Vatican, Chief Rabbinate slam assault on Armenian Patriarch

Vatican, Chief Rabbinate slam assault on Armenian Patriarch
20/10/2004 13:08

By Amiram Barkat, Haaretz Correspondent

The Holy See and the Chief Rabbinate of Israel this week issued a
joint condemnation of an assault on the Armenian Patriarch of
Jerusalem, when he was spat at by a yeshiva student in the Old City.
In a joint statement released Tuesday in Rome, the Vatican and the
Chief Rabbinate called on ?religious authorities to publicly protest
when actions of disrespect towards religious persons, symbols and Holy
Sites are committed.
The statement gave as an example ?the desecration of cemeteries and
the recent assault on the Armenian Patriarch.?
The statement also calls on ?all relevant authorities? to respect the
?sacred character of Jerusalem and to prevent overt and immodest
actions which offend the sensibilities of religious communities that
reside in Jerusalem and hold her dear.?
The common declaration came at the conclusion of a three-day meeting
of Catholic and Jewish officials in Grottaferrata, south of Rome,
constituting the 4th ?dialogue session? since June 2002 between the
Holy See and the Chief Rabbinate.
The discussions this time were focused on Judeo-Christian beliefs
regarding social justice and ethical behavior. Previous sessions have
concentrated on the dignity of Man, the value of human life and the
family, and the importance of Scripture for contemporary society.
The Vatican delegation to the meetings this week was headed by
Cardinal Jorge Meija, the former Vatican archivist. The Israeli
delegation was lead by Sh?ar Yishuv Cohen, the chief rabbi of Haifa,
and its members included Rabbi David Rosen, from the American Jewish
Committee, and chief rabbis of several other Israeli cities.
To mark the 30th anniversary of the establishment of a Vatican
commission for the relations with Judaism by Pope Paul the 6th , the
head of the commission, Cardinal Walter Kasper, and Cardinal Meija
will visit Rome Synagogue for the Shabbat services.
Also this week, Cardinal Kasper and Riccardo di Segni, the chief rabbi
of Rome, will open a seminar at one of the Vatican universities, which
will focus on Jewish-Catholic relations of the past few decades.

US specalists will arrive in Armenia to evaluate tasks of US aid

Agency WPS
DEFENSE and SECURITY (Russia)
October 20, 2004, Wednesday
A GROUP OF U.S. SPECIALISTS WILL ARIVE IN ARMENIA IN ORDER TO
EVALUATE THE TASKS OF REALIZATION OF THE PROGRAM OF U.S. AID
A group of US experts will soon arrive in Armenia. This statement was
made by US Deputy Secretary of State Laura Kennedy at a meeting with
Armenian Defense Minister Serj Sargsyan. The information and
propaganda department of the Armenian Defense Ministry reports that
the experts’ conclusions will let the republic concentrate on
concrete tasks of realization of the program of US aid. Laura Kennedy
thanked the Armenian government for its readiness to send a military
contingent to Iraq. Sargsyan focused on the development of
US-Armenian military relations. He said: “I’d like to note that this
is very important for us.” According to the agreement signed in 2002
the US government gave $7 million to Armenia for modernizing military
communication systems.
Source: RIA Novosti, October 18, 2004

Plight of Iraqi Christians Provokes Calls for Special Protection

Plight of Iraqi Christians Provokes Calls for Special Protection
by Jim Lobe
Antiwar.com, United States
Oct 15 2004
While the successful penetration by suicide bombers, who killed
ten people, including four U.S. nationals, of the carefully guarded
“Green Zone” in downtown Baghdad grabbed headlines here this week,
another measure of the deteriorating security situation in Iraq came
from a more surprising source.
In an article published Thursday in the online edition of the
right-wing National Review, an influential neoconservative activist
appealed to the Bush administration to create a “safe haven”
within Iraq specifically for Iraq’s estimated 800,000 Christians,
or “Chaldo-Assyrians,” 40,000 of whom are believed to have left the
country since the U.S. invasion in the face of growing persecution.
The creation of such a zone, which is contemplated under the interim
constitution approved by the U.S.-led Coalition Provisional Authority
(CPA) earlier this year, could curb the growing exodus and might even
persuade some who left to return, according to the author, Nina Shea,
the director of Freedom House’s Center for Religious Freedom.
“The community needs U.S. help to create such a district which should
encompass the traditional community villages located near Mosul, in
the Nineveh Plains,” according to Shea. “They believe that thousands
of their members who have fled to other countries in the Middle East
over the decades but are not permanently resettled could be persuaded
to return to such a secure place.”
She also called on the State Department to begin providing
reconstruction aid directly to the Christian community in the region,
and not just to Arab and Kurdish groups living in the region.
Calling the Chaldo-Assyrians the “canaries in the coal mine for the
Great Middle East,” Shea, who enjoys good relations with the Bush
White House, noted that “the extent to which they are tolerated in
the new Iraq is being watched closely by Maronites of Lebanon, the
Copts of Egypt, and other non-Muslim populations in the region.” Like
the Chaldo-Assyrians, the Maronites and Copts are Christian.
Her appeal echoed those of a number of Iraqi-American Christian
groups which met here earlier this month in a concerted effort to draw
attention to their co-religionists’ communities which has deteriorated
sharply since the U.S. invasion.
“Widespread and systematic abuse of human rights and targeted
killings of Christians continue every day in Iraq, mainly in the
Kurdish-controlled areas in the North, Mosul, and Baghdad,” asserted a
letter to the U.S. Congress sent by the 70-year-old Assyrian American
National Federation (AANF) late last month. “As a result of such
atrocities, some 40,000 Assyrians have already fled Iraq since July
of this year.”
“Iraq, once the center of the earliest Christian churches in the
world, may soon be cleared of its Assyrian population, the only
indigenous people of that country – ancient Mesopotamia,” warned the
letter, which also called for Congress to earmark five percent of
total reconstruction aid for Iraq “for the safety of the Christian
population and the rebuilding of their villages.”
Communities of Christians have indeed inhabited modern-day Mesopotamia
virtually since the dawn of Christianity 2,000 years ago. Most are
Chaldeans, or Eastern-rite Catholics, whose native tongue is Aramaic,
the language of Jesus. Most of the other Christians are Assyrian,
who belong to different denominations, including the Ancient Church
of the East, the Syrian Orthodox Church, the Chaldean Church,
and Protestant churches. The remainder consist primarily of Syrian,
Armenian, Greek Catholics; Armenian and Greek Orthodox; and, Mandaeans,
who are followers of John the Baptist.
Historically, the Chaldeans and Assyrians have been concentrated in
the Mosul area, although many left seeking economic opportunities
in other regions. During successive periods of “Arabization” in
the post-colonial era, and particularly under Ba’athist rule, some
Christian communities, like other non-Arab groups, particularly Kurds,
were displaced in order to make way for Arabs, especially from the
southern part of the country.
According to the last national census in 1987, Iraq had some 1.4
million Christians, but most sources estimate that 800,000 at
most remain in the country of some 23 million today. Most of the
emigration took place after Iraq’s invasion of Kuwait in 1990 when UN
sanctions brought intense economic hardship on middle-class families,
in particular, a disproportionate number of which are Christian.
As the sanctions continued to weaken the middle class during the 1990s,
tens of thousands of Christians emigrated to nearby Arab countries,
notably Syria and Lebanon, Europe and North America.
Under Saddam Hussein, Christians, particularly Assyrians who were
sometimes referred to as Christian Kurds, suffered from forced
relocations in the north, and, like Kurds and Shiites, were banned from
organizing political parties. At the same time, they were welcomed
into the Ba’ath Party (which was co-founded by a Christian) and were
permitted to rise, as did then prime minister Tariq Aziz, to senior
posts. The regime did not interfere with their religious practice,
and, in some cases, even provided subsidies to churches.
With the rise of Islamist sentiment, even before the U.S.-led invasion
last year, Christians grew increasingly concerned about their fate in
Iraq. Popular pressure induced the regime to adopt Islamic slogans,
build mosques and even introduce a ban on alcohol, which hit the
almost exclusively Christian liquor-store and restaurant owners
particularly hard.
On the eve of the war, Pope John Paul II, along with a number of
Iraqi Christian clerics, made private and personal appeals to the
Bush administration not to go to war, in major part because of their
fears that the aftermath could expose the community to much greater
risks and persecution.
“The concern is that Christians will disappear,” Bishop Pierre Whalon,
an Episcopal official working with the Chaldean church, told the
London-based Financial Times on the eve of the war. “The present
regime gives them some tolerance; who knows what the next one will do.”
Those fears, which were broadcast before the war by U.S. Christian
denominations but pooh-poohed by the neoconservatives and other hawks
before the war, now appear to have been well-grounded. Christian
liquor-store and restaurant owners and their families have been
attacked – sometimes fatally – in predominantly Muslim towns and
cities, while last August, five churches in Baghdad and Mosul were
blown up in a coordinated series of bombings. At the same time,
wealthier Christian families have been targeted for kidnapping by
criminal gangs.
Christians have also come under attack by Kurdish militias in the
north, including Mosul itself, where Kurds have clashed frequently with
Arabs and other minorities as they have tried to extend their control
to “Arabized” areas, which they consider to have been traditionally
Kurdish.
“They worry that this may be the beginning of either a jihad by
Muslim extremists or an ethnic-cleansing campaign by Kurds, with whom
they live in close proximity, or both,” wrote Shea, who said the
administration “cannot afford to be indifferent to the persecution
facing the Chaldo-Assyrian religious minority.”
The result has been an exodus of an estimated 40,000 Christians so far,
most of whom have emigrated to neighboring Syria. At the same time,
many others from Baghdad and the south have reportedly tried to move
back to their traditional homeland near Mosul, particularly around
Dahouk, Zakho, and Irbil.
It is this area that, according to Shea and the Christian
Iraqi-Americans, should be carved out and given special protection
as contemplated by section 53(D) of the CPA-approved Basic Law,
on which the interim government, however, has not yet taken a position.
(Inter Press Service)

Economic Interest Of Russia

ECONOMIC INTEREST OF RUSSIA
A1 Plus
13-10-2004
WHEN SAYING THE ECONOMIC INTEREST OF ARMENIA, SUPPOSING THE The
recent days in Armenia can be called as the days of Russia in
Armenia. Numerous officials of Russia are now in Armenia and hold
meetings. Russian Transport Minister Igor Levitin has today partaken
in opening of Armenian International Economic Forum.
It was stated during the arrangement that in 2004 the Armenian-Russian
trade turnover increased by 34,5 in comparison with 2003 and crossed
the limit of $ 200 million. As a rule the Russian investments were
directed to production and bank spheres of Armenia.
The Russian side considers establishment of “Armenal” joint venture
in 2000 and allocation of 70% of “Armavia” Company stocks to “Siberia”
Airlines as profitable investment.
Russia stresses with pleasure “Property for Debt” program, through
which some Armenian enterprises were handed to the Russian part.
Igor Levitin, Russian Transport Minister and Chairman of
Inter-parliamentary Commission for Armenian-Russian Economic
Cooperation, assures the private banks of Russia show interest in
supporting the Russian enterprises set up in the territory of Armenia
and establishment of new joint ventures.

Antelias: Sweden: Importance of Ecumenical Collaboration

PRESS RELEASE
Catholicosate of Cilicia
Communication and Information Department
Tel: (04) 410001, 410003
Fax: (04) 419724
E- mail: [email protected]
Web:
PO Box 70 317
Antelias-Lebanon
Armenian version:
His Holiness Aram I and Archbishop Hammar
Emphasize the Importance of Ecumenical Collaboration
Antelias, Lebanon – His Holiness Aram I, Catholicos of the Great
House of Cilicia, who was the official guest of the Church of Sweden,
had several meetings with various leaders of the Church of Sweden,
including diocesan archbishops.
Included in the high-level meetings and consultations was a
meeting with the head of the Lutheran Church of Sweden, Archbishop
K. G. Hammar. The two church leaders emphasized the current importance
of the Ecumenical Movement and inter-church dialogue.
The Catholicos also spoke candidly and in detail about the Armenian
Genocide and the rights of the Armenian people. The two church leaders
have been friends for many years and five years ago Archbishop Hammar
visited Antelias, the seat of the Cilician See.
During his visit to Sweden, His Holiness had meetings with leaders of
other church denominations, as well as with leaders of the European
Conference of churches.
In spite of his extensive and busy schedule, His Holiness granted
interviews to the media. He spoke about Christian-Moslem dialogue,
the situation in the Middle East, the Armenian Genocide, and the
Ecumenical Movement.
##
View printable pictures here:
top
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The Armenian Catholicosate of Cilicia is one of the two Catholicosates
of the Armenian Orthodox Church. For detailed information about the
Ecumenical activities of the Cilician Catholicosate, you may refer
to the web page of the Catholicosate, The
Cilician Catholicosate, the administrative center of the church is
located in Antelias, Lebanon.

Equatorial Guinea waits for sir Mark to speak

Equatorial Guinea waits for sir Mark to speak
Sapa-AFP
October 04 2004 at 02:20AM

Libreville – The trial in Equatorial Guinea of 19 people including 14
suspected mercenaries accused of plotting to overthrow President
Teodoro Obian Nguema will not resume on Monday as previously
announced, sources there said.
Eight South Africans, six Armenians and five Equato-Guineans,
including a former deputy minister, went on trial in Malabo in August
for allegedly plotting to oust Obiang, who has ruled the small central
African country since 1979.
The case was adjourned on August 31 at the request of the state’s
attorney general, Jose Olo Obono, to get “further information” after
the arrest of Mark Thatcher in South Africa.
The son of the former British prime minister is suspected by
Equatorial Guinea and South Africa of financing the alleged plot.
The lawyer for the South African defendants recently told AFP that the
trial would resume on October 4. No official confirmation was
available.
Olo Obono could not be reached in Malabo in recent days.
Thatcher was arrested in South Africa, where he lives, and the South
African government has given permission for questions to be put to him
on behalf of Equatorial Guinea’s prosecutor’s office.
That hearing had been set for September 22 but has been postponed
until November 26. – Sapa-AFP

Public Invited to Gathering of UN Officials,Orthodox & Oriental Orth

PRESS OFFICE
Diocese of the Armenian Church of America
630 Second Avenue, New York, NY 10016
Contact: Chris Zakian
Tel: (212) 686-0710; Fax: (212) 779-3558
E-mail: [email protected]
Website:
September 28, 2004
___________________
JOINT COMMISSION OF EASTERN & ORIENTAL ORTHODOX CHURCHES ANNOUNCES 4TH
ANNUAL UNITED NATIONS PRAYER SERVICE
Public Invited to Gathering of UN Officials, Orthodox & Oriental
Orthodox Churches, at NYC’s St. Vartan Cathedral
NEW YORK, NY (SCOBA/SCOOCH)–The Joint Commission of the Standing
Conference of the Canonical Orthodox Bishops in the Americas (SCOBA) and
the Standing Conference of Oriental Orthodox Churches in America
(SCOOCH) is pleased to announce that the 4th annual “Orthodox Prayer
Service and Reception for the United Nations Community” will take place
on the evening of Tuesday, October 12, 2004, at St. Vartan Armenian
Cathedral, 630 Second Avenue (corner of 34th Street), New York City.
The event will begin at 6:30 p.m.
This year’s prayer service will be conducted according to the tradition
of the Syrian Orthodox Church of Antioch, and will be dedicated to
overcoming violence in the world–a theme suggested by the World Council
of Churches’ “Decade to Overcome Violence.”
Distinguished speakers for this year’s service will be Mr. Kahn Chitaia,
Deputy Permanent Representative of the Republic of Georgia to the United
Nations; and His Excellency Ambassador Teruneh Zenna, Deputy Permanent
Representative of the Federal Democratic Republic of Ethiopia to the
United Nations.
Delivering the homily will be His Eminence Metropolitan Mor Cyril Aphrem
Karim, Archbishop of the Syrian Orthodox Archdiocese for the Eastern
United States–prelate of the church which will host the event at the
Armenian Cathedral of St. Vartan.
The Orthodox Prayer Service for the UN Community was inaugurated in
2000, as a way to establish an Orthodox presence for the cause of world
peace and understanding, and to enable Orthodox Christians to share in
their common religious and cultural heritage. Last year’s
service–hosted by His Beatitude Metropolitan Herman of the Orthodox
Church in America, at Holy Trinity Greek Orthodox Archdiocesan Cathedral
in New York City–drew over 300 participants, including dignitaries of
the local Orthodox and Oriental Orthodox churches, and UN ambassadors
representing nations with significant Orthodox populations.
Members of the metropolitan New York area Orthodox and Oriental Orthodox
communities–and the public in general–are encouraged to come together
once again for this annual prayer service. For more information, kindly
contact the Archdiocese of the Syrian Orthodox Church for the Eastern
United States, at (201) 801 0660.
–9/28/04
# # #

www.armenianchurch.org

ANCA: Rep. Pallone Speaks Out On Azerbaijani War Rhetoric AgainstArm

Armenian National Committee of America
888 17th St., NW, Suite 904
Washington, DC 20006
Tel: (202) 775-1918
Fax: (202) 775-5648
E-mail: [email protected]
Internet:
PRESS RELEASE
FOR IMMEDIATE RELEASE
September 28, 2004
Contact: Elizabeth S. Chouldjian
Tel: (202) 775-1918
REP. PALLONE SPEAKS OUT ON AZERBAIJANI WAR RHETORIC AGAINST ARMENIA
— Calls on Administration to Condemn Azerbaijani Actions; Cites
Importance of Military Aid Parity Between Armenia and Azerbaijan
WASHINGTON, DC – In a powerful statement on the House floor this
evening, Congressional Armenian Caucus Chairman Frank Pallone (D-
NJ) spoke about the dangers posed by increasingly inflammatory
Azerbaijani statements by President Ilham Aliyev and his Cabinet
Members, calling for a military takeover of neighboring Armenia and
the decimation of its population in the coming decades, reported
the Armenian National Committee of America (ANCA).
In his remarks, Rep. Pallone cited statements “made by officials in
the government of President Aliyev calling into question the very
existence of Armenia. For example, as reported by Radio Free
Europe, the Azerbaijani Defense Ministry spokesman called for
Azerbaijan’s takeover of the entire territory of Armenia and
removal of the entire Armenian population from the Caucasus. He
went so far as to say, and I quote, ‘Within the next 25 years there
will exist no state of Armenia in the South Caucasus.’ Given
Azerbaijan’s history of aggression against Armenians, these remarks
can’t be dismissed as mere rhetoric.”
Rep. Pallone continued to highlight Azerbaijan’s refusal to allow
Armenian troops to participate in NATO exercises in Azerbaijan,
despite Armenia’s willingness to allow similar participation by
Azerbaijan in exercises last year.
Noting Armenia’s ongoing commitment to the “peace process and the
terms agreed to in the Key West summit,” and “the crucial role that
the United States plays in the negotiations over Nagorno-
Karabakh,” Rep. Pallone called on the Administration to take
action. “A failure on our part to forcefully and publicly confront
the Azerbaijani government over these destabilizing threats would,
in our view, send extremely dangerous signals to Azerbaijan,”
explained the Congressman.
Last week, Rep. Pallone joined his Congressional Armenian Caucus
Co-Chair Joe Knollenberg (R-MI) in urging their House Colleagues to
ask President Bush to publicly condemn Azerbaijan’s war rhetoric
and other increasingly bellicose remarks against the Republic of
Armenia and Nagorno Karabagh. In a “Dear Colleague” letter sent to
the 141 Armenian Caucus members, Reps. Pallone and Knollenberg
cited the dangers of Azerbaijan’s ongoing war statements. The
letter to President Bush, which currently has 35 cosigners,
states:
“Efforts to reinforce stability and reduce the risk of conflict are
in the best interests of the United States and the region. The
Nagorno Karabakh peace process will achieve nothing if Azerbaijan
is allowed to risk war and predict ethnic cleansing with impunity.
To this end, we urge that you condemn these remarks and call upon
the government of Azerbaijan to desist in making any further
threats against Armenia and Nagorno Karabakh.”
#####
CONGRESSMAN FRANK PALLONE, JR.
FLOOR STATEMENT
URGING U.S. TO CONDEMN RECENT
THREATS MADE BY AZERBAIJAN AGAINST ARMENIA
September 28, 2004
Mr. Speaker, I rise today to bring your attention to recent
statements made by high-ranking government officials in Azerbaijan
that directly and significantly threaten the security of Armenia,
as well as efforts towards a peaceful settlement over the Nagorno-
Karabagh conflict.
This issue, if not compellingly addressed by the
Administration, has the potential to undermine U.S. interests and
American values in the strategically important Caucasus region.
I refer to the recent remarks made by officials in the
government of President Aliyev calling into question the very
existence of Armenia. For example, as reported by Radio Free
Europe, the Azerbaijani Defense Ministry spokesman called for
Azerbaijan’s takeover of the entire territory of Armenia and
removal of the entire Armenian population from the Caucasus. He
went so far as to say, and I quote, “Within the next 25 years there
will exist no state of Armenia in the South Caucasus.” Given
Azerbaijan’s history of aggression against Armenians, these remarks
can’t be dismissed as mere rhetoric.
Furthermore, Azerbaijan recently blocked key NATO exercises
in the country, due to their opposition towards having Armenian
officers taking part in the exercises. In fact, in June of 2003,
Armenia served as the host country for similar exercises, to which
Azerbaijani military forces were invited, yet refused to
participate. This year, Armenia was one of several dozen countries
due to participate, yet the initiative was blocked by Azerbaijan,
who is continuing its efforts to undermine the prospects for peace
in the Caucasus region.
Azerbaijan’s threats against Armenia’s survival reinforce
our commitment to maintaining parity in U.S. military aid to
Armenia and Azerbaijan. This arrangement means even more today
than when it was first put in place, particularly in light of
Baku’s increasingly aggressive posture towards Armenia. Any tilt
in military spending toward Azerbaijan could, in our view,
destabilize the region by emboldening the new Azerbaijani
leadership to continue their threats to impose a military solution
of the Nagorno-Karabakh conflict.
Just last week, the Republic of Armenia celebrated its 2nd
Independence, marking 13 years of freedom from Soviet rule. We
have seen considerable economic growth in the country. Despite the
continued illegal blockade by Turkey and Azerbaijan, a recent Wall
Street Journal study found that Armenia remains the most
economically free nation in the region. Today, Armenia is
steadfast in its support of the U.S, as exhibited by their recent
announcement of plans to send a unit of deminers, doctors and 50
trucks, including staff and drivers, to assist the coalition forces
in Iraq.
It is critical to note that Armenia is today, as it has
always been, committed to the peace process and the terms agreed to
in the Key West summit. Since the beginning of the Nagorno-
Karabagh and Azerbaijan conflict, Armenia has been committed to
finding a peaceful resolution. Moreover, I can’t stress enough,
Mr. Speaker, the crucial role that the United States plays in the
negotiations over Nagorno-Karabakh, to help the people of this
region find a lasting and equitable peace. So, these threats by
Azerbaijan undermine these efforts and seriously complicate our
diplomacy in the region. A failure on our part to forcefully and
publicly confront the Azerbaijani government over these
destabilizing threats would, in our view, send extremely dangerous
signals to Azerbaijan.
So, Mr. Speaker, I hope that the United States takes action
to condemn these remarks, and we here, in this Chamber, do
everything that we can to ensure that all parties involved in this
conflict make a genuine commitment towards peace and stability in
the region.
#####

www.anca.org

From MFA Media Desk

MINISTRY OF FOREIGN AFFAIRS OF THE REPUBLIC OF ARMENIA
—————————————— —-
PRESS AND INFORMATION DEPARTMENT
375010 Telephone: +3741. 544041 ext 202
Fax: +3741. .562543
Email: [email protected]:
PRESS RELEASE
28 September 2004
On 27 September Foreign Minister Vartan Oskanian held several meetings
in New York, within the framework of the 59th General Assembly of the
United Nations. In their fourth meeting, Turkish Foreign Minister
Abdullah Gul and Minister Oskanian explored bilateral issues as
well as regional concerns. This meeting followed a meeting with
Minsk Group co-chairman Ambassador Steven Mann. Earlier in the day,
the Minister had met with US Undersecretary of State Mark Grossman,
with whom they explored bilateral issues, including the upcoming
Armenia-US Task Force meeting and the Millennium Challenge Account.
The Minister also met with Jean Obeid, Foreign Minister of Lebanon,
who was also in New York for the UN General Assembly.
The Minister will remain in NY through Wednesday September 29 when
he will address the General Assembly.

www.armeniaforeignministry.am

Forbes 400 Richest in America in 2004 (excerpt)

Kirk Kerkorian Ranked 30th, Richard Manoogian Ranked
327th on New Forbes 400 Wealthiest Americans List
Forbes Magazine (Forbes.com)
September 23, 2004
Forbes 400 Richest in America in 2004
#30, Kerkorian, Kirk
Net Worth: $5.8 billion
Source: Investments, investments, casinos
Self made
Age: 87
Marital Status: divorced, 2 children, 3 divorces
Hometown: Los Angeles, California
Undergraduate: High School, Diploma
Low-key investor hit jackpot with $7.9 billion
takeover of Mandalay Bay Resorts in June. MGM Mirage
stake now worth $3.4 billion. Former World War II
pilot got start selling Trans International Airlines
for $104 million profit in the 1960s. Invested
proceeds in Vegas: acquired Flamingo hotel 1967, built
International hotel 1969. Sold both properties to
Hilton Hotels in 1970. Built first MGM Grand (now
Bally’s), opened second incarnation 1993. Bought Steve
Wynn’s Mirage Resorts for $6.4 billion in 2000.
Longtime love affair with MGM movie studio appears to
be coming to an end: takeover negotiations with Sony
heating up. Originally purchased studio 1970; sold to
Ted Turner 1986, bought back months later. Sold again
1990. Picked up a third time 1996. Personally netted
$1 billion when studio paid massive $8 dividend to
investors in May. Continues to push lawsuit against
DaimlerChrysler over 1998 merger; testified in
Delaware court in December. DCX shareholders now
accusing Kerkorian of insider trading.
;passYear04&passListType=Person&uniqueId=NINP&datatype=Person
****************************************************
#327, Manoogian, Richard Alexander
Net Worth: $950 million
Source: Manufacturing, Masco
Inherited and growing
Age: 68
Marital Status: married, 3 children
Hometown: Grosse Pointe Farms, Michigan
Undergraduate: Yale University, Bachelor of Arts / Science
Son of Armenian immigrant Alex, who began Detroit auto
parts business Masco in 1929; later developed
single-handle Delta faucet. Richard joined in 1958,
became president a decade later, diversified by
acquiring several low-tech, high-margin businesses in
building and home-improvement products. Avid collector
of 19th- and early-20th-century American art, which he
loans to the White House and the National Gallery.
“Art is my one main diversion from work.”
;passYear04&passListType=Person&uniqueId=EZVQ&datatype=Person