rues 'terrible mistake' in tie-up with Bakries
Thursday 09 May 2013
The City financier Nat Rothschild has given a rare insight into his personal life, claiming he no longer drinks or smokes and goes to bed at 9.30pm.
"I lead a very boring life," said Mr Rothschild, 41, once known for his playboy image. He also described his tie-up with the Bakrie brothers as a "terrible mistake", saying he regretted taking advice from Ian Hannam, the former JP Morgan investment banker, in the lead-up to the creation of Bumi, the Indonesian coal miner.
"He said it was the best deal he had ever seen in his life," Mr Rothschild told Bloomberg.
He added: "I've had a lot of luck in my life. This time, I got unlucky." Mr Rothschild also said he was not planning on rushing to do another deal.
Bumi was created when the Bakrie brothers reversed some coal-mining assets into Mr Rothschild's cash shell. However, the co-founders quickly fell out amid allegations of financial irregularities at two Bakrie businesses in which Bumi owns a stake.
- 1 Liam Gallagher brands Kanye West 'utter s**t' during BRIT Awards performance
- 2 Isis burns thousands of books and rare manuscripts from Mosul's libraries
- 3 People who sleep more than eight hours are more likely to have a stroke, research shows
- 4 Kanye West climbs on table at Nando's to crowd chants of 'Yeezus' before Brit Awards 2015 performance of 'All Day'
- 5 Muslim women's rights campaigner writes heartfelt letter to girls thinking of joining Isis
Ukraine crisis: Putin will cut gas to Europe unless Russia is paid by the end of the week
Liam Gallagher brands Kanye West 'utter s**t' during BRIT Awards performance
Isis burns thousands of books and rare manuscripts from Mosul's libraries
Missing Mexico teachers: Protests organised by union quashed in violent police crackdown
Mohammed Emwazi: Nine things we now know about man named as Isis militant 'Jihadi John'
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
Ukraine crisis: 'One miscalculation, and Britain faces an existential threat to our whole being...'
iJobs Money & Business
£17000 - £25000 per annum: Recruitment Genius: An opportunity to join this new...
£18000 - £21000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£36000 - £44000 per annum: Recruitment Genius: Encouraging more businesses to ...