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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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The mysterious case of Barbra Streisand and the missing half-pound of Zabar’s sturgeon
The whole story of Barbra Streisand and the sturgeon began a few months ago on a Thursday when I was at my regular spot at the fish counter.
A very pleasant, attractive woman ordered a pound of Nova and, before Slim, my long sharp slicing knife, and I started our journey through the salmon, she said, “I’m buying this for Barbra Streisand.”
I was skeptical, so I asked her what her relationship was with Barbra. She told me her name was Christine and that she was Barbra’s editor and had edited Barbra’s autobiography. Well, that made me look up and take notice. She must be genuine, I thought, who would make up such a story?
As I sliced, I heard Barbra in my head singing “You’ll Never Walk Alone” and lost all track of time. I threw the lox I had sliced up on the scale with flair; one pound it was.
While I continued to work, an idea popped into my head. I spotted a succulent block of sturgeon in the showcase of fish and thought, “I’m going to cut as perfect a slice as I can, wrap it carefully in tissue paper and place it neatly in the Zabar’s wrapping on top of the pound of Nova.” I didn’t disclose what I was doing because I wanted it to be a lovely surprise — if she happened to like sturgeon, that is.
Two Thursdays later, when I arrived at work, I found a small square envelope sitting on my board face-up. It read “For Len.” Inside was a folded card on which was printed in raised gold letters “BARBRA STREISAND.”
I opened the card, looked inside and found a handwritten note: “Dear Len, What a lovely gift! Did you know how much I love sturgeon? Thank you. It was delicious!” She signed it “Barbra” in a nice, swirly signature.
That night at home, I just couldn’t get it out of my mind: I actually had a handwritten note from Barbra Streisand. How many people could say that? Now that I knew she liked sturgeon, I decided I would personally send her a pound as a gift. But then I stopped.
“You don’t know her,” I said to myself. “It would be inappropriate and silly. I went back and forth until I gave up, watched Yentl instead, then went to sleep.
That night, I had a dream.
Barbra was in Zabar’s, walking up and down the aisles, smiling, going through each department, carefully selecting items when, suddenly, she noticed that her shopping cart was full. At that moment, she found herself standing opposite me at the fish counter.
“Welcome to the heart of the store, Ms. Streisand,” I said.
She smiled, I smiled back. I invited her to step behind the counter so she could have a better, closer look at all the fish. Next thing I knew she was standing there beside me, asking about my slicing technique and, for that fleeting moment, I was the star — a master lox slicer.
“Look who’s here, guys,” I told my co-workers. “It’s Barbra Streisand paying us a short visit,” at which point Barbra and I began a duet — “People who need people are the luckiest people in the world.” I wanted so much to finish the song with her, but I woke up before I could.
In the morning, as I considered Barbra’s thank you note and our unfinished dream duet, I realized that she and I have a lot more in common than meets the eye.
We are both old. She is 83 and I am 95. We’re both Jewish. We both like sturgeon. But most of all we are both professional singers — my career started in 5th grade, at P.S. 180 in Brooklyn, when I was chosen to sing the lead in Walt Whitman’s “I Hear America Singing.” Then, in 6th grade, I played Nanki-Poo in The Mikado. And, when I was 12, I sang in the Oscar Julius Choir at Tempel Bethel in Borough Park. I also sang at Jewish weddings — 50 cents as part of a choir, $1 when I performed a solo.
Suddenly, I realized that maybe it wouldn’t be so inappropriate to send Barbra a half-pound of sturgeon as a belated 83rd birthday present. Except I didn’t have her address.
Enter Christine.
On another Thursday, as I was cleaning my knives, one of my co-workers tapped me on the shoulder and told me there was a woman looking for me. And there she was. Did Barbra want more Nova, I wondered, or some sturgeon?
She told me she had an appointment in the neighborhood and thought she’d stop in and say hello. I told her how I had considered sending Barbra a belated birthday gift, though I added that it would be just as easy for her to order some online.
Christine gave me her phone number, so later I texted her and asked if I could send Barbra the sturgeon. “Sure,” she texted back and gave me an address.
I got to work.
I selected the best-looking block of sturgeon in the display counter, sliced off half a pound and wrapped it up. Then I removed the dorsal fin from the most succulent whitefish in the showcase, wrapped it and placed it on top of the sturgeon. I walked over to the bakery and retrieved one of Zabar’s rugelach, wrapped it in foil and placed it alongside the dorsal fin. There was a paper plate on the shelf behind me. I took out my black marker and wrote “Happy Birthday” to Barbra and signed my name.
I finished the package and brought it up to Bernardo in the shipping department, and gave him instructions as to where and to whom it should be sent. I returned to the fish counter thinking a job well done. But — she never got the sturgeon
I set the wheels in motion with the appropriate department at Zabar’s to investigate “The case of the missing sturgeon.”
In the annals of crime, there are those cases that go down in the books as unsolved; so too in the world of undelivered smoked fish. This is one of those cases.
As for the replacement sturgeon I sent to Barbra, a recent call to Christine revealed somewhat anticlimactically, that Barbra did receive it, but due to some confusion, it was sliced and sent as a regular shipment with no indication that it came from me, her fellow singing professional. Perhaps she sent a perfunctory thank you note to Zabar’s, perhaps she wondered why she was getting another round of sturgeon, without explanation, so close to her birthday, or maybe, just maybe, she suspected it was from her new friend, Len.
Still, I’d like to think that I’ll have another opportunity to wish her a happy birthday. When her 84th comes around in a couple of months, I’ll be at the fish counter. And I’ll be ready.
The post The mysterious case of Barbra Streisand and the missing half-pound of Zabar’s sturgeon appeared first on The Forward.
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Nick Fuentes says his problem with Trump ‘is that he is not Hitler’
(JTA) — In the fall, a video of Nick Fuentes criticizing Donald Trump drew the praise of progressive ex-Congressman Jamaal Bowman.
“Finally getting it Nick,” Bowman commented, apparently recognizing some common ground between himself on the left and Fuentes, on the far right, who said in the video that Trump was “better than the Democrats for Israel, for the oil and gas industry, for Silicon Valley, for Wall Street,” but said he wasn’t “better for us.”
Now, Fuentes says there is actually no common ground between him and those on the left.
“My problem with Trump isn’t that he’s Hitler — my problem with Trump is that he is not Hitler,” Fuentes said during his streaming show on Tuesday, which focused mostly on the potential for an American attack on Iran.
He continued, “You have all these left-wing people saying, ‘Why do I agree with Nick Fuentes?’ It’s like, I’m criticizing Trump because there’s not enough deportations, there’s not enough ICE brutality, there’s not enough National Guard. Sort of a big difference!”
Fuentes, the streamer and avowed antisemite who has previously said Hitler was “very f–king cool,” has been gaining more traction as a voice on the right. His interview with Tucker Carlson in October plunged Republicans into an ongoing debate over antisemitism within their ranks, inflaming the divide between a pro-Israel wing of the party and an emerging, isolationist “America First” wing that’s against U.S. military assistance to Israel.
Once a pro-Trump MAGA Republican, Fuentes has become the leader of the “groyper” movement advocating for farther-right positions. The set of Fuentes’ show includes both a hat and a mug with the words “America First” on his desk.
In a New York Times interview, Trump recently weighed in on rising tensions within the Republican Party, saying Republican leaders should “absolutely” condemn figures who promote antisemitism, and that he does not approve of antisemites in the party.
“No, I don’t. I think we don’t need them. I think we don’t like them,” replied Trump when asked by a reporter whether there was room within the Republican coalition for antisemitic figures.
Asked if he would condemn Fuentes, Trump initially claimed that he didn’t know the antisemitic streamer, before acknowledging that he had had dinner with him alongside Kanye West in 2022.
“I had dinner with him, one time, where he came as a guest of Kanye West. I didn’t know who he was bringing,” Trump said. “He said, ‘Do you mind if I bring a friend?’ I said, ‘I don’t care.’ And it was Nick Fuentes? I don’t know Nick Fuentes.”
Trump flaunted his pro-Israel bona fides in the interview, mentioning the recent announcement that he was nominated for Israel’s top civilian honor and calling himself the “best president of the United States in the history of this country toward Israel.”
Fuentes, meanwhile, spent the bulk of his show on Tuesday speculating that Trump will order the U.S. to attack Iran, and concluded that “Israel is holding our hand walking us down the road toward an inevitable war.”
The post Nick Fuentes says his problem with Trump ‘is that he is not Hitler’ appeared first on The Forward.
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Larry Ellison once renamed a superyacht because its name spelled backwards was ‘I’m a Nazi’
(JTA) — Larry Ellison, the Jewish founder of Oracle and a major pro-Israel donor, has recently been in the headlines for his media acquisition ventures with his son.
The new scrutiny on the family has surfaced a decades-old detail about Ellison: that he once rechristened a superyacht after realizing that its original name carried an antisemitic tinge.
In 1999, Ellison — then No. 23 on Forbes’ billionaires list, well on his way to his No. 4 ranking today — purchased a boat called Izanami.
Originally built for a Japanese businessman, the 191-foot superyacht was named for a Shinto deity. But Ellison soon realized what the name read backwards: “I’m a Nazi.”
“Izanami and Izanagi are the names of the two Shinto deities that gave birth to the Japanese islands, or so legend has it,” Ellison said in “Softwar,” a 2013 biography. “When the local newspapers started pointing out that Izanami was ‘I’m a Nazi’ spelled backward, I had the choice of explaining Shintoism to the reporters at the San Francisco Chronicle or changing the name of the boat.” He renamed the boat Ronin and later sold it.
The decades-old factoid resurfaced this week because of a New York Magazine profile of Ellison’s son, David Ellison, the chair and CEO of Paramount-Skydance Corporation.
Skydance Corporation, which David Ellison founded in 2006, completed an $8 billion merger last year with Paramount Global. Larry Ellison, meanwhile, joined an investor consortium that signed a deal to purchase TikTok, the social media juggernaut accused of spreading antisemitism. Together, father and son also staged a hostile bid to purchase Warner Bros. but were outmatched by Netflix.
After acquiring Paramount, David Ellison appointed The Free Press founder Bari Weiss as the editor-in-chief of CBS News, in an endorsement of Weiss’ contrarian and pro-Israel outlook that has been challenged as overly friendly to the Trump administration.
Larry Ellison, who was raised in a Reform Jewish home by his adoptive Jewish parents, has long been a donor to pro-Israel and Jewish causes, including to Friends of the Israel Defense Forces. In September, he briefly topped the Bloomberg Billionaires Index as the world’s richest man.
In December, Oracle struck a deal to provide cloud services for TikTok, with some advocates hoping for tougher safeguards against antisemitism on the social media platform
The post Larry Ellison once renamed a superyacht because its name spelled backwards was ‘I’m a Nazi’ appeared first on The Forward.