BREAKING NEWS

13 Israelis make 'Forbes' billionaires list

By NADAV SHEMER

MARCH 8, 2012 14:59

Thirteen Israelis appeared on Forbes Magazine’s annual list of global billionaires on Thursday, led by brothers Idan and Eyal Ofer – who ranked 161st and 173rd with respective fortunes of $6.2 billion and $5.8 billion.

The two brothers split the inheritance equally after their father, shipping magnate Sammy Ofer, died in June 2011. But Forbes ranked Idan higher than his older brother, as it was able to confirm Idan’s public stakes in Israel Corp. and Pacific Drilling, but applied more conservative valuations to Eyal’s less transparent private holdings.

A record 1,226 individuals with a combined worth of $4.6 trillion made this year’s list. Mexican telecom mogul Carlos Slim Helu ranked first with $69 billion, ahead of Microsoft co-founder Bill Gates ($61b.) and Berkshire Hathaway CEO Warren Buffett ($44b.) – whose portfolio includes Israeli metalworking tool company Iscar.

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