Almost half of the people on the list have made their fortunes here. But

other half of the well-heeled olim came to Israel wealthy and have used
their wealth to invest heavily in the country. The list includes three
billionaires, four worth hundreds of millions and the rest worth dozens.

1. Shari Arison, $4.6b.
Arison, 47, originally from Miami, is not only the wealthiest olah in
Israel, she's its wealthiest citizen. According to Forbes Magazine, Arison
is the 94th richest person in world. The majority of her wealth comes from
the 80 million shares she inherited from her father, Ted Arison, in

Cruise Lines - the largest cruise line company in the world. Her shares

worth some $3.6b.

Shari's father, Israeli-born Ted Arison, moved to Miami in the 1960s and
started Carnival Cruise Lines in 1972 utilizing a refurbished former
transatlantic liner. A pioneer of the modern-day cruise industry, he
eventually built up a fleet of 15 ships. Towards the end of his life he
returned to Israel and became active in business ventures here.

Ted Arison died in 1999 at the age of 75. Carnival, which posted a net
profit of $1.2b. last year, is currently managed by Ted's son, Micky.

Shari currently holds 35 percent of the shares in Arison Holdings which

20.7% of Bank Hapoalim, 35% of Housing and Construction (Shikun Ubinui)

49% of Eurocom - Israel's largest privately-owned communications group.

also holds a significant number of shares in Partner Communications and
Internet Zahav.

Shari, who served in the IDF, officially made aliya in 1967 but has been
back and forth between the US and Israel many times over the years. She

Israel in September last year following withering media attacks but

in June saying that she loves Israel and that her heart is here.

Arison is heavily involved in the Arison Foundation which has distributed
$150m. in Israel, including $30m. to the Sourasky Medical Center, $10m. to
the Weizmann Institute and $6m. to the Tel Aviv School for the Arts. On
average, the foundation distributes $20m. a year to Israeli causes.

2. Morris Kahn, $1.75b.
South African-born Kahn, 74, made his fortune through software giant

which he co-founded in 1982. Amdocs went public on the New York stock
exchange in 1998. It is estimated that half the phone calls made in North
America today rely on Amdocs software. In 2000, Kahn began selling off his
Amdocs shares, netting him the majority of his $1.75b. fortune.

Kahn, who has a house in Beit Yanai, has managed to guard his wealth by
spending more than six months of the year on his personal yacht outside

territorial waters of Israel. He thereby avoids holding Israeli

and pays lower taxes. Insiders estimate the highest level of income tax he
has ever paid is 10%.

Kahn currently controls the Aurec Group, a private equity firm with cable
and telecom investments. He has also been involved in bio-technology
start-ups in the Negev. Kahn's philanthropic activities includes
establishing the Coral World Eilat Marine Park and the Red Sea Underwater
Observatory that was first opened in 1975.

3. Pincus Green, $1.1b.
Commodities trader Green, 69, is rated No. 514 on Forbes' 2004 Wealthiest
Americans list.

In the Sixties and Seventies, Green and partner Marc Rich amassed a

dealing in oil, precious metals and other commodities. But in the

the two were indicted on charges of manipulating the US oil system,

with Iran during the hostage crisis, and evading taxes. In spite of paying
about $150 million in fines, criminal charges remained outstanding against
the two and they moved their base to a town south of Zurich. Rich and

eventually both became citizens of Spain and Israel, countries where the

charges aren't grounds for extradition. Despite receiving pardons from
president Bill Clinton in 2001, the partners have been reluctant to return
to the US.

While Rich's lavish lifestyle and campaign contributions to Clinton made
headlines, soft-spoken Green was considered an appendage. But Swiss

say that Green was the brains behind the commodity trades, exploiting

differentials due to delays and other glitches in transporting nickel,
aluminum, oil and other commodities.

Green, a high-school dropout, is married with four children, several of

live in Israel. He and his wife, Libby, purchased a penthouse apartment on
Jerusalem's Rehov Brenner several years ago, almost back-to-back with the
prime minister's residence. He has been described as a modest man, and
extremely liberal with his philanthropy.

4. Benzion (Benny) Landa, $500m.
Known as the father of digital offset color printing, Landa, 56, is the
former chairman and founder of Indigo, which he established in 1977. In
2002, Landa sold Indigo to Hewlett-Packard for $830m.

Landa was born in Poland to post-World War II refugee parents but grew up

what he described as a "poor but loving home" in Canada. His interest in
printing goes back to the time he worked as a child in his father's photo
shop. "As a young man, I dreamed about two things: machines and Israel,"

said. His dream of moving to Israel he fulfilled in the mid-Seventies.

then he has been active in developing his graphic technologies. Over the
course of his career Landa has been awarded several hundred patents
including more than 150 in the US, many of which made up Indigo's core
strategy.

In September of 2001, Landa sold Indigo in which he held 44% to HP for
$629m. in common stock and an estimated $200m. in cash. He is believed to
have made $500m. on the deal. He now serves on HP's Strategic Technology
Advisory Board.

Landa has created a philanthropic foundation that supports Ben-Gurion
University's efforts to develop the Negev as well as help students prepare
for university through a program called Atidim. In 2003 he made a NIS

donation towards the establishment of the Landa Center for Equal

Through Education at Haifa University.

5. Leon Koffler, $444m.
Canadian-born Koffler, 56, is CEO of the Israeli drugstore chain
Super-Pharm.

The story begins with his father, Morry, who founded Shopper's Drug Mart

Toronto in the 1960s. Over time it blossomed into a chain of more than

stores across Canada and today has annual revenues of almost $5b.

In the early Seventies, at the invitation of then finance minister Pinhas
Sapir, Morry came to Israel with other Jewish businessmen. After a chat

a local pharmacist, Koffler senior quickly realized the potential here and
decided to try his luck. In 1978 he sent his son, Leon, to manage the
business in Israel and Leon opened the first Super-Pharm in Neveh Avivim

the same year.

The pharmacy chain took on the mom-and-pop pharmacies and profited from

deregulation of the industry in 1993. The chain now numbers 108 stores.
Annual revenues top NIS 2b. with growth of almost 10% a year. Koffler

to open 50 more stores in the next two years. He is also rumored to be
interested in opening up to 5,000 Super-Pharm stores in China.

Koffler's success parallels the "Americanization" of Israel and the
introduction of American retail chain's into the country. Following
Super-Pharm's success, Koffler acquired the Israeli franchise rights for
Toys R Us, Blockbuster Video and Office Depot. He is heavily involved in a
number of philanthropic pursuits in Israel, including establishing

for battered women.

6. Benjamin Jesselson, $350m.
American-born Jesselson, 51, along with his two brothers, Michael and
Daniel, inherited their father Ludwig's fortune. Ludwig founded Phillip
Barders, a commodities trading company which dealt in oil and metals. He
later merged it with investment giant Solomon Smyth Barney and the
Jesselsons became the largest shareholders in the firm. Brother Michael
currently manages the family's holdings in the US while Benjamin does the
same in Israel.

Jesselson made aliya in the late Seventies and is a Jerusalem resident. He
runs Promedico, a former Teva subsidiary which imports drugs from
multinational companies such as giant Pfizer. Promedico has annual sales

some $400m. Jesselson also formerly owned a stake in Mirabilis, the

of the famous ICQ program, and has a 1.5% stake in Elite Food Industries.

He has had a couple of run-ins with the law. Last year he was acquitted on
charges of helping businessman Shlomo Eisenberg deceive shareholders and
manipulate a vote in the Arad investment company. In 1998, he was

of mismanagement with intent to deceive in tax fraud charges brought

Teva CEO Eli Hurvitz and senior managers of Promedico. He was, however,
charged with tax evasion, and acquitted in 2000.

Jesselson is a major supporter of the Shaare Zedek Hospital and helped
establish the hospital's Heart Center which bears the family name.

7. Erwin Eisenberg, $300m.
London-born Eisenberg, 54, inherited his fortune from his father, Shoul,

built up a $1b. empire, which included real estate and industrial holdings
such as Israel Corp. Israel Corp. was originally set up to privatize
state-owned Zim and oil refineries. In an infamous move, Shoul Eisenberg
took control of the company from three shareholders using a law specially
enacted to give it and its shareholders a privileged tax status.

In 1997, Eisenberg junior inherited 55% of his father's wealth. The family
was subsequently involved in several legal battles over distribution of

inheritance money. In 1999 he sold off his stake in Israel Corp. to the

brothers for $300m.

Since selling Israel Corp., Eisenberg has spent most of his time in New

and London, though he owns several homes in Israel's upscale Savyon. His
mother, Leah, who is believed to be worth about $170m., also owns a home

Savyon.

Currently Eisenberg is involved in infrastructure business deals in the

East. He has served for many years as the head of the Council for the
Promotion of Israel-China Relations (CPICR).

8. Shirley Porter, $125m.
Tesco supermarket heiress Dame Shirley Porter, 73, is believed to be worth
at least BP69m. according to the Sunday Times's 2001 rich list.
Unfortunately for her, she is wanted by British authorities for a 1994
conviction in the "homes-for-votes" affair. In the Eighties, Porter was
believed to be active in trying to boost votes in a London borough by
offering heavily discounted council housing to potential voters, and she
relocated to Tel Aviv.

Earlier this year, Porter paid London's Westminster Council some BP12.3
million as a settlement of their claim for BP42 million. Porter's latest
difficulties, which may be grounds for extradition, center on an affidavit
she signed during the affair in which she claimed she was worth just
BP300,000.

British police have been asked to investigate whether Porter committed
perjury when she signed the affidavit. - Douglas Davis contributed

9. Isi Leibler, $60m.
Born in Belgium, Leibler, 70, grew up in Melbourne, where he made his

in the travel industry. Leibler is the son of a diamond merchant who

moved his family to Australia prior to World War II.

After working in his family's jewelry business, Leibler got involved in

travel industry in 1964, creating a travel company called Jetset which
eventually was valued at $100m. He netted $20m. when he sold his share in
the company to Air New Zealand in 1997. Since then he has been involved in
real estate deals.

A former head of the Australian Jewish community, Leibler has also served

the co-chairman of the World Jewish Congress governing board and is
currently vice president of the WJC. Leibler made aliya in 1998.

10. Barry Shaked, $55m.
South-African-born Shaked, 47, made aliya with his family in 1960 at the
tender age of three, but that still officially qualifies him as an oleh.
Shaked is founder, chairman and CEO of Retalix.

While still studying for his BA in computer science at Bar-Ilan

he established Retalix under the name Point of Sale in 1982. The company
produces in-store systems for food retailers. Back in the company's early
years, Shaked and his staff would work 36 hours straight when attempting

figure out how to connect a personal computer to a cash register.

Retalix trades on the TASE and NASDAQ and is valued at $253m. Shaked holds
13% of Retalix shares worth some $33m.

"I've always been an entrepreneur," Shaked has said of himself. "I

golf teams, the school shows. I knew that I wanted to work for myself."

11. Avi Arenson, $30m.
Winnipeg-born Arenson, 64, is the founder and majority shareholder of
private company A. Arenson Construction, one of Israel's largest
infrastructure firms. Arenson made aliya in 1961 and eight years later
founded the construction company which carries his name. Arenson
Construction currently boasts some 1,200 employees. Amongst other

it built the new Foreign Ministry building in Jerusalem on an area

40,000 sq.m. The deal was worth some $20m. The company also took part in
building Terminal 3 at Ben-Gurion Airport. Recently it was awarded the
tender to add a third lane to the Ayalon Highway. Arenson resides in
Caesarea.

12. Jonathan Kolber, $25m.
Canadian-born Kolber is vice-chairman and CEO of Koor Industries. Kolber
graduated from Harvard in 1983 with a BA in Near Eastern Languages and
civilization and later studied at the American University of Cairo. He

to Israel in 1988 to take charge of the Israeli branch of Claridge, an
investment company he controls together with the Bronfman family. By 1997

was vice-chairman of Claridge Israel and a few months later its CEO.

Kolber first got involved in Koor when Claridge Israel bought 24% of the
firm for $423m. Based on the company's current market capitalization of
approximately $645m., Claridge has lost approximately 60% of its

in Koor. Koor moved back to profitability for the first time in three

earning $10.6 million in 2003. The holding company had lost some $175m. in
2002 and $570m. in 2001.

13. Shlomo Ben-Zvi, $20m.
Businessman Ben-Zvi, 39, grew up in Golders Green, London, where he was
known as Michael Goldblum. He moved to Israel in 1978 at the age of 13. He
learned at Hesder Yeshiva Kerem B'Yavne and Mercaz Harav Kook before
studying philosophy and math at the Hebrew University. He also holds a
graduate degree in international relations.

Following his studies, Ben-Zvi went into the family business - commercial
real-estate development - in Tel Aviv and Europe. He also started

in hi-tech companies in Israel and Europe, including Israeli company Ness
Technologies.

Most recently Ben-Zvi has been involved in building a media empire aimed

taking on Israel's powerful media establishment. Along with

billionaire Ronald Lauder he formed the Techelet Group which established
Techelet, Israel's first Jewish-content television channel. The two later
bought the Makor Rishon weekly newspaper. Several months ago the group

acquired a 49% stake in the floundering Channel 10, saving it from

14. Marc Belzberg
Vancouver-bred Belzberg, 49, made aliya in 1992 and is chairman and CEO of
e-Sims, a simulation software company, formerly known as Emultek. He is

CEO of ODF Electronics and was CEO of the now defunct Versaware, which
converted books into electronic versions on the Internet and CDs. Before
coming to Israel, Belzberg managed Mergers & Acquisitions and LBOs for
Salomon Brothers and Oppenheimer & Co. and served as the first president

First City Capital Corp. from 1983 to 1990. He received his undergraduate
degree from Yeshiva University and an MBA from New York University.

Marc is the son of Samuel, one of the famous Belzberg brothers of Canada.
The sons of Polish immigrants, Sam, William and Hyman Belzberg made a
fortune in real estate, oil and gas investments and were said at one point
to be worth $8 billion.

Marc Belzberg is heavily involved in philanthropic work and amongst other
activities serves as the worldwide chairman of the Bnei Akiva youth
movement, chairman of the Foundation of Jewish Renaissance and chairman of
the One Family Fund, which supports Israeli victims of Arab terror.

15. Edward Reichmann
Edward, 79, is the oldest of the five famous Reichmann brothers. The
brothers, who fled Austria to Canada with their parents during World War

built a real-estate development empire estimated at $18 billion. Olympia &
York, the firm founded by the brothers eventually became the world's

owners of office space. But after risking $6 billion in the 24-building
Canary Wharf project in London, the company crashed and today the brothers
are believed to hold less than $1b.

Despite disappointments, Edward's life has been tinged with good luck. In
early 1938, the Reichmanns were planning his bar mitzva in Vienna. But two
weeks before the scheduled date, his grandfather, David, suffered a stroke
in Hungary and the family decided to shift the ceremony there. The day of
the bar mitzva thousands of Nazi brown-shirts poured into Vienna and
rampaged through the city's Jewish district.

Considered the black sheep of the family, Edward was eventually bought out
by his brothers before the company crashed, which actually saved his
fortune.

Edward made aliya in 1986 and resides in Jerusalem were he has pursued
development projects. In 1987 he bought a one dunam site for $2 million in
the center of Jerusalem and built on it the Bell Center Mall. But his most
ambitious local project was certainly Jerusalem's Kikar Safra, which cost
$130m.

A generous giver, Reichmann has been a major donor to the Shaare Zedek
Hospital as well as to many other medical institutions, synagogues and
schools in Israel. He also acted as the Reichmann family's representative
here during the yeshiva crisis of 1987, helping to bail-out the yeshivot

distributing $100m.