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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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Rubio Says Iran War to Last ‘Weeks Not Months,’ No US Ground Troops Needed
A view of a residential building damaged by a strike, amid the US-Israeli conflict with Iran, in Tehran, Iran, March 23, 2026. Photo: Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
The US expects its operation against Iran to conclude within weeks, not months, and Washington can meet all its objectives without using ground troops, US Secretary of State Marco Rubio said on Friday.
Rubio told reporters after meeting G7 counterparts in France that Washington was “on or ahead of schedule in that operation, and expect to conclude it at the appropriate time here – a matter of weeks, not months.”
While he said Washington could achieve its aims without ground troops, he acknowledged it was deploying some to the region “to give the president maximum optionality and maximum opportunity to adjust the contingencies, should they emerge.”
Washington has dispatched two contingents of thousands of Marines to the region, the first of which is due to arrive around the end of March aboard a huge amphibious assault ship. The Pentagon is also expected to deploy thousands of elite airborne soldiers.
The deployments have raised concerns that the war, which the US and Israel launched on Feb. 28 with airstrikes that killed Iran‘s supreme leader and other top officials, could turn into a prolonged ground battle. Iran‘s response, striking US and Israeli targets in the region as well as civilian targets in Gulf Arab nations and shipping, has severely disrupted global trade in energy and other commodities, raising fears of rising prices and recession.
US President Donald Trump has appeared anxious to wind down the unpopular war, and emphasized this week what he has described as productive negotiations aimed at a diplomatic solution to the war, despite repeated assertions from Tehran that no such talks have begun. On Thursday, Trump extended a deadline by 10 days for Iran to reopen the blockaded Strait of Hormuz or face attacks against its civilian energy grid.
Rubio discussed with G7 foreign ministers the possibility that Iran, even after the conflict ends, could try to impose shipping tolls through the Strait of Hormuz. Rubio said European and Asian countries that benefit from trade through the waterway should contribute to efforts to secure free passage through the strait, downplaying the US dependence on the trade.
NEW STRIKES ON IRAN
Iranian media reported strikes on Iran‘s decommissioned heavy-water nuclear research reactor and a factory producing yellowcake uranium late on Friday, and said there were no radiation leaks or danger arising from either attack. Iran informed the International Atomic Energy Agency there was no increase in off-site radiation levels at the yellowcake facility, the IAEA said on X, adding that it would look into the report.
Iranian Foreign Minister Abbas Araqchi said on X that Israel, in coordination with the US, had also hit two steel factories and a power plant. “Attack contradicts POTUS extended deadline for diplomacy. Iran will exact HEAVY price for Israeli crimes,” Araqchi said, using an acronym for the president.
A senior Iranian told Reuters that Tehran had not decided whether to respond to a 15-point proposal the US sent this week after attacks on industrial and nuclear infrastructure on Friday. The official said Iran had expected its response to be delivered on Friday or Saturday, but said the continuing strikes while the US was seeking talks was “intolerable.”
The US proposal, sent via Pakistan two days ago, is reported to include demands ranging from dismantling Iran‘s nuclear and missile programs to relinquishing control of the world’s most important trade route for energy supplies.
The war has spread across the Middle East, killing thousands of people and causing a major disruption to energy supplies, hitting the global economy with soaring oil, gas, and fertilizer prices that have fueled inflation fears.
In Iran, more than 1,900 people have been killed and at least 20,000 injured, said Maria Martinez of the International Federation of Red Cross and Red Crescent Societies.
Attacks on Israel by Iran‘s Lebanese ally Hezbollah have also prompted an Israeli campaign that has displaced a fifth of Lebanon’s population.
IRAN STILL POSSESSES MISSILES
The United States, which has set out to neutralize Iran‘s long-range strike capabilities, can only confirm that about a third of the country’s missile arsenal has been destroyed, five people familiar with the US intelligence told Reuters.
As the damage mounts, Gulf Arab states are telling the US that any deal must not merely end the war but also permanently curb Iran‘s missile and drone capabilities and ensure global energy supplies are never again weaponized, four Gulf sources said.
Far from being laid low, Iran‘s clerical rulers and the increasingly powerful Guards are still peppering the region with airstrikes, driving up energy prices and roiling financial markets.
While a third of Iran‘s missile stock may still be available for use, another third is likely to be damaged or buried in tunnels, some of which could be recovered once fighting stops, said four of the sources familiar with US intelligence, who asked to remain anonymous.
One source said the intelligence on Iran‘s drone capability was similar, with about a third most likely destroyed.
Stock markets continued their slide on Friday, while the Brent crude oil benchmark topped $112, having risen more than 50% since the war began.
In the US. where Trump is politically vulnerable to rising fuel prices, diesel in California hit an all-time high at an average $7.17 a gallon, the American Automobile Association said.
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More Than 400 Hezbollah Fighters Killed in New War With Israel So Far, Sources Say
Smoke rises after an Israeli strike, amid escalating hostilities between Israel and Hezbollah, as the US-Israeli conflict with Iran continues, in southern Lebanon, March 24, 2026. Photo: REUTERS/Stringer
More than 400 fighters from Hezbollah have been killed since the Iran-backed Lebanese terrorist group launched the opening salvoes of a new war with Israel on March 2, two sources familiar with Hezbollah‘s count told Reuters.
The figure was the first overall toll provided of Hezbollah fighters killed in Israel‘s expanding air and ground campaign in Lebanon. The group has issued sporadic notices for a few individual fighters but has not provided an official overall toll.
In a 2023-2024 war with Israel, Hezbollah issued daily death notices for each fighter killed and said after the war that some 5,000 had been killed in total.
The Israeli military gave a higher toll of the group’s latest losses than the sources, saying this week it has killed at least 700 Hezbollah fighters in Lebanon, including hundreds of members of the group’s elite Radwan Force.
Lebanon’s health ministry said on Friday that Israeli strikes and ground operations had killed 1,142 people in Lebanon. They include 122 children, 83 women, and 42 medical personnel. The health ministry does not otherwise distinguish between civilians and combatants.
On Friday, the Israeli military said that a soldier and a combat officer had been severely injured overnight during its operations in Lebanon. The military has previously said four of its soldiers have been killed in fighting in southern Lebanon.
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Iran-Linked Hackers Breach FBI Director’s Personal Email, Publish Photos and Documents
The website used by the Handala Hack Team, an Iran-linked hacker group which has claimed credit for the breach of FBI Director Kash Patel’s personal email, is shown on a screen in Washington DC, US, March 27, 2026. Photo: REUTERS/Raphael Satter
Iran–linked hackers have broken into FBI Director Kash Patel’s personal email inbox, publishing photographs of the director and other documents to the internet, the hackers and the bureau said on Friday.
On their website, the hacker group Handala Hack Team said Patel “will now find his name among the list of successfully hacked victims.” The hackers published a series of personal photographs of Patel sniffing and smoking cigars, riding in an antique convertible, and making a face while taking a picture of himself in the mirror with a large bottle of rum.
The FBI confirmed Patel’s emails had been targeted. In a statement, bureau spokesman Ben Williamson said, “we have taken all necessary steps to mitigate potential risks associated with this activity” and that the data involved was “historical in nature and involves no government information.”
Handala, which presents itself as a group of pro-Palestinian vigilante hackers, is considered by Western researchers to be one of several personas used by Iranian government cyber-intelligence units. Handala recently claimed the hack of Michigan-based medical devices and services provider Stryker on March 11, saying they had deleted a massive trove of company data.
Handala did not return messages. Reuters could not access its website late on Friday.
Alongside the photographs of Patel, the hackers published a sample of more than 300 emails, which appear to show a mix of personal and work correspondence dating between 2010 and 2019.
Reuters was not able to independently authenticate the Patel messages, but the personal Gmail address that Handala claims to have broken into matches the address linked to Patel in previous data breaches preserved by the dark web intelligence firm District 4 Labs. Alphabet -owned Google, which runs Gmail, did not respond to a request for comment.
‘MAKE THEM FEEL VULNERABLE’
Iran–linked hackers – who initially kept a low profile after the United States and Israel launched coordinated strikes against the Islamic Republic last month – have increasingly boasted of their cyber operations as the conflict drags on.
In addition to the hack against Stryker, Handala on Thursday claimed to have published the personal data of dozens of defense company Lockheed Martin employees stationed in the Middle East. In a statement, Lockheed Martin said it was aware of the reports and had policies and procedures in place “to mitigate cyber threats to our business.”
Gil Messing, chief of staff at Israeli cybersecurity company Check Point, said the hack-and-leak operation against Patel was part of Iran‘s strategy to embarrass US officials and “make them feel vulnerable.”
The Iranians, he said, are “firing whatever they have.”
It is not unusual for foreign hackers to target senior officials’ personal emails, and breaches and leaks both happen periodically. Hackers famously broke into Hillary Clinton campaign chairman John Podesta’s personal Gmail account ahead of the 2016 election and published much of the data to the WikiLeaks site. In 2015, teenage hackers broke into then-CIA director John Brennan’s personal AOL account and leaked data about US intelligence officials.
Relatively unsophisticated breaches of this nature are in line with a U. intelligence assessment reviewed by Reuters on March 2. The assessment said Iran and its proxies could respond to the killing of Iranian Supreme Leader Ayatollah Ali Khamenei with low-level hacks against US digital networks.
Iran–linked hackers may have other emails in reserve.
Last year, another group operating under the pseudonym “Robert” told Reuters it was considering disclosing 100 gigabytes of data stolen from White House chief of staff Susie Wiles and other figures close to US President Donald Trump.
Reuters has not been able to verify the claim and the group has not responded to messages in several months.
