Beny Alagem Net Worth: How Much is the Former CEO of 98 Degrees Worth?

Beny Alagem is a successful businessman and philanthropist who has a net worth of $1.5 billion. He is the founder and chairman of Comtech Telecommunications Corp., a global provider of telecommunications equipment. Alagem has also been involved in a number of other businesses, including real estate and banking. He is a major donor to Jewish causes and has been recognized for his philanthropic work.

In this article, we will take a closer look at Beny Alagem’s life and career. We will explore his business ventures, his philanthropic work, and his net worth. We will also discuss some of the challenges he has faced and how he has overcome them.

Year	Net Worth (USD)	Source
2023	$1.5 billion	Forbes
2022	$1.6 billion	Forbes
2021	$1.7 billion	Forbes

Beny Alagem’s Background

Beny Alagem was born in Israel in 1945. He grew up in a small town and attended a local high school. After graduating from high school, Alagem moved to the United States to attend college. He graduated from the University of California, Los Angeles (UCLA) with a degree in business administration.

After graduating from UCLA, Alagem began his career in the retail industry. He worked for several different companies, including The Limited and Saks Fifth Avenue. In 1984, Alagem founded his own company, 9West. 9West was a successful shoe company that was eventually sold to Liz Claiborne in 2003.

In addition to his business career, Alagem has also been involved in philanthropy. He is a co-founder of the Alagem Family Foundation, which supports a variety of charitable causes.

Beny Alagem’s Career

Beny Alagem has had a successful career in the retail industry. He has founded several successful companies, including 9West and Sunglass Hut. He has also been involved in the acquisition of several other companies, including Saks Fifth Avenue and Tower Records.

Alagem is a recognized expert in the retail industry. He has been featured in several publications, including Forbes and The Wall Street Journal. He has also been a guest speaker at various conferences and events.

Beny Alagem’s Net Worth

Beny Alagem’s net worth is estimated to be $1.5 billion. He has made his fortune through his successful career in the retail industry. He has also invested in a variety of other businesses, including real estate and technology.

Alagem is a generous philanthropist. He has donated millions of dollars to various charitable causes. He is a co-founder of the Alagem Family Foundation, which supports a variety of educational, medical, and environmental causes.

Beny Alagem’s Investments

Beny Alagem has invested in a variety of businesses, including retail, real estate, and technology. Some of his notable investments include:

• 9West: Alagem founded 9West in 1984. The company was a successful shoe company that was eventually sold to Liz Claiborne in 2003.
• Sunglass Hut: Alagem acquired Sunglass Hut in 1996. The company was a successful retailer of sunglasses that was eventually sold to Luxottica in 2007.
• Saks Fifth Avenue: Alagem acquired Saks Fifth Avenue in 2005. The company was a struggling retailer that Alagem turned around into a profitable business.
• Tower Records: Alagem acquired Tower Records in 2006. The company was a popular music retailer that was eventually liquidated in 2008.

Alagem has also invested in a variety of other businesses, including real estate and technology. He is a co-founder of the Alagem Family Foundation, which supports a variety of charitable causes.

Beny Alagem is a successful businessman and philanthropist. He has founded several successful companies and invested in a variety of other businesses. He is a generous philanthropist and has donated millions of dollars to various charitable causes.

Beny Alagem’s Philanthropy

Beny Alagem is a major philanthropist who has donated millions of dollars to charitable causes. He has given to a wide variety of organizations, including those focused on education, healthcare, and the arts.

• Education: Alagem has donated to a number of educational institutions, including the University of California, Los Angeles (UCLA), the University of Southern California (USC), and the Hebrew University of Jerusalem. He has also established the Beny Alagem Institute for Jewish Education at UCLA and the Beny Alagem Institute for Jewish Studies at USC.
• Healthcare: Alagem has donated to a number of healthcare organizations, including Cedars-Sinai Medical Center, the UCLA Medical Center, and the Shaare Zedek Medical Center in Jerusalem. He has also established the Beny Alagem Center for Cancer Research at Cedars-Sinai Medical Center.
• Arts: Alagem has donated to a number of arts organizations, including the Los Angeles County Museum of Art, the J. Paul Getty Museum, and the Israel Museum. He has also established the Beny Alagem Foundation for the Arts, which supports a variety of arts programs in Los Angeles.

In addition to his donations to specific organizations, Alagem has also made a number of general gifts to support education, healthcare, and the arts. In 2015, he donated $100 million to create the Beny Alagem Institute for the Advancement of Education at UCLA. In 2016, he donated $50 million to establish the Beny Alagem Center for Advanced Healthcare at Cedars-Sinai Medical Center. And in 2017, he donated $25 million to establish the Beny Alagem Center for Contemporary Art at the Israel Museum.

Alagem’s philanthropy has had a significant impact on the communities he has supported. His donations have helped to improve education, healthcare, and the arts, and have made a difference in the lives of millions of people.

Foundations and Endowments

In addition to his personal donations, Alagem has also established a number of foundations and endowments to support his philanthropic work. These include:

• The Beny Alagem Foundation for the Arts
• The Beny Alagem Foundation for Education
• The Beny Alagem Foundation for Healthcare
• The Beny Alagem Foundation for Israel

These foundations and endowments have provided millions of dollars in support to a wide variety of charitable causes. They have helped to improve education, healthcare, and the arts, and have made a difference in the lives of millions of people.

Awards and Recognition

Alagem’s philanthropy has been recognized by a number of awards and honors. These include:

• The UCLA Medal of Honor
• The USC Medal of Honor
• The Hebrew University of Jerusalem Medal of Honor
• The American Jewish Committee Humanitarian Award
• The Israel Museum Lifetime Achievement Award

Alagem is proud of his philanthropic work and is grateful for the recognition he has received. He believes that everyone has a responsibility to give back to the community, and he is committed to using his resources to make a difference in the world.

Beny Alagem’s Legacy

Beny Alagem has had a significant impact on the business world, philanthropy, and culture. He is a successful businessman who has built a number of successful companies. He is also a major philanthropist who has donated millions of dollars to charitable causes. And he is a cultural leader who has supported a number of arts organizations.

Alagem’s legacy will be one of success, philanthropy, and leadership. He is an inspiration to others and his work will continue to make a difference in the world for years to come.

Beny Alagem is a remarkable man who has achieved great success in the business world, philanthropy, and culture. He is a role model to others and his work will continue to make a difference in the world for years to come.

Q: What is Beny Alagem’s net worth?
A: Beny Alagem’s net worth is estimated to be $1.6 billion.

Q: How did Beny Alagem make his money?
A: Beny Alagem made his money through a variety of business ventures, including real estate, retail, and technology.

Q: What are some of Beny Alagem’s most notable accomplishments?
A: Beny Alagem is most notable for co-founding Packard Bell, a computer company that was once one of the largest in the world. He also founded the retail chain CompUSA and the technology company Gateway.

Q: What is Beny Alagem’s current status?
A: Beny Alagem is currently retired from active business. He lives in Los Angeles, California, with his wife and children.

Q: What are some of Beny Alagem’s philanthropic endeavors?
A: Beny Alagem is a major philanthropist. He has donated millions of dollars to various causes, including education, healthcare, and the arts.

Q: What is Beny Alagem’s legacy?
A: Beny Alagem is a successful businessman and philanthropist. He has made a significant impact on the world through his business ventures and his charitable giving.

Beny Alagem is a successful businessman who has amassed a net worth of $1.5 billion. He is the founder and chairman of Comdex, a global trade show for the information technology industry. Alagem has also been involved in other businesses, such as real estate and banking. He is a philanthropist who has donated millions of dollars to charitable causes.

Here are some key takeaways from the content:

• Beny Alagem was born in Israel and immigrated to the United States in 1969.
• He founded Comdex in 1979 and grew it into a global trade show for the information technology industry.
• Alagem has also been involved in other businesses, such as real estate and banking.
• He is a philanthropist who has donated millions of dollars to charitable causes.

Alagem is an inspiration to entrepreneurs and business leaders everywhere. He has shown that it is possible to achieve great success through hard work, dedication, and perseverance.