The 2019 crisis and the beginnings of the corona pandemic have caused the account balances of billionaires around the world to shrink. Every second dollar billionaire had less money in April 2020 than a year earlier, according to the business magazine. The crisis was more pronounced among the ten richest Israelis. Six of them recorded a minus according to the ranking.
As of April 7, 2020, Forbes counted 17 billionaires in Israel with total assets of $ 51.3 billion. That corresponds to an average of $ 3.0 billion per capita. The richest Israelis were thus well below the average in Germany (4.2 billion dollars per capita), but almost twice as high as the average wealth of the super-rich in Turkey.
These are the ten richest Israelis
# 10 Gil Shwed
According to Forbes, Gil Shwed is considered to be the inventor of the modern computer firewall. He is co-founder and CEO of Check Point Software, which went public in 1996. The 52-year-old at the time the ranking was published holds 15 percent of the company, according to the report. Shwed is one of the losers among Israel’s super-rich. According to Forbes, he has lost almost a third of his wealth within a year. As of April 7, 2020, it was estimated at 2.3 billion US dollars (908th place worldwide). In March 2019, it was $ 3.1 billion.
@imago images / ZUMA Press
# 9 Yitzhak Tshuva
Seven of the ten richest Israelis are listed by “Forbes” as self-made billionaires. Yitzhak Tshuva is one of them. According to the report, the 72-year-old owes his wealth to investments in real estate as well as oil and gas. Tshuva’s net worth dropped from $ 3.9 billion to $ 3.2 billion. That meant 616th place in the global ranking.
@imago images / Matrix
# 7 Arnon Milchan
Seventh place for the richest people in Israel is shared by two super-rich with $ 3.3 billion each (5th place worldwide). Arnon Milchan has only lost $ 100 million compared to the 2019 list. The 75-year-old is the owner of the TV and film production company New Regency Enterprises. She has brought successes like “Pretty Woman” and “Bohemian Rhapsody” to the screen. Milchan doesn’t live in Beverly Hills, but in Tel Aviv.
# 7 Shari Arison
Shari Arison remains the richest woman in Israel with $ 3.3 billion, according to Forbes. However, the cruise heiress suffered massive losses until the beginning of the Corona crisis. According to the analysts, their wealth fell from $ 5.0 billion to $ 3.3 billion. Arison’s father, Ted, was the founder of the cruise company Carnival Corp. The 63-year-old also holds 16 percent of Israel’s largest bank, Bank Hapoalim.
@imago images / ZUMA Press
# 6 Idan Ofer and # 5 Shaul Shani
This shipping legacy also suffered severe losses in the early days of the Corona crisis. Idan Ofer (photo) is the son of the shipping company magnate Sammy Ofer, who died in 2011 and was once the richest man in Israel. According to Forbes, he owes his fortune to container shipping, the chemical industry and deep-sea oil production, among other things. The analysts estimated Ofer at $ 3.7 billion, a billion less than in 2019. In the meantime, however, his business seems to have picked up. In mid-October, the businessman, who lives in London, is said to have been worth $ 4.9 billion again.
Investor Shaul Shani ranks fifth in the ranking. He is one of the four top 10 representatives who got richer. According to Forbes, his fortune increased from $ 3.5 billion to $ 3.8 billion (484th place worldwide). The 65-year-old earned his living in telecommunications. It has focused on investing in emerging market economies in recent years, according to the report.
@imago images / Xinhua
# 4 Juri Milner
According to Forbes, Yuri Milner is the most influential tech investor in Russia. The entrepreneur with Israeli citizenship was one of the early financiers on Facebook and Twitter with his DST Global fund. According to the ranking, his fortune was $ 3.8 billion in April 2020, $ 200 million more than in 2019. The 58-year-old lives in Los Altos, California.
@imago images / ZUMA Press
# 3 Teddy Sagi
Teddy Sagi’s fortune has grown by around $ 700 million to $ 4.5 billion in one year (383rd worldwide). This made the 69-year-old investor the winner of the Top 10. In 1999, Sagi founded the betting software developer Playtech. He sold the remaining shares in the company by 2018 and earned a total of almost $ 500 million from the sale. Today he invests in real estate (including Camden Market in London), co-working projects and tech start-ups. Sagi lives in Tel Aviv.
# 2 Stef Wertheimer & family
Stef Wertheimer (right) remains the second richest person in Israel at 94. He was able to increase his wealth according to “Forbes” from 5.7 to 6.2 billion dollars (248th place worldwide). Wertheimer had sold his metalworking company ISCAR to Berkshire Hathaway for a total of around six billion dollars by 2013. According to the report, he and his family are committed to the Israeli-Palestinian peace process, including by creating jobs in disadvantaged areas.
# 1 Eyal Ofer
Eyal Ofer has lost almost as much money within a year as the tenth richest person in Israel owns. Nevertheless, it was safe enough for the 70-year-old to once again take the top spot in the ranking. The head of the Ofer Global Group (shipping, real estate, technology, finance, investment) based in Monaco was valued at $ 7.5 billion in April 2020. In the 2019 ranking it was $ 9.4 billion. He is the brother of Idan Ofer, the sixth richest Israeli in 2020.