The fortune of Israel: increasingly rich, fewer high-tech bosses

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The 100 richest Israelis are now worth an estimated $274 billion, more than half of the country’s GDP

Miriam Adelson, the widow of Israeli-American real estate tycoon Sheldon Edelson, retained her top spot in the Forbes list of Israel’s richest people, revealed Friday, with an estimated fortune of $27.5 billion.

After a year marked by many crises, the owner of the Las Vegas Sands casinos – like most of the great fortunes on the planet – suffered significant losses since her fortune was estimated at $ 33.9 billion in 2021.

Daily newspaper owner Israel HayomEyal Ofer, was ahead of another real estate magnate with an estimated fortune of $15.4 billion.

It is the industrialist of Russian origin Viatcheslav Moshe Kantor, who notably chairs the World Holocaust Remembrance Forum, who completes the podium with a fortune estimated at 14.3 billion dollars.

The owner of the Russian group Acron, which produces mineral fertilizers, made a significant jump in the ranking since his fortune was estimated at 4.6 billion dollars in 2021, and he was only ranked eleventh. Kantor has notably benefited from the recent surge in commodity prices, seeing his fortune triple.

According Forbesdespite the crises that have rocked the global economy this year – between rising inflation and interest rates, the protracted aftermath of Covid and the war in Ukraine, among others – the overall wealth of the 100 richest people of Israel increased by around 10% compared to 2021.

The 100 richest Israelis are now worth an estimated $274 billion, more than half of the country’s GDP. Over the past eight years, the wealth of the wealthiest in Israel has soared by 130%.

However, the various crises have hit the high-tech sector hard. Tech billionaires, who made up nearly half of Forbes’ list last year, make up just a third this year.

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