Tag Archives: Miami

Jews of the Week: Joe, Ralph, and Avi Nakash

The Jordache Brothers

Avi, Joe, and Ralph Nakash

Joseph Nakash (b. 1942) was born in Israel to poor Syrian-Jewish immigrant parents. At 20, having never finished high school, Joseph moved to New York with just $25. He initially worked as a stock boy making $40 a week before taking over as store manager, saving money to bring over his brothers, Raphael and Avraham, from Israel. Soon after they arrived, the trio combined their savings to purchase an appliance store in Brooklyn, which they converted to a retailer selling designer jeans. The store was an instant hit, and in just a few years, they opened three more locations. They soon started producing their own brand of jeans: Jordache (a contraction of their names: Joe, Ralph, his son David, and Avi Nakash). Taking a loan to start a massive ad campaign, the brothers were able to turn Jordache into a household name in jeans. By the mid-80s, their revenues neared half a billion dollars, and the brothers began to expand their business into other areas. They started their own global cargo shipping business, and also acquired 50% of Guess (a deal which ended in 1990 with Jordache keeping the “Gasoline” brand and Guess keeping the “Diesel” brand). By 1995, Jordache began to lose its “high-end” status so the brothers made an agreement with Wal-Mart to sell the jeans as a discount label. This actually turned out to be a blessing, further propelling their sales. At the same time, they began to manufacture jeans for other brands like Tommy Hilfiger, American Eagle, and even Levi’s! Since then, the Nakash brothers have also expanded into airlines, hotels, agriculture, banking, and real estate. Their Israeli olive oil factory produces award-winning oils, and their Tel-Aviv tomato plant supplies Heinz with tomato paste. Most recently, they purchased Miami’s Versace Mansion (outbidding Donald Trump), and the Setai Miami Beach Hotel, among the city’s most expensive and prestigious. Their shipping company also won exclusive rights to operate Israel’s Red Sea port in Eilat. Despite the fact that the Nakash empire is worth over $2 billion, many of the company’s decisions are still hammered out at the family’s Shabbat dinner table.

Words of the Week

One who does not see God everywhere does not see Him anywhere.
– Rabbi Menachem Mendel of Kotzk, The Kotzker Rebbe

Jews of the Week: Ted & Shari Arison

Ted Arison

Ted Arison

Theodore Arisohn (1924-1999) was born in Tel-Aviv, a third-generation Israeli of Jewish-Romanian heritage. During World War II, Arisohn fought with the Jewish Brigade of the British Army, and then as an IDF Lieutenant Colonel during Israel’s War of Independence. In 1952, Arisohn moved to the US (becoming “Arison”) in the hopes of better financial opportunities. In 1966, now living in Miami, Arison teamed up with Knut Kloster to create Norwegian Cruise Lines. The company started with one small cruise ship offering cheap Caribbean tours, and grew very quickly. By 1972, Arison left Norwegian and started a new company: Carnival Cruise Lines. It was here that Arison made his fortune, and transformed the company into a multi-billion dollar enterprise. The Carnival Corporation now owns 9 other cruise lines, including Costa, Holland America, and Princess Cruises. Arison was a noted philanthropist, too, creating the National Foundation for Advancement in the Arts, as well as his own Arison Foundation. In 1988, Arison brought professional basketball to Florida by forming the Miami Heat NBA team. His final big move came in 1996, when he led a group that purchased Israel’s largest bank – Bank Hapoalim – for a record sum of over $1 billion.

Shari Arison

Shari Arison

Today, Bank Hapoalim is led by Ted’s daughter, Shari Arison (b. 1957). Born in New York, Shari spent half of her youth in Israel and the other half in the US, before returning to serve in the IDF. She further expanded her father’s businesses after his death, and is now the richest woman in the Middle East (and the only woman listed among the Middle East’s Top 20 richest people). Shari heads The Ted Arison Family Foundation, with its many philanthropic branches. One of these is dedicated to helping people find “inner peace”, while another is for promoting global unity, and a third for inspiring volunteerism in youth and creating International Good Deeds Day. Shari published her first book in 2009 and it became an Israeli bestseller. Her second, Activate Your Goodness: Transforming the World through Doing Good, was a New York Times bestseller, too. She has been selected “Woman of the Year”, has been ranked among Forbes list of the World’s Most Powerful Women, and the World’s Greenest Billionaires, as well as Jerusalem Post’s 50 Most Influential Jews.

Words of the Week

Such is the way of creation: first comes darkness, then light.
– Talmud, Shabbat 77b