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Meshulam Riklis

 

 
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Meshulam Riklis
 
 
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Meshulam Riklis (born 1923 in Istanbul, Turkey) is an Israeli
Israelis

Israelis are citizens of the modern state of Israel regardless of religious heritage or Ethnicity, including most numerously Jews, Muslims, Arab Christians, Arabs, Druze, Circassians, and others....
 businessman. He was married to Pia Zadora
Pia Zadora

Pia Zadora is an United States actor and singing. After work as a child actress on Broadway, in regional theater and in the film Santa Claus Conquers the Martians, she came to national attention in 1981 when, following her starring role in the critically lambasted Butterfly , she won a Golden Globe Award as New Star of the Year....
 in 1977 and helped launch her film career. He and Zadora bought and demolished the Los Angeles
Los Ángeles

Los ?ngeles is the Capital of the Biob?o Province, in the municipality of the same name, in Regions of Chile VIII , in the center-south of Chile....
 landmark home Pickfair
Pickfair

Pickfair was a Hollywood mansion designed by California architect Wallace Neff and named as an amalgamation of the names of its original residents, silent film actors Douglas Fairbanks and Mary Pickford....
 to build their own larger home on the site. They divorced in 1993. He once owned the Riviera hotel and casino
Riviera (hotel and casino)

The Riviera, or "The Riv," is a hotel and casino located on the famed Las Vegas Strip in Winchester, Nevada. The hotel has over 2,100 rooms, many located in a 23-story tower....
 in Las Vegas
Las Vegas, Nevada

Las Vegas is the most populous city in the U.S. state of Nevada, the seat of Clark County, Nevada, and an internationally renowned major resort city for gambling, shopping, and entertainment....
 and the McCrory Stores
McCrory Stores

J.G. McCrory's or McCrory Stores was a chain of five and dime stores in the United States based in York, Pennsylvania. The stores typically sold shoes, clothing, housewares, Cloths, candy, toys, cosmetics, and often possessed a lunch counter or snack bar....
, as well as the Fabergé
Fabergé (cosmetics)

Faberg? is a brand of cosmetics....
 line of cosmetics. Riklis pioneered the idea of corporate mergers in the U.S.






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Meshulam Riklis (born 1923 in Istanbul, Turkey) is an Israeli
Israelis

Israelis are citizens of the modern state of Israel regardless of religious heritage or Ethnicity, including most numerously Jews, Muslims, Arab Christians, Arabs, Druze, Circassians, and others....
 businessman. He was married to Pia Zadora
Pia Zadora

Pia Zadora is an United States actor and singing. After work as a child actress on Broadway, in regional theater and in the film Santa Claus Conquers the Martians, she came to national attention in 1981 when, following her starring role in the critically lambasted Butterfly , she won a Golden Globe Award as New Star of the Year....
 in 1977 and helped launch her film career. He and Zadora bought and demolished the Los Angeles
Los Ángeles

Los ?ngeles is the Capital of the Biob?o Province, in the municipality of the same name, in Regions of Chile VIII , in the center-south of Chile....
 landmark home Pickfair
Pickfair

Pickfair was a Hollywood mansion designed by California architect Wallace Neff and named as an amalgamation of the names of its original residents, silent film actors Douglas Fairbanks and Mary Pickford....
 to build their own larger home on the site. They divorced in 1993. He once owned the Riviera hotel and casino
Riviera (hotel and casino)

The Riviera, or "The Riv," is a hotel and casino located on the famed Las Vegas Strip in Winchester, Nevada. The hotel has over 2,100 rooms, many located in a 23-story tower....
 in Las Vegas
Las Vegas, Nevada

Las Vegas is the most populous city in the U.S. state of Nevada, the seat of Clark County, Nevada, and an internationally renowned major resort city for gambling, shopping, and entertainment....
 and the McCrory Stores
McCrory Stores

J.G. McCrory's or McCrory Stores was a chain of five and dime stores in the United States based in York, Pennsylvania. The stores typically sold shoes, clothing, housewares, Cloths, candy, toys, cosmetics, and often possessed a lunch counter or snack bar....
, as well as the Fabergé
Fabergé (cosmetics)

Faberg? is a brand of cosmetics....
 line of cosmetics. Riklis pioneered the idea of corporate mergers in the U.S. He famously sold his stake in the Carnival Cruise Line to Ted Arison
Ted Arison

Ted Arison was an Israeli-American businessman who co-founded Norwegian Cruise Lines in 1966 with Knut Kloster and founded Carnival Cruise Lines in 1972....
 for $1.

Forbes
Forbes

Forbes is an United States publishing and mass media company. Its flagship publication, Forbes magazine, is published bi-weekly. Its primary competitors in the national business magazine category are Fortune , which is also published bi-weekly, and Business Week....
 magazine reports that while at the helm of a string of his companies, Riklis left his creditors holding the bag on over $2.9 billion in debt. Of that, according to Forbes, less than 10% has been recovered as of 2007.

Riklis is long known for his crooked financial footwork and sleight of hand. His favorite tactics include transferring debt between ailing companies and transferring assets away from doomed companies. In one well known transaction, Riklis transferred ownership of two pricey paintings away from one of his failed companies to another of his companies, crediting only $175,000 for the transaction to the failing company. One of the paintings, a work by Fernand L%C3%A9ger entitled "Contrastes de formes," was later sold for $2.5 million alone.

In 2007, the California
California

California is a U.S. state on the West Coast of the United States of the United States, along the Pacific Ocean. It is bordered by Oregon to the north, Nevada to the east, Arizona to the southeast, and to the south the Mexico state of Baja California....
 Franchise Tax Board, in an effort to collect on over $7 billion in delinquent taxes, posted a list of the top 250 tax delinquents. Rapid-American Corporation, founded by Riklis, tops the list owing over $26.8 million in back taxes.

In 2004, Riklis donated $2000 to the George W. Bush Presidential Campaign and in 2007, he donated $5000 to the Republican National Committee.

External links

  1. [https://www.fundinguniverse.com/company-histories/Riklis-Family-Corp-Company-History.html Riklis family Corp., with biography of M. Riklis]