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Meshulam Riklis

Biography

Meshulam Riklis

Overview

  • Born
    December 2, 1923 · Istanbul, Turkey
  • Died
    January 25, 2019 · Tel Aviv, Israel (natural causes)

Biography

  • Meshulam Riklis was born on December 2, 1923 in Istanbul, Turkey. He was an actor, known for Fake-Out (1982), The Chosen (1981) and Butterfly (1981). He was married to Tali Sinai Riklis, Pia Zadora and Judith Stern. He died on January 25, 2019 in Tel Aviv, Israel.

Family

  • Spouses
      Tali Sinai Riklis(September 16, 2010 - January 25, 2019) (his death)
      Pia Zadora(September 18, 1977 - March 29, 1995) (divorced, 2 children)
      Judith Stern (divorced, 3 children)
  • Children
      Kady Zadora

Trivia

  • He is known as the father of the leverage buyout, a more polite term for "corporate raider." As a stockbroker, he traded exotic securities, such as high-paying preferred stock, high-yield bonds, and convertible bonds. He pioneered takeovers using bond issues, acquiring companies by paying little or no cash. Riklis has been accused of draining funds from his acquisitions, then driving them into bankruptcy. His MBA thesis at Ohio State University was on "the effective non-use of cash."
  • Endowed a Chair of Practice of Creative Management at the Wharton School (University of Pennsylvania).
  • Used some of his fortune to build an entertainment career for his then wife Pia Zadora, bankrolling some of her early films [Butterfly (1981), Fake-Out (1982)] as well as some of her music albums. The most notorious use of his money was to allegedly 'buy' the Golden Globe Award for Best New Star for Pia, even though the film it was for (Butterfly (1981)) was pretty bad, to say the least. After this incident, the Foreign Press Association (who run the Globes) decided to eliminate the New Star category all together.
  • Three children with first wife: one son Ira D.Riklis and two daughters Simona Riklis (Mona Ackerman), Marcia Riklis.
  • Children with ex-wife Pia Zadora, Kady Zadora and Kristofer Barzie.

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