http://en.wikipedia.org/wiki/Edward_Elias_Sassoon#Sassoon_Baronets....

Sir Jacob Elias Sassoon, 1st Baronet (1843–22 October 1916). Sasson was the elder son of Elias David Sassoon. He had no children and was succeeded under a special remainder in the letters patent by his younger brother Edward.

Obit

SIR JACOB SASSOON.

The death is announced in London at the age of 72 years of Sir Jacob Elias Sassoon, first baronet. He established a Central College of Science in Bombay, and built the first mill there. He afterwards constructed several other mills. He was chief partner in the firm of E. D. Sassoon Hnd Co., merchants and bankers, of India, London, and China. He leaves a widow, two sons, and two daughters. He is suc- ceeded in the baronetcy by his brother, now Sir Edward Sassoon.

http://trove.nla.gov.au/ndp/del/article/6462707