AUCTION OF FINE ART Business Ever Upward Three metro Detroit Jews rank among the 400 richest Americans. presented Ly Y DAVE\POT ,J V \DAT 0\ at Cl ub • 5000 —ciirlane V/oock Drive • Dearborn, on William Davidson Tuesday, October 23, A rt Preview Witt] - Or d'oe uvres 2001 \,ine Tasting Reception Max Fisher 5:30 p.m. 5-Course Dinner paired witb wines presented hy John Jonna of Merckants' -rine Vine 7:00 p.m. A uction immediately following dinn er T o eenefit Student Scholars. C omplimentary catalog • $50 Donation per person T able Sponsors:kips: availaLle -For additional information and to r.s.v.p. please call Bernadette eanko at 313/581/4400 ext. 417 „, PARKWEST G.A.L.L.E.R.Y q;ine away. Heartland Health Care Center West Bloomfield Skilled Nursing and Assisted Living 6950 Farmington Road West Bloomfield, MI 48322 248.661.1700 Heartland Health Care Center Georgian Bloomfield Skilled Nursing, Assisted Living and Alzheimers Care 2945 North Adams Road Bloomfield Hills, MI 48304 ',et 10/12 2001 102 248.645.2900 Owned& Operated by HCR ManorCare A. Alfred Taubman Relax! Your loved one is in good hands. If you're responsible for the care of an adult loved one at home, you know all to well time away is precious. Heartland's respite/vacation program gives you the opportunity to take a break from these demands. While at Heartland, your loved one will be welcomed into our facility which features a friendly, attentive staff, tasty meals and activities. you'll have the added serenity knowing your loved one is receiving around the clock professional care in a secure and comfortable environment designed with the health, safety, and well- being of our residents. Whether you use respite care on a regular basis, or just for a special occasion, call to learn about our short stays and affordable rates. ALAN ABRAMS Special to the Jewish News T hose reports you've been hearing about tough eco- nomic times haven't nega- tively affected the fortunes of the three Michigan Jews on the annual Forbes magazine list of the 400 richest people in America. The numerical standing and the net worth of all three greatly increased from last year, with A. Alfred Taubman returned to the list after a one-year absence. William Davidson of Bloomfield Hills is No. 85 and Max Fisher of Franklin is No. 320 in the compila- tion. Taubman, of Bloomfield Hills, is listed as No. 340. Davidson, 78, chief executive officer of Auburn Hills-based Guardian Industries Corp. and owner of the Detroit Pistons basketball club and hockey's Tampa Bay Lightning, jumped from the No. 112 position he held last year. Also up was his net worth, now listed as $2.2 billion, an increase of $100 million since 2000. Fisher, at 93 still the oldest on the list, also was up from last year's rank- ing at No. 380. His net worth now is given at $800 million, a $40 million increase over last year's figure. The list attributed the increase to his "big stakes" in Comerica and Charter One, which were up this year. Taubman, the 76-year-old shopping center magnate and former chairman of Sotheby's, made an impressive comeback. Last year, Taubman was second on the "Near Miss" category with a net worth of $720 million. This year, his net worth has jumped to $770 million. Why? The list cites the three shopping malls he is building in Florida as well as one in Texas. It also says he invested in the Russian-lan- guage daily newspaper Versia. Taubman remains the largest share- holder in Sotheby's, the New York auc- tion house he bought in 1983 and took public in 1988. Two former metro Detroiters who are Jewish finished high among the top 400. Steven Anthony Ballmer, the 45-year-old chief executive of Microsoft, made No. 10. Ballmer, who lives in Redmond, Wash., finished sev- enth last year. His net worth also is down from last year's $17 billion. But he's still worth $15.1 billion. Eli Broad, the 68-year-old founder of homebuilder Kaufman & Broad (now KB Home) and insurer Sun America, moved up to No. 26. Listed last year as No. 43, Broad, who lives in Brentwood, Calif, now has a net worth of $5.5 billion, up from last year's $5.2 billion. But the news wasn't as good for all 400 when their net worth was com- bined. Their total worth fell from $1.2 trillion in 2000 to $946 billion this year. This was only the third time since Forbes began compiling the list in 1982 in which that has occurred. The list also reflected the decline in dot.com fortunes; 54 New Economy entrepreneurs disappeared from the list. Those who have made their for- tunes in more traditional enterprises, such as manufacturing and retailing, replaced them. ❑