The Karfunkels: A Billion-Dollar Legacy

The Karfunkel family’s ascent to wealth is a tale of resilience, opportunity, and shrewd investments. George and Michael Karfunkel, Hungarian immigrants, turned their modest beginnings into a billion-dollar empire in the United States.

From Paperwork to Fortune

Their journey began with a humble start in handling paperwork for investors. This initial venture laid the foundation for their future success. The brothers then established AmTrust Financial Services, an insurance and finance giant. Their astute investments in real estate, including iconic landmarks like the World Trade Center, turned their wealth into a goldmine.

Legacy of Giving

The Karfunkel family’s success extends beyond financial gain. Michael Karfunkel, a devout Jew, was a pillar of the Jewish community and known for his charitable endeavors. George, who survived the Entebbe raid, is also a celebrated businessman and generous giver. Their story embodies the classic American Dream, where hard work and smart investments can lead to extraordinary heights.

Zyskind’s Alliance

Barry Zyskind, the CEO of AmTrust Financial Services, is married to Esther Karfunkel, the daughter of Michael Karfunkel. This union has proven advantageous for Zyskind, not only in terms of business connections but also in his involvement in Jewish community affairs.

Community Impact

The Karfunkel family has left an indelible mark on the community. They have supported numerous causes, including education and healthcare, demonstrating that wealth can be a tool for positive change.

Key Points

  • The Karfunkel brothers built a billion-dollar empire from humble beginnings.
  • AmTrust Financial Services and strategic real estate investments were key to their success.
  • Michael Karfunkel was a prominent philanthropist and Jewish community leader.
  • Barry Zyskind’s marriage to Esther Karfunkel has brought him business advantages and opportunities for community involvement.
  • The Karfunkel family’s legacy is not only about wealth but also about positive social impact.