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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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IDF Nabs Islamic State Terror Suspect in Syria
Guns seized in the course of the operation. Photo: IDF Spokesperson via i24
i24 News – Israel Defense Forces soldiers conducted an operation on Wednesday in the area of Rafid in southern Syria to apprehend a suspected terrorist affiliated with ISIS, the military spokesperson said on Saturday.
The announcement comes as Washington announced a major operation to eliminated Islamic State terrorists in Syria after three Americans lost their lives in a jihadist attack in Palmyra.
The Israeli soldiers completed the operation in Syria “in cooperation with IDF intelligence,” the statement read, adding that “the suspect was transferred for further processing in Israeli territory.”
Additionally, during the operation, weapons were found and seized.
IDF troops “continue to remain deployed along the Golan Heights border in order to protect the State of Israel and its citizens,” the statement from the spokesperson concluded.
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Report: Trump Admin Envisions Transformation of Gaza into Chic High-Tech Metropolis
US Middle East envoy Steve Witkoff, Washington, DC, Jan. 20, 2025. Photo: REUTERS/Carlos Barria
i24 News – The US administration of President Trump vision for the future of Gaza has it transformed into a high-end high-tech hub of luxury and innovation, the Wall Street Journal reported Saturday.
A team of officials understood to be led by Trump’s son-in-law Jared Kushner and special Middle East envoy Steve Witkoff developed a draft proposal to convert the war-ravaged Palestinian territory into a glittering metropolis, propelling Gazans from poverty to prosperity.
US officials with familiarity with the plan—pitched to foreign governments and delegations as a PowerPoint presentation— are cited in the report as saying that, understandable open-endedness of a project in its early phase notwithstanding, the blueprint has many lacunae and leaves crucial questions unanswered.
Critics cite the plan’s silence on the thorny question of disarming Hamas, the Islamist terror group that ruled Gaza for the past 15 years, and initiated the cross-border incursion and massacre of Israelis on October 7, 2023; the attack launched the devastating war that has left much of the coastal territory in ruins.
The plan’s projected cost is put at $112.1 billion over 10 years, with Washington prepared to commit support to the tune of some $60 billion in grants and guarantees on debt for “all the contemplated workstreams” in that time period.
The question of where two million Gazans would reside during the costly and lengthy rebuilding is also left unaddressed, it is understood.
Similar-sounding plans have been mooted by the Trump administration even before it managed to broker a ceasefire in October that paused the two year-long war.
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Lebanon Close to Completing Disarmament of Hezbollah South of Litani River, Says PM
FILE PHOTO: Lebanese Prime Minister Nawaf Salam speaks to journalists at the government headquarters in Beirut, Lebanon, December 3, 2025. REUTERS/Mohamed Azakir/File Photo
Lebanon is close to completing the disarmament of Hezbollah south of the Litani River, Prime Minister Nawaf Salam said on Saturday, as the country races to fulfil a key demand of its ceasefire with Israel before a year-end deadline.
The US-backed ceasefire, agreed in November 2024, ended more than a year of fighting between Israel and Hezbollah and required the disarmament of the Iran-aligned terrorirst group, starting in areas south of the river adjacent to Israel.
Lebanese authorities, led by President Joseph Aoun and Salam, tasked the US-backed Lebanese army on August 5 with devising a plan to establish a state monopoly on arms by the end of the year.
“Prime Minister Salam affirmed that the first phase of the weapons consolidation plan related to the area south of the Litani River is only days away from completion,” a statement from his office said.
“The state is ready to move on to the second phase – namely (confiscating weapons) north of the Litani River – based on the plan prepared by the Lebanese army pursuant to a mandate from the government,” Salam added.
The statement came after Salam held talks with Simon Karam, Lebanon’s top civilian negotiator on a committee overseeing the Hezbollah-Israel truce.
Since the ceasefire, the sides have regularly accused each other of violations, with Israel questioning the Lebanese army’s efforts to disarm Hezbollah. Israeli warplanes have increasingly targeted Hezbollah in southern Lebanon and even in the capital.
Hezbollah, a Shi’ite Muslim group, has tried to resist the pressure – from its mainly Christian and Sunni Muslim opponents in Lebanon as well as from the US and Saudi Arabia – to disarm, saying it would be a mistake while Israel continues its air strikes on the country.
Israel has publicly urged Lebanese authorities to fulfil the conditions of the truce, saying it will act “as necessary” if Lebanon fails to take steps against Hezbollah.