Ben Goldsmith

Benjamin James Goldsmith (born 28 October 1980) is an English financier and environmentalist.^[1] The son of financier James Goldsmith and Lady Annabel Goldsmith he is founder and CEO of London-listed investment firm Menhaden, which focuses on the theme of energy and resource efficiency.

Ben Goldsmith
Born	Benjamin James Goldsmith (1980-10-28) 28 October 1980 (age 43) London, England
Education	Eton College
Occupation(s)	Financier and environmentalist
Spouses	Kate Rothschild ​ ​ (m. 2003; div. 2013)​ Jemima Jones ​ ​ (m. 2014)​
Children	7
Parents	Sir James Goldsmith Lady Annabel Vane-Tempest-Stewart
Relatives	See Goldsmith family

Previously he co-founded the sustainability-focused investment firm WHEB, whose private equity business split away in 2014 and now trades under the name Alpina Partners. He has used his personal wealth to support both philanthropic and political projects in the area of the environment and sustainability.

Early life

Goldsmith was born in London and is the youngest child of the late billionaire James Goldsmith, a member of the prominent Jewish Goldsmith family, and his third wife Lady Annabel Vane-Tempest-Stewart.^[2] He has an older sister, Jemima Goldsmith; an older brother, Zac Goldsmith; and several half-siblings. Influenced by his older brother Zac, he has a passion for the environment inherited from their father, who, towards the end of his life, was one of Europe's most prominent founders of green causes, including campaigns against genetically modified food.^[3] His uncle Teddy Goldsmith was a co-founder of the Green Party UK and also of The Ecologist.^{[4][5]: 228–9}

Education

Goldsmith attended Eton College, an independent English public school, and like his billionaire father, did not attend university.^[6]

Career

Goldsmith began his career at private client stockbroker Hargreave-Hale and Co. Ltd., now part of Canaccord Genuity.

In 2003,^[7] he co-founded WHEB Asset Management, a sustainability-themed investment management firm. As well as providing venture capital to the European clean technology sector,^[8] WHEB established a listed equities fund management business. In 2014, he oversaw the demerger of WHEB's private and listed equity businesses, with the former rebranding Alpina Partners.

In 2015, Goldsmith launched Menhaden Resource Efficiency Plc, a London-listed thematic investment trust focused on the efficient use of energy and resources.^[9]

He was described by London's Evening Standard in 2011 as "the quiet force of the Goldsmith family... believed to be a key figure in looking after the family finances."^[8]

Goldsmith is a co-founder of upmarket betting firm Fitzdares.^[10]

In May 2023, he published his memoir, God Is An Octopus: Loss, Love and A Calling to Nature (Bloomsbury Publishing). The book explored how, struggling to comprehend the shocking death of his teenage daughter Iris, Goldsmith found solace, meaning and hope in the dramatic rebounding of nature on his Somerset farm.

Environmental activity

In 2003, Goldsmith co-founded the UK Environmental Funders Network (EFN), along with Jon Cracknell.^[11][12][13] He described EFN as being "designed to facilitate discussion and foster collaboration" among those interested in funding environmental initiatives, particularly those addressing large-scale problems like global warming.^[14] As part of its work EFN gathers information on environmental giving and disseminates it via its "Where Green Grants Went" report.^[15]: 34 The network aims to help trusts, foundations and individuals to support environmental causes effectively.^[16]

Through JMG Foundation, the family foundation that Goldsmith chairs,^[11][12] he is also directly involved in activist environmental philanthropy.^[13][14]

In 2001, the JMG Foundation made the first donation to what was then Carbon Disclosure Project, now CDP (www.cdp.net). Goldsmith was a trustee of CDP from 2014 to 2015.

In 2008, Goldsmith set up The Conservation Collective, a growing global network of local environmental foundations rooted in their communities covering regions from Devon and Tuscany, islands such as Mallorca, Ibiza and Formentera and Lamu and countries including Pakistan and Barbados. By 2022, the group had raised £6.6 million pounds to protect and restore nature.^[17]

Since 2010, he has developed a reputation for providing strategic and financial support to disruptive environmental leaders such as Derek Gow, who has led work to restore formerly missing native species to Britain, including beavers, water voles, white storks and wild cats."^[18]

In 2016, Goldsmith was appointed a trustee of the Children's Investment Fund Foundation, one of the largest environmental foundations in Europe, founded by financier and philanthropist Chris Hohn.^[19]

In 2017, he participated in Forces for Nature, a major report released by EFN. The report aimed to encourage more philanthropists to support environmental issues and explores how environmental contributors can be more effective.^[20]

In 2018, he was appointed non-executive director^[21] at the Department for Environment, Food and Rural Affairs. This proved controversial as he had previously donated cash to Conservative MP Michael Gove's Surrey Heath constituency^[22] and the selection process for the job was overseen by Sir Ian Cheshire, who is chairman of Goldsmith's investment firm, Menhaden.^[22] Complaints about the appointment included comments that Goldsmith is a member of the "urban elite", and that though interested in the environment he had no experience with environmental issues facing farmers in the United Kingdom.^[23]

As a non-executive director of DEFRA, Goldsmith played a leading role in the design and passing of the Agriculture Act 2020. The Act replaces unconditional subsidies for farming, under the EU's Common Agriculture Policy, with a new Environmental Land Management Scheme which rewards farmers directly for the stewardship and restoration of soil and nature.^[24]

In 2019, Goldsmith was one of the first funders to support Beaver Trust, a new national charity for beavers. Goldsmith helped to advance government policy to recognise beavers as a native species and give them legal protected status in England in 2022."^[25] Working with James Wallace of the Beaver Trust, in 2021 Goldsmith helped instigate a progressive nature restoration programme, a farm payment scheme 'Woodlands for Water' to pay landowners to create thousands of hectares of new woodland buffers along rivers through a partnership between Defra, Forestry Commission and four NGOs, National Trust, Woodland Trust, Rivers Trust and Beaver Trust."^[26]

In 2021, he established the Nattergal real estate company with Sir Charles Burrell and Peter Davies. The aim of Nattergal is to acquire agriculturally marginal land on which to facilitate nature recovery at scale using rewilding, based upon the learning of over 20 years at Knepp Wildland, while demonstrating a sustainable financial return. Nattergal's first site is Boothby Lodge Farm, a 605 hectare low grade arable farm in Lincolnshire."^[27]

In 2021, Goldsmith persuaded London Mayor Sadiq Khan to establish the Rewilding London taskforce. Upon his appointment as vice chair of the new taskforce, Goldsmith said "From green rooftops to pocket parks, nest boxes for peregrines and swifts, rewiggling streams and reintroducing long lost native species, our plan is to weave wild nature back through the very fabric of our city."^[28]

Politics

Goldsmith has been a funder of the Green Party, including giving £20,000 in 2004 to the UK Green Party and again prior to the 2010 General Election in which Caroline Lucas became Britain's first elected Green Member of Parliament.^[29] In subsequent years, Goldsmith has also contributed to the UK Conservative Party as well as individual candidates including Conservative MP Michael Gove and the so-called "Notting Hill set of Conservative modernisers".

He is chair of the Conservative Environment Network (CEN) which he co-founded in 2010.^[30] The CEN seeks to raise the issue of environmental protection up the agenda of the UK Conservative Party.^[12] By 2021, the CEN parliamentary caucus had grown to comprise more than 130 MPs.^[31]

At a talk at the UK Centre for Jewish Life in 2013, Goldsmith said that a Zionist is simply someone who believes that the Jews have a right to have their own state in Israel, and therefore described himself as an "ardent Zionist."^[32]

In 2016, he campaigned for his brother Zac Goldsmith who was running for mayor of London.^[33]

Goldsmith was a key signatory to a petition sent to Prime Minister Theresa May and Michael Gove urging them to ban all crop spraying and pesticide use in UK rural residential areas.^[34]

Personal life

On 20 September 2003, at St Mary's Church in Bury St Edmunds, Goldsmith married heiress Kate Emma Rothschild (b. 1982), the daughter of the late Amschel Rothschild and his wife, Anita Patience Guinness, of the Guinness Brewery family.^[35]

The couple were married for nine years and had three children: Iris Annabel (2004–2019), Frank James Amschel (b. 2005) and Isaac Benjamin Victor (b. 2008).^{[citation needed]} On 2 June 2012, it was reported that Rothschild, a music producer, had been having an extramarital affair with rapper Jay Electronica for a year.^[36] In the same month, he was arrested for domestic violence against his wife before being released without charge. Goldsmith later announced that he was filing for divorce citing his wife's adultery. They divorced in April 2013.^[37]

Goldsmith married Jemima Jones in 2014. She runs the catering company Tart London and the restaurant Wild by Tart.^[38] The couple have four children: Eliza Margot (b. 2016), Arlo Edward Zac (b. 2017), Vita Iris (b. 2020), and Vincent Oliver Robin (b. 2022).^[39]

Since 2009, Goldsmith and his family have owned a former dairy farm, Cannwood, in North Brewham, Somerset, which is managed to support nature-friendly farming and rewilding. On 8 July 2019, Goldsmith's 15-year-old daughter, Iris, died in a quad bike accident at the farm.^[40] Part of the land at Cannwood is now a memorial stone circle for Iris.^[41]

Ancestry

Ancestors of Ben Goldsmith

16. Benedict Hayum Salomon Goldschmidt 8. Adolphe Goldschmidt 17. Jeannette Kann 4. Major Frank Goldsmith 18. Joseph Moses 9. Alice Emma Moses Merton 19. Caroline Königswarter 2. Sir James Goldsmith 20. 10. Pierre Mouiller 21. 5. Marcelle Mouiller 22. 11. 23. 1. Benjamin Goldsmith 24. Charles Vane-Tempest-Stewart, 6th Marquess of Londonderry 12. Charles Vane-Tempest-Stewart, 7th Marquess of Londonderry 25. Lady Theresa Helen Talbot 6. Robin Vane-Tempest-Stewart, 8th Marquess of Londonderry 26. Henry Chaplin, 1st Viscount Chaplin 13. Edith Vane-Tempest-Stewart, Marchioness of Londonderry 27. Lady Florence Sutherland-Leveson-Gower 3. Lady Annabel Vane-Tempest-Stewart 28. Richard Henry Combe 14. Major Boyce Combe 29. Esther Hollway 7. Romaine Combe 30. Sir Henry Tombs 15. Mabel Tombs 31. Georgina Janet Stirling

References

1. "Ben Goldsmith's Official Profile on The Marque".
2. Billionaire: The Life and Times of Sir James Goldsmith by Ivan Fallon
3. Wheeler, Brian (11 January 2006). "Interview: Zac Goldsmith". BBC News.
4. Nilima Choudhury for Responding to Climate Change. 19 August 2013 Ben Goldsmith: it's possible to be green and conservative Archived 30 June 2015 at the Wayback Machine
5. Meredith Veldman. Fantasy, the Bomb, and the Greening of Britain. Cambridge University Press, 1994. ISBN 978-0521440608
6. Edwardes, Charlotte. "Ben Goldsmith comes clean: lies, rewilding and the death of daughter Iris". The Times. ISSN 0140-0460. Retrieved 11 September 2022.
7. Alex Blackburne for Blue & Green Tomorrow. 27 January 2014 Leading sustainable investor WHEB on its new branding
8. Christopher Silvester. Evening Standard. 13 May 2011 "The Goldsmith supremacy: London's most compelling dynasty"
9. Farrell, Sean (10 July 2015). "Ben Goldsmith launches Menhaden green investment trust". The Guardian. ISSN 0261-3077. Retrieved 24 April 2023.
10. London, Luxury (16 August 2018). "Balthazar Fabricius, of Fitzdares Bookmakers, on putting the glamour back into gambling". Luxury London. Retrieved 24 April 2023.
11. Alex Blackburne for Blue & Green Tomorrow. 27 January 2014 Ben Goldsmith on fixing the environmental crisis through philanthropy
12. World Economic Forum. Benjamin Goldsmith profile at World Economic Forum Page accessed 27 June 2015
13. Bloomberg Ben Goldsmith profile at Bloomberg Page accessed 27 June 2015
14. Ben Goldsmith for Philanthropy U.K. Magazine. 23 August 2010. Philanthropy in a climate of change
15. Intelligent Funding Forum. March 2012 Funding for the future: how all grant-makers can help to create a greener world Archived 30 June 2015 at the Wayback Machine
16. "People".
17. "The Conservation Collective – About Us". The Conservation Collective. Retrieved 10 September 2022.
18. "'It's going to be our way now': the guerrilla rewilder shaking up British farming". The Guardian. 4 September 2020. Retrieved 10 September 2022.
19. admin. "BEN GOLDSMITH". Ciff. Retrieved 11 September 2022.
20. "Philanthropists urged to catalyse environmental action". businessgreen.com. Retrieved 14 October 2018.
21. Kleinman, Mark (1 March 2018). "Gove risks new Whitehall row over choice of DEFRA directors". Sky News. Retrieved 27 July 2018.
22. Vaughan, Richard (23 March 2018). "Michael Gove facing questions over appointment of Tory donor Ben Goldsmith to Defra board". I Newspaper. Retrieved 27 July 2018.
23. Fisher, Lucy (31 May 2018). "Ben Goldsmith too urban for rural affairs, say Tory MPs". The Times. ISSN 0140-0460. Retrieved 23 October 2018.
24. Goldsmith, Ben (1 December 2020). "Leaving the EU's destructive Common Agricultural Policy enables an unprecedented win for nature in post-Brexit Britain". Reaction. Retrieved 24 April 2023.
25. "WHO". Beaver Trust. Retrieved 10 September 2022.
26. "Riverbanks and watercourses to be planted with new woodland". GOV.UK. Retrieved 10 September 2022.
27. "Nattergal". Nattergal. Retrieved 10 September 2022.
28. Horton, Helena (14 December 2021). "Sadiq Khan leads ambitious plans to rewild Hyde Park". The Guardian. ISSN 0261-3077. Retrieved 24 April 2023.
29. , by Alex Blackburne, Blue and Green, 7 August 2013.
30. Ben Caldecott and Gavin Dick in the Telegraph. 10 Mar 2010 David Cameron's environmentalism will succeed where Labour's failed. Quote: "That is why the Conservative Environment Network, which launches today, has been formed. We are determined to support the current environmental leadership the Conservative Party is showing and to make the case to other Conservatives who may not recognise our Party’s proud environmental heritage."
31. "Our Parliamentary Caucus". Conservative Environment Network. Retrieved 11 September 2022.
32. Centre for Jewish Life. 3 July 2013. Ben Goldsmith: The Green Revolutionary. Entrepreneurship, Environment & Impressions from Israel Centre for Jewish Life Business Forum Archived 2 July 2015 at the Wayback Machine
33. Steerpike (20 April 2016). "Ben Goldsmith gets behind his brother's campaign: 'back Zac or crack!' | The Spectator". www.spectator.co.uk. Retrieved 11 September 2022.
34. "Is the new UK Agriculture Bill a triumph or a travesty?". The Ecologist. Retrieved 14 October 2018.
35. Leppard, David. "Golden dynasties to merge down aisle". The Times. ISSN 0140-0460. Retrieved 11 September 2022.
36. "Ben Goldsmith admits Twitter spat with wife Kate Rothschild was wrong". The Telegraph. Retrieved 17 December 2020.
37. "Ben Goldsmith and Kate Rothschild divorce is settled in 65 seconds". London Evening Standard. 25 April 2013.
38. Smith, Ellie (1 April 2021). "Interview with Wild By Tart's Jemima Jones and Lucy Carr-Ellison". Country and Town House. Retrieved 11 September 2022.
39. "Ben Goldsmith and wife Jemima welcome a baby girl". Tatler. 27 April 2021.
40. "Iris Goldsmith: Father pays tribute to 'beautiful little girl'". BBC News. Somerset. 12 July 2019. Retrieved 30 June 2023.
41. Higgins, Ria (4 November 2023). "'This piece of land is filled with life': Ben Goldsmith on the special place he created for his late daughter". Telegraph. Retrieved 6 November 2023.