Jerusalem mayor Nir Barkat is Israel’s wealthiest politician, ranking first on a list of affluent Israeli legislators and diplomats, compiled by Forbes Israel and published on Monday.
According to Forbes, Barkat’s net worth is estimated at NIS 450 million (about $122 million), more than the combined value of the next three politicians on the list.
The mayor, who does not take a salary, made his fortune during his years in the private sector, helping to found several start-up companies that went on to achieve major financial success.
Barkat is followed on the list by freshman MK Erel Margalit of the Labor party, the former chairman and founder of the Jerusalem-based venture capital fund JVP. Margalit’s net worth is estimated as NIS 220 million ($60 million).
Development of the Negev and Galilee Minister Silvan Shalom ranked third (NIS 150 million – $40 million), trailed by Agriculture Minister Yair Shamir (NIS 65 million – $17 million).
Prime Minister Benjamin Netanyahu placed six on the list, with an estimated net worth of NIS 41 million ($11 million). Much of Netanyahu’s fortune was made through high lecture fees during his years out of office. He would reportedly make about NIS 50,000 per speech between 1999 and 2002.
Naftali Bennett, the Economics Minister, was ranked seventh with NIS 25 million ($7 million), followed by coalition partner and Finance Minister Yair Lapid whose net worth was estimated at NIS 22 million ($6 million).