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Jew of the Week: Sammy Ofer

Israel’s Richest Man

Sammy Ofer (Courtesy: www.sammy-ofer.com)

Shmuel Hershkovitz (1922-2011) was born in Romania and raised in Haifa. He grew up by the seashore as his father ran a ship supply shop near the port of Haifa. Hershkovitz himself worked for the Dizengoff shipping company in his youth. When World War II broke out, he enlisted in the British Navy and served on a minesweeper in the Mediterranean. He later fought in Israel’s Independence War serving in what would become the Israeli Navy. Hershkovitz was among Israel’s first naval officers. After the war, he worked for the family business before purchasing his own ship to import goods for the new State. As the business expanded and the fleet of ships grew, Hershkovitz changed the name of the company, and his own last name, to “Ofer”. In 1969, the company partly merged with Israel’s largest shipping company, ZIM. It continued to operate under the management of Ofer’s brother, while Ofer himself moved to Europe to start a new shipping business. By the late 80s, his company had a fleet of over 200 ships, and partly owned Royal Caribbean Cruise Lines. It later expanded into real estate, banking, and other industries. Ofer became Israel’s richest man, with a net worth of several billion dollars. He shared a lot of that wealth, too. In 2007, he donated $25 million to the Rambam Hospital in Haifa, most of which went to build a 2000-bed state-of-the-art underground, bomb-proof hospital. (The facility has now been converted into a coronavirus treatment centre.) The following year, Ofer donated £20 million to London’s National Maritime Museum—the largest private donation to a museum in British history. He gave sizeable gifts to Tel Aviv Medical Center and IDC Herzliya as well, and established the Medicines Foundation to subsidize the cost of cancer treatment for those in need. All in all, Ofer donated over $100 million to hospitals in Israel. He also gave $20 million to build the Sammy Ofer Stadium, the home of Maccabi Haifa and Hapoel Haifa soccer clubs and Israel’s second-largest sports facility with over 30,000 seats. In 2008, Ofer was knighted by Queen Elizabeth. His two sons remain among the richest Israelis in the world (though they live in Monaco). Last week, his son Eyal donated 10 million shekels to three Israeli hospitals to help fight coronavirus. His other son Idan gave the largest ever donation (£25 million) in honour of his father to the London Business School, whose townhall has since been renamed the Sammy Ofer Centre.

Words of the Week

Every Jew is obligated to study Torah, whether he is poor or rich, healthy or ill, young or old. Even if one is destitute or if he has familial obligations, he must still establish fixed times for Torah study.
Rabbi Moshe ben Maimon, the Rambam, 1135-1204 (Mishneh Torah, Hilkhot Talmud Torah 1:8)

Jews of the Week: Evelyn de Rothschild & Jacob Rothschild

In honour of Jew of the Week’s 7th birthday this November, we will feature a month-long series on the most famous (and sometimes infamous) Jewish family of all time: the Rothschilds. This is part five of five. Click here for part one, here for part two, here for part three, and here for part four.

Sir Evelyn de Rothschild (Credit: Raul Vasquez/Bloomberg)

Having explored the lives and achievements of the first generations of Rothschilds, we now turn to the Rothschilds of our days. Although the family has grown very large over the centuries, with the number of members in the thousands, two Rothschilds stand out, and are undoubtedly the most famous in modern times. The elder is Evelyn Robert Adrian de Rothschild (b. 1931), who spent part of his childhood in the United States. There he had his first job: distributing soda and sundaes at a pharmacy. This played a role in making him a “chocoholic”, and led to his eventual founding of an award-winning chocolate shop. Evelyn officially joined the family business at age 26, and successfully widened the family fortune. He was made chairman in 1982. He has also served as chairman of The Economist magazine, De Beers diamonds, and IBM UK. In 1989 he was knighted by Queen Elizabeth II, and remains her personal financial adviser. Like the rest of his family, Sir Evelyn is a noted philanthropist and patron of the arts. He has donated countless sums, and his Eranda Foundation finances social welfare programs, medical research, education, and art. He has chaired a medical school and an arts academy, and is part of a trust fund that provides scholarships for students with disabilities. (His chocolate shop, too, uses only ethically-sourced cocoa beans, and a portion of all sales is donated to Elephant Family, a nature conservation charity.) Sir Evelyn retired from the family business in 2003, after engineering the merger of the London and Paris Rothschild groups into one company.

Jacob Rothschild, 4th Baron Rothschild

One person who is conspicuously absent from this new Rothschild company is Evelyn’s cousin, Nathaniel Charles Jacob Rothschild (b. 1936), officially the Lord Rothschild. He was the firstborn son of the previous Rothschild baron, thereby inheriting the title. He joined the family business after receiving a Ph.D in history from Oxford University. He expected to eventually take over the family business, but cousin Evelyn was selected instead, leading Jacob to resign in disappointment, and sell his stake in the company. Undeterred, Jacob started his own investment fund and quickly multiplied his fortune (now estimated at $5 billion), proving his doubters wrong. He is a major philanthropist and patron of the arts. One of his pet projects is converting the Waddeston family manor into one of the top museums and art galleries in the world. It attracts half a million visitors a year, and has won a Museum of the Year Award. Jacob has given funds for archaeological research, and large sums to the State of Israel. He chairs Yad HaNadiv, the Israeli arm of The Rothschild Foundation, which invests in Israeli education, environmental restoration, civic projects (including the Knesset, Supreme Court, and National Library buildings), and supports Arab communities. The baron is also president of the Institute for Jewish Policy Research. He has won a long list of awards for his philanthropic work and support for the arts, his wisdom and financial acumen. Click here to see a recent documentary about Jacob Rothschild and his family.

Words of the Week

I did not support you and take you under my wing due to your poverty but due to your passion to work and live in the Holy Land, and to live in accordance with the spirit of the Torah.
– Edmond de Rothschild, to farmers in Israel