17 Israeli billionaires make annual Forbes rich list

WeWork's Adam Neumann is one of 198 newcomers to add their names to the three comma club on the 2016 Forbes Billionaires List.

wework we work


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 spotlighted among the 198 newcomers for turning communal working space into a multi-billion 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, ” reports the magazine.

Yet, editors of the financial magazine still found 1, 810 billionaires with an aggregate net worth of $6.48 trillion.


AX083_0C9D_9 to Eyal Ofer Bloomberg


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% of the new billionaires are self-made, and the remaining 13% inherited fortunes and have worked to expand them.

The top Israeli on the list is real estate and shipping magnate Eyal Ofer (#135). Worth $8.4 billion, Ofer is also 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.


Arnon Milchan


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).

In fourth on the Israeli list is Carnival Cruises heir Shari Arison ($3.9 billion; #392), then Idan Ofer, 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).


Shari Arison


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.

By Israel21C

Read more about: , , , , , , , , , , , , , , , , , , , , , , , , ,

About the Author

Wordpress site Developed by Fixing WordPress Problems