Meshulam Riklis
| Meshulam Riklis | |
|---|---|
| Born |
December 2, 1923 Istanbul, Turkey |
| Nationality | Israeli |
| Occupation | Businessman |
| Spouse(s) | Judith Stern (1940s-1970s) Pia Zadora (1977-1993) Tali Sinai (2010- ) |
| Children |
with Stern: --Simona Riklis Ackerman (deceased) --Marcia Riklis --Ira Riklis with Zadora: --Kady Riklis --Kristofer Riklis |
Meshulam Riklis (Hebrew: משולם ריקליס; born December 2, 1923) is an Israeli businessman.
Born in Istanbul, Riklis grew up in Tel Aviv before coming to the United States in 1947 with his first wife, Judith Stern, with whom he has three children: Simona (Mona), Marcia, and Ira. He studied mathematics at Ohio State University, graduating in 1950. His first significant job was as a junior stock analyst for the Minneapolis investment firm Piper Jaffray.
Riklis is credited with originating 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. His first significant foray was the creation of the Rapid-American Corporation by combining his significant stake in Rapid Electrotype Company, a platemaking concern with the American Colortype Company, a maker of stereoview lithographs and dollhouse furniture. Tracing the history of Rapid American Corporation and its renamed form Glen Alden Corporation, one can find the succession of acquisitions Riklis used to create his financial empire, including McCrory Stores, Leeds Travelware, Gruen Watch Company, Elizabeth Arden cosmetics, Aunt Nellie's Farm Kitchens, Bargain Time, Beatrice Foods, Canadian retailer Dylex, Culligan International, Fabergé Cosmetics, J. J. Newberry stores, Lerner Shops, Lawry's Meat Specialties, Martha White Foods, Odd Lot Trading, International Playtex, the Riviera hotel and casino in Las Vegas, RKO-Stanley Warner Theatres, Samsonite, Schenley Industries, the one-time American distributor of Dewar's whisky.
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