13 Facts About Meshulam Riklis

Meshulam Riklis was an Israeli financier and businessman.

Meshulam Riklis studied mathematics at Ohio State University, graduating in 1950.

Meshulam Riklis is credited with having originated complicated paper transactions like high-yield bonds and leveraged buyouts to take over control of major companies, then doing paper switches of the assets into companies he owned.

Many of the corporations declared bankruptcy, again carefully maneuvered by Meshulam Riklis to preserve his personal wealth.

Meshulam Riklis famously sold his stake in the Carnival Cruise Line to Ted Arison for US$1.

Meshulam Riklis brought on board 25-year Playboy Enterprises executive, Sam Distefano to head the resort's entertainment department and personally hire its celebrity headliners for over ten years.

Forbes Magazine reported that while at the helm of a string of his companies, Meshulam Riklis left his creditors unpaid for over US$2.9 billion in debt.

In March 2013, Meshulam Riklis filed for bankruptcy protection for Rapid-American Corp because of asbestos related personal injury claims brought against Rapid American through their subsidiary Philip Carey Manufacturing.

Meshulam Riklis's acting in the film was lampooned by comedians and critics alike, winning her the Razzie Award for Worst Actress, but she somehow won the Golden Globe Award as New Star of the Year after a well publicized press junket paid for by Riklis, hosted at his own Riviera Hotel.

Meshulam Riklis financed two more films with Zadora; all three movies have become known as camp classics.

In 2010, aged 86, Meshulam Riklis married his third wife, Tali Sinai, who was almost 40 years his junior.

Meshulam Riklis died in Tel Aviv on 25 January 2019, aged 95.

The philanthropic ventures of Meshulam Riklis included Beit Riklis in Jerusalem, which closed in 2009.