Rav Pinchas Abuchatzeira, the great-grandson of the Babi Sali, is Israel’s richest rabbinic figure, with an estimated fortune of NIS 1.3 billion, according to the “Forbes Israel’s” ranking of Israel’s ten richest rabbinic figures. The magazine says that the social protest hurt the fortunes of the rabbinic figure ‘s activities, by greatly reducing their income from donations from tycoons.
The value of a rabbinic figure can have little significance for the personal wealth of an individual rabbinic figure, but includes charitable activities and their properties. The rabbinical communities have an annual turnover of over NIS 1 billion, according to various estimates, but the nature of a community’s activities, which are difficult to monitor, has given risen to much higher estimates of turnover. The value of the rabbinical communities are based on interviews and conversations with scores of officials from the rabbinical communities by experts on the charedi communities, the Israel Police, assessors, and various charedi sources. Current and former Israel Tax Authority officials also contributed to the rankings.
Rav Pinchas Abuchatzeira inherited most of his fortune from his father, Rav Elazar Abuchatzeira Hy”d, who was murdered last year in Beer Sheva. The fortune of Rav Pinchas Abuchatzeira’s uncle, Rav David Abuchatzeira is estimated at NIS 750 million. Many national and local politicians pay homage to the rov.
The Gerer Rebbe is ranked in third place, with a fortune of NIS 350 million. The Belzer Rebbe is in fourth place, with a fortune of NIS 180 million. Rav Nir Ben-Artzi is in fifth place, with a fortune of NIS 100 million, followed by Rav Yaakov Ifargen, with a fortune of NIS 90 million, and Rav Yeshayahu Pinto, with a fortune of NIS 75 million.
Rav David Abuchatzeira is considered a financial expert, with real estate and stock investments in Israel and around the world.