Zalman Bernstein

Zalman Chaim Bernstein (1926-1999; זלמן חיים ברנשטיין),[1] originally known in his businesses as Sanford Bernstein, was an American billionaire businessman and philanthropist.[2][3][4]

Zalman Chaim Bernstein
Born
Sanford Bernstein

1926
Brooklyn, New York, United States
Died1999 (age 72)
EducationB.S. New York University
M.S. Harvard Business School
OccupationInvestor
Known forCo-founder of Sanford C. Bernstein Company

Biography

Zalman Bernstein was born to a Jewish family in Brooklyn, New York in 1926.[5][4] At the age of eighteen, he joined the United States Navy and fought in the Second World War.[4] He then received a bachelor's degree in economics from New York University, followed by a master's degree in economics from the Harvard Business School.[4][6]

He worked as an economic advisor for the Marshall Plan.[4] In 1967, he founded the investment management firm Sanford Bernstein.[3][4] When he first founded Sanford C. Bernstein, his brother Paul P. Bernstein was his sole partner.[7]

Personal life

Bernstein married three times[5] and had three children by his third wife, Mem Dryan Bernstein.[5][8][9] He died of lymphoma in 1999.[5]

In the 1980s, he became an Orthodox Jew and dropped his English name, Sanford, for his Hebrew one, Zalman.[3] He attended Lincoln Square Synagogue and became a friend of its rabbi, Shlomo Riskin. In 1989, he made aliyah (moved to Israel).[3] He also founded the Jewish organizations Avi Chai Foundation and Tikvah Fund.[4][6][10]

References
  1. Leishman, Joel L.; Proscio, Tony (4 April 2010). "First Annual Report to The Avi Chai Foundation on the Progress of its Decision to Spend Down" (PDF). pp. 2, 8. Retrieved 23 May 2014. Zalman Chaim Bernstein, z'l, Avi Chai's founding donor… Zalman Bernstein's death in 1999
  2. ck (2014-05-19). "Beit Avichai's Jerusalem and the Jewish People". Jewlicious. Retrieved 2020-07-30.
  3. Zalman Bernstein, Wall Street giant, dies, J. The Jewish News of Northern California, February 5, 1999
  4. The Shalem Center biography
  5. Thomes Jr., Robert MCG. (January 9, 1999). "Zalman C. Bernstein, 72, Iconoclastic Broker". The New York Times.
  6. Interview with Roger Hertog by Professor Joseph Weiler, Tikvah Center for Law & Jewish Civilization, September 19, 2008
  7. Fund, Tikvah. "Zalman Chaim Bernstein 1926-1999" (PDF). tikvahfund.org/.
  8. Dryan Bernstein, Mem (January 2011). "Sunsetting a Foundation" (PDF). Sh'ma: A Journal of Jewish Ideas.
  9. Lippman, Steve (January 15, 1999). "Sanford Bernstein's Second Life". The New York Jewish Week.
  10. Stephens, Bret (Fall 2010). "The Business of Big Ideas". Philanthropy Roundtable. Archived from the original on October 11, 2014.
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