Forbes Israel boasts of power of Jewish billionaires

Israel/Palestine
Forbes Israel brags on 165 Jewish billionaires
Forbes Israel brags on 165 Jewish billionaires

The illustration is the cover of Forbes Israel. The date is April 2013. It just hit the net. The title is “The Billionaires.”  The banner on the right says, “Special Edition, 165 Jewish billionaires, 17 Israelis, 16 [Jewish] women, 812 cumulative billions (of billionaires’ wealth).”

That’s 165 out of a total of 1426 billionaires in the world, or 11%. One of us (Phil) likes to write about the new position of Jews sociologically: and out of the 50 richest people in the world, about a quarter are Jewish. Most of those Jewish billionaires appear to be American, though this is an Israeli publication.

Power and money go together, of course. The sell-line above the logo reads: “Billionaire Mikhail Prokhorov plans to replace Putin as the most powerful person in Russia.” And the article features Sheldon Adelson at #3, the man who bankrolled Newt Gingrich and Mitt Romney and skewed our political debate last year way right.

The coverboy for Israel Forbes is Ron Lauder (Estee Lauder’s son — number 60 among Jews, # 376 in the world).  They have an interview with him.  His quote in blue says, “Only if we talk with the Palestinians will we able to make progress.” Cute. This guy has always been a right-winger.

According to the Hebrew article which Ira read and will bookmark here for safekeeping, of the 29 billionaires globally who are under 40, “20% are Jewish.”  (That’s 5.8 people.  For a big shot money mag, maybe they should be more exact.) 

Here and here are two English links.  The Jerusalem Post is the first link. It provides a translation of the Forbes Israel (Hebrew page). 

Of the 1,426 billionaires around the globe, 165 of them are Jews, and their joint wealth reaches the incredible amount of $812 billion… Compared with last year, the joint wealth of the 165 Jewish billionaires has grown substantially.

The Forbes Israel page lists the 165 with a bunch of interesting information. Sheldon Adelson is number three among Jews — 15th richest in el mundo– after Larry Ellison and Michael Bloomberg. Mark Zuckerberg is a lowly 16. Michael Dell is number 12. (Without even knowing this vital information, Ira has been a loyal customer of his since buying his first computer over 20 years ago.)

We wonder what kind of run the U.S. Jewish press will give this. Well, already, Adam Weinstein at Gawker reported it but in a dismissive manner. His take is, OK crazies, use this for your antisemitic theories. The Forward has a breaking news notice.  It sources the story to Hebrew Forbes, and says that they broke out the Jewish rich guys.

Ultimately this is a story about power, and about telling and/or not telling a truth which is in many ways inconvenient. Yes, it could foster anti-Semitism, but the Israeli Forbes issue also indicates the hubris about pro-Israel financial clout that is itself part of the problem.

P.S. Israeli Forbes is not a translation of the American Forbes; here is the bland American Forbes treatment of the 1426 billionaires.

About Ira Glunts

Ira Glunts is a retired college librarian who lives in Madison, NY.

Other posts by .


Posted In:

32 Responses

  1. Cliff
    April 19, 2013, 2:13 pm

    Larry Elisons daughter produced Zero Dark Thirty.

    • Krauss
      April 20, 2013, 11:40 pm

      There’s a self-perpetuation, though. So I read about this guy Ryan Kavanaugh. He sounds Irish and if you look at his Wiki page he look Irish too. I googled him because I was looking at the films his company co-produced and thought to myself “hang on, these are major films. He’s an important guy”. Turns out he was at an ADL dinner honoring him where he explained that Jews have too few babies, he went on in a right-wing rant about Israel and generally came across as a younger Sheldon Adelson(although without the open Republican tilt, more ‘Centrist’ which doesn’t say a lot on these issues).

      And I thought to myself, well, does it help being Jewish in a town where 17 out of the 20 heads of the largest movie studios are Jewish? I would guess so. And what about that quarter of U.S. billionaires, look at Wall St. Steve Cohen, Einhorn, Loeb, Icahn, Ackman and many other Wall St billionares and hedge fund guys. They all donate to Israel.

      I think this segment of fanatic support to Israel has to be explained in terms of “why is the U.S. establishment, and hence the population, so one-sided in the conflict?”. But guys like Weinstein at Gawker doesn’t want to talk about it(yet he still does!).

      I’m guessing Weinstein is probably secretly proud of it, but is afraid of confirming stereotypes so he wants people to know it – and then immediately tries to admonish them for knowing it.

      Nevertheless, this information is actually pretty important when you look at the donors behind the pro-Israel lobby as well as the donor pressure typically occuring against universities and the like whenever Israel comes up for debate. It matters.

    • James Canning
      April 21, 2013, 1:55 pm

      Cliff – – Don’t miss John le Carre’s scathing criticism of Zero Dark Thirty in The New York Times magazine today. [Interview by Dwight Garner]

  2. Citizen
    April 19, 2013, 2:49 pm

    God forbid any realist should point out the power of folks with tons of money and a special, very focused agenda other than just making more money for their own self’s ( and perhaps their own biological immediate family’s) material comfort.

    • Ellen
      April 21, 2013, 4:26 pm

      Whatever….it is all kinda’ vulgar. Just as vulgar and crude as the cover of that Forbes Magazine. Guess it sells.

  3. Hostage
    April 19, 2013, 5:28 pm

    The coverboy for Israel Forbes is Ron Lauder (Estee Lauder’s son — number 60 among Jews, # 376 in the world). They have an interview with him. His quote in blue says, “Only if we talk with the Palestinians will we able to make progress.” Cute. This guy has always been a right-winger.

    Why would the Palestinians want to talk with the President of the World Jewish Congress? When he and the WJC Executive dissolve their cooperation agreement the World Zionist Organization, wake me up. Until that happens, they are just cogs in the machine and part of the joint criminal conspiracy carried out by Israel’s settlement division and its partners in the illegal enterprise.

  4. kalithea
    April 20, 2013, 12:56 am

    Oh my! Isn’t identifying Jewish power, anti-Semitic? Oh, but they just couldn’t help themselves; their hubris made them do it!

  5. ThorsteinVeblen2012
    April 20, 2013, 6:42 am

    I didn’t see Gilbert Bigio on the Forbes List

    Perhaps the wealthiest man in Haiti doesn’t like attention:

    link to open.salon.com

    • Ira Glunts
      April 20, 2013, 6:56 pm

      Interesting. Maybe we could give Forbes a bit of a hand on next year’s list.

      I noticed that no Rothschilds are on the Forbes list. They also are said not to like attention.

      Here is a link that has Jacob Rothschild good for 5 billion.

      link to celebritynetworth.com

  6. Nevada Ned
    April 20, 2013, 9:51 am

    Two comments:
    Sheldon Adelson is a Las Vegas casino king, and a right-winger. He’s so right wing that he has less power than you might otherwise expect. His candidates usually lose at the ballot box.

    For example Adelson once (years ago) tried to take over the Clark County Commission (Las Vegas is in Clark County). Adelson financed the “Committee for Fairness” and ran his own candidates against the incumbents in about 4 races. The Committee for Fairness consisted of one Adelson employee with a FAX machine, and an advertising budget. Adelson himself became a target, as the incumbents ran a advertisement with Godzilla stomping on a city skyline. The ad proclaimed “Don’t let Sheldon Adelson do this to Las Vegas!” Adelson’s candidates lost every race.

    Adelson is so right wing that his contributed more to the ZOA than to the AIPAC. Adelson’s current wife is an Israeli.

    Adelson’s rival Las Vegas casino king is Steve Wynn, also Jewish. As far as I know, Wynn has not been a big supporter of Israel. Neither Wynn’s first wife, Elaine, nor his current wife, Andrea, is Jewish. (Elaine became a billionaire in their divorce settlement).

    • Nevada Ned
      April 20, 2013, 10:08 am

      Correction: Elaine Wynn is Jewish. Don’t know whether or not she converted when she married Steve.

  7. Sumud
    April 20, 2013, 11:38 am

    “Special Edition, 165 Jewish billionaires, 17 Israelis, 16 [Jewish] women, 812 cumulative billions (of billionaires’ wealth).”

    It’s amazing how rich you can get when you steal a whole country, loot the indigenous population’s property, then specialise in arms dealing.

    Lotsa money there among the Israeli jewish billionaires for reparations to Palestinians. Decades of them >> Now is the time to send all Palestinians children to law school.

  8. Keith
    April 20, 2013, 3:29 pm

    When Jews boast about Jewish wealth and power among themselves it is called Jewish pride. When Gentiles discuss Jewish wealth and power in public it is called anti-Semitism. Go figure.

  9. PeaceThroughJustice
    April 20, 2013, 3:51 pm

    “Yes, it could foster anti-Semitism, …”

    I don’t understand this. How, by leading someone to think Jews hold great power?

    I thought “antisemitism” had something to do with a mental disease among gentiles causing irrational behavior.

    • yrn
      April 21, 2013, 11:57 am

      “I thought “antisemitism” had something to do with a mental disease among gentiles causing irrational behavior.”

      Well if someone… hates the Jews because they have money, it is “a mental disease ” causing irrational behavior.”
      Because Most Jews came to America without a penny as they were discriminated in Europe, they made their money with their two hands (and not because they got it from their parents or someone else).
      So if someone hates Jews because they made money, well he should go and check his mental condition, as this comes from mental sick Jealousy nothing else.
      So this answers your question.

  10. PeaceThroughJustice
    April 20, 2013, 4:13 pm

    Two quick points:

    Remember this is a list of the world’s billionaires. There aren’t many Jews in China (yet). In the U.S. economy Jews represent a much larger percentage–
    “At Least 139 of the Forbes 400 Are Jewish”
    Jacob Berkman, JTA, October 5, 2009
    link to blogs.jta.org

    Second, from your economics classes recall that capital tends to be largely concentrated in the hands of the wealthy. So to say that Jews represent one third of America’s wealthiest class is also to say that Jews own roughly one third of the US economy.

    • Annie Robbins
      April 21, 2013, 2:14 am

      from your economics classes recall that capital tends to be largely concentrated in the hands of the wealthy. So to say that Jews represent one third of America’s wealthiest class is also to say that Jews own roughly one third of the US economy.

      hmm,not sure if it really works like that.

      • Citizen
        April 21, 2013, 8:44 am

        @ Annie Robbins

        Does this suggest anything of help?

        According to the Economic Policy Institute, the wealthiest one percent of all Americans households on average have 288 times the amount of wealth that the average middle class American family does.
        In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
        According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
        The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.
        At this point, the poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.
        The United States now ranks 93rd in the world in income inequality.
        link to beforeitsnews.com

      • Annie Robbins
        April 21, 2013, 12:09 pm

        thanks citizen, i should have been clearer.my critique was in reference to the ‘own the economy’ framing. reminds me of wasserman:

        link to politico.com

      • Bumblebye
        April 21, 2013, 2:43 pm

        Another:
        The wealthiest 300 people in the world have wealth geater than the bottom 3,000,000,000.

    • Cliff
      April 21, 2013, 8:05 am

      that stinks to high heaven of logical fallacy, PTJ

      there are trends

      there are no absolutes and certainties

      probabilities abound tho

  11. Ecru
    April 21, 2013, 6:55 am

    So when an Israeli publication talks about Jewish financial power it’s OK but when non-Jews do it it’s time to call in the ADL? Are these idiots trying to get real anti-semitism started up again, ’cause if they are (and I do suspect that Zionists want real anti-semitism to make a come back) such blatant double standards will probably do the trick.

    • American
      April 21, 2013, 3:15 pm

      ”(and I do suspect that Zionists want real anti-semitism to make a come back) ”….Ecru

      It seems that way…although I don’t think they actually ‘fear’ anti semitism.
      It looks like to me they are aware of arousing anti-semitism/resentment –but simultaneously confident in their ability to have world governments ‘contain’ or police it for them.
      As their criminal activities increase their howls of anti semitism increase.
      Dangerous game they’re playing imo.

      • Ecru
        April 22, 2013, 4:25 pm

        Oh I don’t think they fear it at all, they want Jews of the diaspora to share their in rank xenophobia, and to that end are more than happy to encourage bigotry against Jews in the world at large because it feeds into their “Jews as the eternal innocent victims” propaganda.

        This love of anti-semitism can be seen in the responses Zionists make to any tragedy involving non-Israeli Jews – they delight in it, arguably more than the perpetrators because it’s so good for “the cause.” For example I will always (unfortunately) remember the reaction of so many Zionists to the children murdered in Toulouse just over a year ago. The first reaction of most people was sympathy and horror, the first (and as far as I could make out, the only) reaction of Zionists was absolute glee because it “proved” Diaspora Jews must always live in fear and of course fed into their anti-Muslim (with more than a hint of anti-European) propaganda.

        But then, what would be the point of the Jewish Ghetto State if Jews around the world didn’t fear their neighbours? And if they don’t do so sufficiently (even after all the talking about the Holocaust and ignoring EVERYTHING else that was happening during WWII), why Zionists might just have to help things along a bit, as they did in Egypt with the Lavon affair.

  12. American
    April 21, 2013, 10:16 am

    Imagine what would be said if there was a Gentile Magazine listing Gentile billionaires…it would probably be viewed as some kind of racist clique/attitude.

    • James Canning
      April 21, 2013, 1:59 pm

      American – – Why would it be “racist” if Fortune magazine mentioned the religion of hugely rich people who are the subjects of the story?

      • American
        April 24, 2013, 9:49 am

        @ James

        What I am saying is that if a mag seperated out and ‘featured’ or ‘stared only’ the gentiles on the Forbes list it would no doubt be looked at as gentile racism or hubris.

  13. American
    April 21, 2013, 11:53 am

    I can’t get my translator to fully translate the hebrew mag so can’t do a totally accurate cross reference/count but looking at the US Forbes quite a few of the Jewish billionaires are Russian…they are the ‘interesting’ ones to me.
    “Oligarchs: The First Russian Capitalists”.
    link to thomaswhite.com

    Also something interesting about this Prokhorov…..”Power and money go together, of course. The sell-line above the logo reads: “Billionaire Mikhail Prokhorov plans to replace Putin as the most powerful person in Russia.”……..the rumor/speculation according to European/ Russian political sources is he was ‘playing a part’ for Putin…..who made him a minister and put him the ‘liberal party’ to run as a safeguard…iow….he would split the liberals to hold down the vote numbers against Putin. Which sounds believable to me as it doesn’t pay to go against Putin or you could find all your wealth/assets ‘nationalized’ over night.
    The mystery of why Putin threw some oligarchs in prison and seized their holdings and let others skate probably isn’t much of a mystery….he had a use for some of them….the old money -power qui pro quo .
    Prokhorov now however, according to the BBC, has had to sell his Russian holdings, supposedly over some lawsuit in the UK that doesn’t seem to make a lot of sense and is out of politics and into sports teams ownership.

    There are probably 500 good mystery novels in the Forbes Billionaire list.

  14. Donald
    April 21, 2013, 12:46 pm

    I know it was Forbes Israel that chose to write about this, and that says something about them, but why should we care without further information? If there are particular Jewish billionaires (like Adelson) who use their power to try and influence events on behalf of their rightwing pro-Israeli views, then yes, we should hear about it. And the same goes for any billionaire–they all have far more capacity to do things in the political arena than the average person and we need to know what they’re up to.

    But let’s hear about individuals and what they’ve done–if there are a large number of people with the interests and behavior patterns of a Sheldon Adelson, then that fact will be made clear by approaching the subject on a case-by-case basis. Just counting up how many billionaires are Jewish doesn’t tell us anything, except maybe about the peculiar obsessions of the counters (in this case, the Israeli Forbes editors.)

    • James Canning
      April 22, 2013, 3:12 pm

      Donald – – If I recall correctly, when Russia had only eight billionaires, seven of them were Jewish. Surely this is an intereting fact. I think the Forbes Israel editors have a good stoy line.

  15. James Canning
    April 21, 2013, 1:57 pm

    If one-quarter of the 50th richest people on the planet are Jewish, it does suggest at least some of the difficulty faced by the Palestinians in getting their message acroos.

  16. ThorsteinVeblen2012
    April 22, 2013, 9:40 pm

    How is this any different than the LA Times doing a piece as they did a couple of years ago about how Jews are genetically predisposed to be more intelligent?

    In Israel you can openly celebrate Jewish wealth and power. In the US it has to be couched in pseudo science.

Leave a Reply