Canadian-Israeli Mega Donors
Marcel Adams and Sylvan Adams
Meir Marcel Abramovici (1920-2020) was born to a traditional Jewish family in Romania and became a leather tanner like his father. After three years in Nazi labour camps, he escaped to Turkey, and then to Israel, where he fought in the War of Independence. A few years later, he moved to Canada and got a job working at a Quebec tannery, where his boss told him to change his last name to “Adams”. Once he saved a little bit of money he began investing in real estate. In 1958, Adams became a full-time real estate investor and founded Iberville Developments. Today, the company has over 100 shopping centres, residential buildings, and industrial properties across Canada and the US. Before he passed away, Adams was the world’s second-oldest billionaire, and a noted philanthropist. He established Tel Aviv University’s Adams Institute for Business Management Information Systems and the Adams Super Center for Brain Research.
His son Sylvan Adams (b. 1958) took over Iberville Developments in 1990, and served as its CEO for the next 25 years, until making aliyah and settling in Tel Aviv. Meanwhile, he took up professional cycling and in 2017 won the World Masters Championship in England. The following year, he opened the first indoor velodrome in Israel (and the entire Middle East). He gave 80 million shekels to bring the 2018 Giro d’Italia, one of cycling’s prestigious Grand Tours, to Israel, marking the first time that the tournament was held outside Europe. Adams has signed the Giving Pledge and is a huge philanthropist. He donated 100 million shekels to Tel Aviv’s Ichilov Medical Center in 2019, and financed a new children’s hospital at Wolfson Medical Center in Holon. Earlier this week, he announced $100 million to Ben-Gurion University in the Negev to “rebuild and strengthen” the south of Israel following the October 7 massacre. His foundation provides doctoral scholarships at the Israel Academy of Sciences and Humanities, and funds the Nefesh b’Nefesh “Bonei Zion Prize” for immigrants to Israel who make a profound impact on the country. He also donated $5 million to SpaceIL to develop Israel’s nascent space program and put an Israeli spacecraft on the moon. Adams is still cycling, and earlier this year won the UCI Cycling World Championships in his age category.
Chanukah Begins Tonight – Chag Sameach!
Chanukah & the Light of Creation
Words of the Week
We must support the gentile poor along with the Jewish poor, and visit the gentile sick along with the Jewish sick, and bury the gentile poor along with the Jewish poor, for the sake of peace.
– Talmud, Gittin 61a
Sheldon Gary Sholom Gedaliah Adelson (1933-2021) was born in Boston to a working-class, immigrant Jewish family of Ukrainian, Lithuanian, and English heritage. Even as a child he thought about how to get the family out of financial hardship, starting his first business at just 12 years of age by selling newspapers. Three years later, he started a new business operating a vending machine. His studies didn’t go well, and he dropped out of both college and a trade school before joining the military. After his army service, Adelson started a new business selling toiletries, followed by several more businesses before making his big break with a charter-bus tour company. In his 30s, he had already become a millionaire. A few years later, he was the co-creator of one of the first computer industry trade shows. The business grew exponentially and was sold to a Japanese company in 1995 for $862 million (of which $500 million went to Adelson). Meanwhile, Adelson had started investing in Las Vegas real estate. His first major venture there was purchasing the Sands Hotel and Casino for $110 million. A few years later, he dreamed of building a massive resort hotel and the result was The Venetian. Adelson also built a casino in Pennsylvania, in Singapore, and the Sands Macao, which was China’s first Vegas-like casino. The latter was one of Adelson’s most profitable investments, with some estimates suggesting it multiplied his wealth by fourteen times! In 2007, Adelson started a new conservative-leaning newspaper in Israel, called Israel Hayom. Distributed for free, it became the country’s number-one weekday paper. Originally a Democrat, Adelson grew disenchanted with the party and became a Republican. He always believed business and politics should not mix, and that wealthy people shouldn’t influence elections. However, when he discovered how strongly some wealthy people were influencing elections, he felt he had no choice but to do so as well. Over the years, Adelson donated hundreds of millions to support various Republican candidates. While he initially did not favour Trump, he ended up backing him due to Trump’s promises to help Israel. He gave around $65 million for Trump’s 2016 campaign, another $113 million to Republicans in 2018, followed by another $100 million in the last election. Trump’s erratic behaviour and obsession with election fraud led to a rift between the two, and they had not spoken following the election. A generous philanthropist, Adelson gave nearly $500 million for Birthright Israel (being its largest individual donor), $50 million to Yad Vashem, $25 million to build a medical school at Ariel University in Israel’s historic heartland, as well as nearly $20 million to fund Israel’s young space-exploration industry. His contributions played a key role in getting