17 Israeli billionaires on annual Forbes rich list

17 Israeli billionaires on annual Forbes rich list

But not as rich as American Jewish billionaires

Seventeen Israeli billionaires made the 30th Forbes Billionaires List for 2016, including newcomer Adam Neumann, cofounder of shared work space firm WeWork.

The kibbutz-raised Neumann is highlighted among the 198 newcomers for his feat in turning communal working space into a multibillion dollar business. Neumann, 36, ranks #1198 on the overall list of 1,810 billionaires, with a net worth of $1.5 billion.

“Volatile stock markets, cratering oil prices and a stronger dollar led to a dynamic reshuffling of wealth around the globe and a drop in ten-figure fortunes for the first time since 2009,” the magazine reports.

Yet Forbes’ editors still were able to find 1,810 billionaires; their aggregate net worth is $6.48 trillion.

The list shows that of the 198 new names joining the three-comma club, 16 percent got rich on an inheritance alone, more than 70 percent are self-made, and the remaining 13 percent first inherited fortunes and then worked to expand them.

The top Israeli on the list is real estate and shipping magnate Eyal Ofer (#135). Worth $8.4 billion, Ofer also is listed as the Middle East’s second-richest billionaire (after Saudi Arabia’s Prince Alwaleed bin Talal Alsaud, $17.3 billion). Ofer and his brother, Idan (net worth of $3.7 billion) split the fortune of their father, Sammy, who was Israel’s richest person before his death in 2011.

Industrialist Stef Wertheimer (#228) is second on the Israeli billionaires list with a net worth of $5.8 billion, followed by Hollywood’s Arnon Milchan ($5 billion, #270).

Fourth on the Israeli list is Carnival Cruises heir Shari Arison (#392, $3.9 billion), then Idan Ofer (#421, $13.7 billion), Playtech’s Teddy Sagi (#495, $3.3 billion), investor Shaul Shani (#527, $3.2 billion), and real estate mogul Yitzhak Tshuva (#638, $2.7 billion).

CheckPoint Software’s Gil Shwed is next on the Israeli list (#810 overall, $2.2 billion), followed by businessman Marius Nacht (#1067, $1.7 billion), WeWork’s Neumann and investor Alexander Machkevich (tied at #1198, $1.5 billion), healthcare entrepreneur Mori Arkin (#1367, $1.3 billion), and businessman Dan Gertler (#1476, $1.2 billion).

Rounding out the Israeli billionaires list are investor Morris Kahn, entrepreneur Lev Leviev, and diamond businessman Beny Steinmetz, all tied with a net worth of $1 billion and placing #1694 on the overall billionaires list.

The Israelis trail their American-Jewish cousins in wealth, however. Five of the top 10 U.S. billionaires are Jewish: Mark Zuckerberg (#6, $44.6 billion), Larry Ellison (#7, $43.6 billion), Michael Bloomberg (#8, $40 billion), Larry Page (#12, $35.2 billion), and Sergey Brin (#13, $34.4 billion).

The richest American Jew to have made a mark in Jewish philanthropy is Sheldon Adelson (#22, $25.2 billion).

Israel21c.org & Jewish Standard