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September 2, 2013 11:21 pm

Jerusalem’s Mayor is Israel’s Richest Politician

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Jerusalem Mayor Nir Barkat. Photo: Wikimedia Commons. – Jerusalem Mayor Nir Barkat topped a list published by Forbes of Israel’s richest politicians, with a net worth of NIS 450 million, or $124.5 million.

Barkat, along with his brother Eli, made his fortune as a high-tech entrepreneur and investor in the software company, Check Point Software Technologies Ltd.

Coming in second was Labor Member of Knesset Erel Margalit, with an estimated fortune of NIS 220 million ($60.8 million). Margalit is the founder of the venture capital firm Jerusalem Venture Partners.

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Prime Minister Benjamin Netanyahu came in sixth, with an estimated fortune of NIS 40 million ($11.06 million). Netanyahu made a large part of his fortune as a speaker during his brief retirement from politics in the early 2000s.

Minister of the Economy and Habayit HaYehudi party leader Naftali Bennett came in seventh with an estimated fortune of NIS 25 million ($6.9 million). He is the youngest person to make the list. Yesh Atid party leader Yair Lapid followed Bennett with estimated fortune of NIS 22 million ($6.1 million).

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