WORLD KNOWN ARTIST
JOSEPH BOLOT1NA
OF
STEINVIS ION
• STAINED GLASS •
• BYZANTINE MOSAICS •
Bank On It
• CLASSIC SCULPTURE •
William Davidson is Michigan's
wealthiest, magazine says.
ALAN ABRAMS
Special to the Jewish News
PRIVATE COMMISIONS
& COMMERCIAL ACCOUNTS
ACCEPTED
Davidson, who purchased the
Tampa Bay Lightning hockey team in
1999, took Guardian Industries public
in 1968. But the company went pri-
vate again in 1985 in a $500 million
leveraged buyout. It is now the world's
fourth-largest flat glass manufacturer,
and a major producer of glass for con-
struction and automakers.
Forbes says the methodology used
for privately held fortunes is to esti-
mate what the companies would be
loomfield Hills philanthro-
pist and businessman
William Davidson is the
richest man in Michigan,
according to the latest listing by
Forbes magazine of the world's
wealthiest people.
The 78-year-old owner of Guardian
Industries Corp. and managing partner of
the Detroit Pistons and
Palace Sports &
is
z
•-4104-,y<Qwp
Aintitt
Entertainment, all based
in Auburn Hills, finished
in an 11-way tie for
198th place on the 2001
-Forbes World's Richest list.
His net worth was listed
as $2.3 billion.
Among those
Davidson tied with
were fashion designer
Ralph Lauren and oil-
man Gordon Peter
Getty.
Two Jewish business-
men whose roots are in
Detroit finished among
the top 55. Steven
Anthony Ballmer, 46,
now of Redmond, Wash.,
finished in the No. 13
William Davidson
spot. His net worth was
given as $16.6 billion.
Ballmer made his fortune
worth if they were public. The maga-
at Microsoft, where he replaced Bill Gates
zine also factors in values of art collec-
as chief executive officer. Gates tops the
tions and real estate.
Forbes list as the richest person on Earth
Davidson, who is married and has
with a net worth of $58.7 billion.
two children, recently hired Robert
Eli Broad, 68, now of Brentwood,
Aronson, Jewish Federation of
Calif, finished in the No. 53 position.
Metropolitan Detroit chief executive
His net worth was given as $5.8 bil-
officer, to advise him on his charitable
lion. Broad has made his fortune in
giving. Although Davidson does not
real estate and financial services.
have a family-run foundation, he is a
The list appears in the July 9 iyue
major donor to Jewish communal and
of Forbes, now available on news-
Israeli business and educational organ-
stands. It is the magazine's 15th annu-
izations. He is a benefactor of the
al tabulation of the world's wealthiest.
Weizmann Institute of Science and the
A spokesman for Davidson said he
Technion-Israel Institute of
was unavailable for comment on his des-
Technology in Israel, the University of
ignation by Forbes as Michigan's wealthi-
Michigan Business School in Ann
est person. Davidson also is No. 124 on
Arbor
and the Jewish Theological
the Forbes list of the 400 richest
Seminary
of America in New York. He
Americans. He is almost certain to finish
also is a major supporter of the
higher in the next compilation, as his
Detroit Symphony Orchestra Hall,
net worth has increased from the $2.1
among other enterprises.
listing.
2000
billion figure
cited
in
the
b
❑
PHONE: 248-470-4455
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STEINVISION@AOL.COM
Congratulations on receiving a full
scholorship to the
University of Michigan.
We have always believed in you!
Much Love,
Shelly, Gerry, Carinne Silverman-Maddox
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2001
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