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Sam Zell, Jewish billionaire whose media purchase tarnished a legendary career, dies at 81
(JTA) — Sam Zell, a Chicago real estate magnate and son of Holocaust survivors who led a tumultuous leveraged buyout that bankrupted the Tribune media company in the early 2000s, died Thursday. He was 81.
Before buying the Tribune Co. in 2007, the billionaire was known for his gift for reviving moribund companies. He developed an office-tower company that he sold to the Blackstone Group for $39 billion in 2007. His firm also invested in manufacturing, travel, retail, healthcare and energy. He pioneered the use of REITs, real estate securities that trade like stocks on the major exchanges.
But Zell appeared to lose his magic touch in 2007 after buying the Tribune company and its assets, which included televisions stations, the Chicago Cubs baseball team and major newspapers, including the Chicago Tribune and the Los Angeles Times. The company foundered in what Zell himself called the “deal from hell,” and filed for bankruptcy in December 2008, one year after Zell took the company private in a heavily leveraged $8.2 billion deal. The deal took place at a time of declining fortunes in the media industry, Zell’s personal leadership and decision to saddle the company with debt were widely blamed for the failure.
“The ‘grave dancer’ of real estate development was now the ‘grave digger’ of the newspaper world,” a Forbes columnist wrote at the time.
Zell was a major donor to Jewish causes, including the Herzliya Interdisciplinary Center in Israel, the Israel Center for Social and Economic Progress, the American Jewish Committee and the Bernard Zell Anshe Emet Day School, named for his father, in Chicago. (Its alumni include former Chicago Mayor Rahm Emanuel and actor Ike Barinholtz; a Jewish high school in Chicago is named for Zell’s mother Sophie.)
According to a 2007 profile in the Forward, Zell would regale campers as a Jewish summer camp counselor with tales of his parents’ escape from the Holocaust. According to his 2017 autobiography, “Am I Being Too Subtle? Straight Talk From a Business Rebel,” Zell’s parents, then known as Ruchla and Berek Zielonka, escaped from Poland at the onset of the Nazi invasion and embarked with their 2-year-old daughter on a circuitous, 21-month journey that took them through Lithuania, Russia and Japan before they made it to the United States. They travelled on transit visas supplied by Chiune Sugihara, a Japanese diplomat in Vilnius who saved thousands of Jews.
Zell was born on Sept. 28, 1941, in Chicago. He graduated in 1963 from the University of Michigan, where he was also a member of the Jewish Alpha Epsilon Pi fraternity. He managed student housing apartments as an undergraduate and founded his chief investment vehicle, Equity Group Investments, in 1968.
“Sam Zell was a self-made, visionary entrepreneur. He launched and grew hundreds of companies during his 60-plus-year career and created countless jobs,” Equity Group Investments said in a written statement on Thursday. “Although his investments spanned industries across the globe, he was most widely recognized for his critical role in creating the modern real estate investment trust, which today is a more than $4 trillion industry.”
Zell was married three times. His survivors include his wife, Helen, three children and nine grandchildren.
Zell credited his own drive to the lessons he learned from his parents. In his memoir, he remembers seeing footage of the concentration camp atrocities that his parents escaped.
“Those unforgettable images were my introduction to the Holocaust,” Zell wrote. “Looking back, I can see that they accelerated my maturity and gave me a sober awareness of the world. That film also went a long way toward helping me understand my parents’ orientation toward life — why they pushed so hard and were so determined for their children to succeed. Economic success had been critical in securing their freedom. They had escaped Poland in part because they had the means to do so — my father’s prescience in storing away money.”
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Canada Boosts Security at US, Israeli Diplomatic Buildings After Consulate Shooting
A member of law enforcement personnel works at the scene outside the US Consulate after shots were fired, in Toronto, Ontario, Canada, March 10, 2026. Picture taken with a mobile phone. Photo: REUTERS/Kyaw Soe Oo
Canada is increasing security around US and Israeli diplomatic buildings after a shooting at the US consulate in Toronto, a Canadian police official said on Tuesday.
Royal Canadian Mounted Police Chief Superintendent Chris Leather said the consulate shooting is being investigated as a “national security incident,” although it’s too early to determine the motive.
Leather said the US and Israeli consulates in Toronto, the country’s most populous city, and embassies in the capital Ottawa will be seeing a change in the security posture in response to the shooting.
“These consulates deserve a heightened amount of vigilance and security at this time in the hopes that we can bring the temperature down in the coming days and weeks,” Leather told reporters at a press conference.
Toronto Police Deputy Chief Frank Barredo said police were called to the US consulate in Toronto around 5:30 am ET on Tuesday, where they found spent shell casings and damage to the building.
Barredo said witness evidence indicated that two men exited a white SUV that was stopped outside the consulate around 4:30 am ET, shot a handgun at the front of the building and then drove away.
While there were people in the building at the time of the shooting, police say no one was injured.
SYNAGOGUE SHOOTINGS
The consulate shooting follows three separate incidents last week where gunshots were fired at synagogues in the Toronto area. No one was injured in those shootings. Canadian Prime Minister Mark Carney called the attacks “criminal antisemitic assaults.”
Barredo said it’s too early to draw a connection between the consulate shooting and those at the synagogues.
“We definitely will be looking at any possible connections. Obviously, it is far too early in this investigation, but we do not look at them in isolation,” he said.
Canada‘s public safety minister described the consulate shooting as an unacceptable incident.
“The shooting … is absolutely unacceptable. Canada will never tolerate intimidation and violence of any kind, including towards our American friends in Canada,” Public Safety Minister Gary Anandasangaree said in a post on X.
The US State Department said in a statement that it was aware of the incident and was closely monitoring the situation in coordination with local law enforcement.
Separately, on Sunday, an improvised device exploded in Norway at the US embassy in Oslo, and police were still searching for a suspect, with a possible link to the Iran war among the lines of inquiry.
In New York City, two men have been charged with terrorism after throwing a homemade bomb at anti-Islam protesters over the weekend.
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Suspected Hamas Member Detained in Cyprus Over Weapons Procurement
Palestinian Hamas terrorists stand guard at a site as Hamas says it continues to search for the bodies of deceased hostages, in Beit Lahiya in the northern Gaza Strip, Dec. 3, 2025. Photo: REUTERS/Stringer
Cypriot authorities have detained a suspected member of Palestinian terrorist group Hamas wanted in Germany for procuring weapons and ammunition for attacks on Israeli or Jewish facilities, German federal prosecutors said on Tuesday.
The Lebanese-born suspect, identified only as Kamel M. in line with German privacy rules, was detained at Cyprus‘ Larnaca airport on March 6, arriving from Lebanon, they added in a statement.
The suspect is wanted in relation to the transport of 300 rounds of live ammunition, according to prosecutors. It wasn’t clear from the statement where the rounds had come from, or where they were thought to be heading.
“The operation served as preparation for deadly Hamas attacks on Israeli or Jewish institutions in Germany and Europe,” they said.
Police also searched the suspect’s apartment in Berlin.
Once Kamel M. is extradited to Germany, a judge will decide on pre-trial detention, the statement said.
Attacks against Jews and Jewish targets have risen worldwide since Israel’s war against Hamas in Gaza, triggered by the Islamist group’s 2023 attacks on Israel.
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Russia Told Trump It Isn’t Sharing US Military Asset Info With Iran, Says Witkoff
Russian President Vladimir Putin and Iranian President Masoud Pezeshkian attend a documents signing ceremony in Moscow, Russia, Jan. 17, 2025. Photo: REUTERS/Evgenia Novozhenina/Pool
Russia has denied sharing intelligence with Iran on US military assets in the Middle East, US special envoy Steve Witkoff said on Tuesday in a CNBC interview.
Witkoff said the denial came during a phone call that US President Donald Trump had with Russian President Vladimir Putin on Monday.
The Washington Post reported on Friday that Russia was providing Iran with targeting information that included locations of US warships and aircraft in the Middle East.
“Yesterday on the call with the president, the Russians said that they have not been sharing,” Witkoff said when asked if Washington thought Russia had shared with Tehran intelligence about the location of US military assets.
“We can take them at their word. But they did say that. And yesterday morning, independently, Jared [Kushner] and I had a call with [Kremlin foreign policy aide Yuri] Ushakov who reiterated the same,” said Witkoff.
He added: “That’s a better question for the intel people, but let’s hope that they’re not sharing.”