Israel's Richest Lose Hundreds of Millions Amid Market Fluctuations
Translated & summarized from Ice by baba
Israel's wealthiest individuals, including Eyal Ofer and Miriam Adelson, have collectively lost hundreds of millions of dollars in the past week. Eyal Ofer leads the list with $35.8 billion despite a $100 million loss, while Adelson's wealth stands at $30.5 billion after losing over $380 million. Idan Ofer, the Bukhman brothers, and the Federmann family also reported significant financial declines, primarily due to their extensive investments in shipping, real estate, defense, and gaming.
The story in 5 lines · by baba
- Eyal Ofer leads Israel's richest list despite losing over $100 million, with a net worth of $35.8 billion.
- Miriam Adelson lost over $380 million, bringing her wealth to $30.5 billion, ranking second.
- Idan Ofer's fortune decreased by $94.7 million, now estimated at $29.4 billion.
- The Bukhman brothers lost only $800,000, maintaining $13.5 billion in wealth from digital games.
- The Federmann family lost $130.1 million, with their wealth now at $9.5 billion from defense and hotels.
Israel's wealthiest individuals have experienced significant financial losses this past week, despite the top rankings remaining unchanged. Eyal Ofer, who leads the local list, saw his personal fortune decrease by over $100 million, bringing his net worth to an estimated $35.8 billion. Ofer, son of the late shipping magnate Sammy Ofer, heads an international business empire focused on shipping, real estate, and finance, including Zodiac Maritime and Global Holdings.
Miriam Adelson holds the second position with an estimated $30.5 billion, despite a substantial loss of over $380 million this week. Adelson is a major shareholder in Las Vegas Sands, a global casino and resort giant, and has expanded into sports, co-acquiring the NBA's Dallas Mavericks in 2023. She is also associated with the "Israel Hayom" newspaper and philanthropic and political activities.
Idan Ofer, Eyal's brother, also suffered considerable losses, with his wealth dropping by $94.7 million to $29.4 billion. He is a key figure in global shipping through Eastern Pacific Shipping and controls Israel Corporation and Cannon Holdings. Idan Ofer is also a stakeholder in the Spanish football club Atlético Madrid.
The Bukhman brothers, Igor and Dmitry, experienced a relatively minor loss of $800,000, maintaining their wealth at $13.5 billion. They built their fortune in digital gaming as founders of Playrix, a mobile game company known for titles like Homescapes and Township.
Rounding out the top five are the Federmann family, who lost $130.1 million, bringing their net worth to $9.5 billion. Their business interests lie in the defense industry, notably through their control of Elbit Systems, and the hospitality sector with the Dan Hotel chain.