web analytics
October 25, 2014 / 1 Heshvan, 5775
At a Glance
News & Views
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



’Middle Class’ Champion Lapid One of Richest Israeli Politicians

“You can’t fool all of the people all of the time.” Lapid soared to political stardom on his “middle class” soap box, which turned out to be full of hogwash. His wealth now is estimated at $6 million.
chareidi yair

Photo Credit: Asher Shwartz

Yesh Lapid party’s chairman Yair Lapid’s wealth is estimated at $6 million, ranking him number six in Forbes Israel’s listing of the top 10 politicians in Israel.

The estimated wealth comes as no surprise to his former supporters, who have helped  his party’s popularity dive by 50 percent since Lapid led the party to win 19 seats in the Knesset with a campaign boasting him as a champion of the middle class.

As Finance Minister, he promptly hiked regressive taxes and cut child welfare benefits, felt most by lower and middle income wage earners.

The list of the top 10 also shows that he is not the only Yesh Atid MK with a fat bank account. Yaakov Perry was ranked right behind Lapid with a fortune of more than $5 million. However, he has said that he is closer to being “middle class” rather than “rich,” which he apparently defines as someone like Warren Buffet.

Not surprising, Jerusalem Mayor Nir Barkat, who profited millions of dollars from his Checkpoint  high-tech company, Prime Minister Binyamin Netanyahu and Minister Silvan Shalom are on the list. Shalom’s wife is from the family with substantial investments, the most well-known being the Yediot Acharonot newspaper.

However, there also are quite a few “limousine liberals” who are big on helping the working class.

In second place, behind Barkat, is Labor party MK Erel Margalit, with an estimated wealth of $60 million, most of made through his Jerusalem Venture Partners enterprise and other business transactions.. In last place” is Labor MK Yitzchak Herzog, with a paltry $3 million.

Other political fat cats are Yair Shamir, son of the late Prime Minister Yitzchak Shamir and a member of the Israel Beiteinu faction of Likud, in fourth place with an estimated wealth of $20 million. Right behind him is Meir Sheetrit, a former Likud and Kadima MK and now a member of Tzipi Livni’s party.

As expected, Jewish Home chairman Naftali Bennett is one the list, in ninth place with a fortune of $7 million.

About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “’Middle Class’ Champion Lapid One of Richest Israeli Politicians”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Do you know where your vegetables grow?
Not So Kosher Shemittah L’Mehadrin
Latest News Stories
Do you know where your vegetables grow?

At best, the Hareidim have been eating “Heter Mechira”. At worse, they’ve been eating vegetables grown in sewer water or pesticides from unknown and unsupervised Arabs fields.

Death to Terrorists

Israelis protest at Jerusalem’s Ammunition Hill train platform where an Arab terrorist ran over a group of commuters, killing a 3 month old baby. They are carrying signs, “Death to Terrorists”.

The U.S. Embassy in Tel Aviv has prohibited its personnel from riding the Jerusalem light rail train from French Hill to Pisgat Ze’ev, in northern Jerusalem, for 30 days because of the terrorist attack this week that killed a three-year-old American-Israeli. It was a typical U.S. Embassy reaction – every time there is a serious […]

Bus on mountain road in Nepal near the area of a fatal crash Friday morning.

More hopes, prayers and tears one week after a deadly blizzard and avalanche.

They had to use a magnifying glass to read the letters.

Officials preach calm but are frantically trying tracing every step the doctor took in the city.

“God is trying to wake us up,” said the grandfather.

Former Presidential candidate Gov. Mitt Romney and former Vice Presidential candidate Sen. Joe Lieberman will address the inaugural Israeli American Council (IAC) National Conference in Washington next month. The IAC’s stated mission is “to build an active and giving Israeli-American community throughout the United States in order to strengthen the State of Israel.” The number […]

Dozens of Arab rioters attacked Jewish owned buildings in Jerusalem’s Old City.

J Street U blames Jews buying homes in Jerusalem for triggering Hamas terrorist’s murderous rampage.

Boko Haram kidnapped an additional 20 Nigerian girls.

A healthcare worker has returned to the US from West Africa suffering with symptoms resulting in testing for the Ebola virus at NYC’s Bellevue Hospital.

Despite PM Netanyahu’s vow to “assert sovereignty” over all parts of Jerusalem, Arabs continue to carry out potentially lethal rock attacks.

Israel’s prime minister and the mayor of Jerusalem met today with security brass over the terror attack that wounded 8 and killed a 3-month-old baby.

For the first time since the 1979 Islamic Revolution, Boeing Aerospace and Defense has made a sale to Iran.

Syria’s once-lucrative oil wells dissolve under U.S.-led coalition air strikes targeting the ISIS terror organization.

More Articles from Tzvi Ben-Gedalyahu

The U.S. Embassy in Tel Aviv has prohibited its personnel from riding the Jerusalem light rail train from French Hill to Pisgat Ze’ev, in northern Jerusalem, for 30 days because of the terrorist attack this week that killed a three-year-old American-Israeli. It was a typical U.S. Embassy reaction – every time there is a serious […]

Bus on mountain road in Nepal near the area of a fatal crash Friday morning.

More hopes, prayers and tears one week after a deadly blizzard and avalanche.

They had to use a magnifying glass to read the letters.

Officials preach calm but are frantically trying tracing every step the doctor took in the city.

Kerry still thinks Muslim terror in Israel is different from elsewhere.

The real news will be when the West wakes up before it won’t be able to wake up.

Were you on the plane? Let us know what really happened.

Terror? Of course not. The Arab driver lost control of his steam shovel after being prematurely shot.

Printed from: http://www.jewishpress.com/news/middle-class-champion-lapid-one-of-richest-israeli-politicians/2013/09/03/

Scan this QR code to visit this page online: