Net Worth & Profile
Arnon Milchan Net Worth And Biography
This article details Arnon Milchan’s net worth, biography, and career. He is one of the richest producers in the world.
Arnon Milchan is an Israeli-American businessman, film producer, and spy with a net worth of $3.5 billion, making him one of the richest producers in the world. In this article, RNN details Arnon Milchan’s net worth, biography, and career.
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Bio-Data
| Name | Arnon Milchan |
| Date of Birth | December 6, 1944 |
| Gender | Male |
| Marital Status | Married |
| Professions | Film Producer, Businessman |
| Arnon Milchan’s Net Worth | $3.5 Billion |
| Nationality | American & Israeli |
Biography
Arnon Milchan was born in Rehovot, British Mandate of Palestine (now Isreal) to a Jewish family on the 6th of December, 1944. His mother was a descendant of the European Jewish disciples of the rabbi Vilna Gaon who went to Palestine in the early 19th century. Arnon Milchan is the eighth generation of his family in the country.
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Business Career
Following the sudden death of his father, Arnon Milchan inherited his father’s fertilizer company at 21 and transformed it into a successful chemical company. He attended the London School of Economics and earned a degree before he was recruited with his company, Milchan Brothers Ltd. to Lekem. Lekem is a secret Israeli intelligence organization responsible for obtaining technology and material for Israel’s nuclear program, and other highly secretive programs.
Film Producing Career
Arnon Milchan has been in the movie business since 1977 after an introduction to American producer Elliot Kastner. In 1981, he partnered with Sydney Pollack on the US miniseries Masada. And in 1991, Arnon Milchan started his own production company, New Regency Productions. His company partnered with Warner Bros., Rupert Murdoch at 20th Century Fox, and others.
Arnon Milchan has produced over 130 films including world-famous and award-winning movies. He is also the owner of WTA broadcasting rights and the network that transmits Israeli tv programming to the US and Canada. Arnon Milchan is a part owner of Israel’s TV Channel 10, and a former owner of Puma.
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Intelligence Operative
Following the indictment of Dr. Richard Kelly Smyth in 1985 were speculations that Arnon Milchan could be involved in arms dealing and intelligence activities. Dr. Richard Kelly Smyth is an aerospace executive and scientist who had made illegal shipments of Kryptons, which could be used as nuclear weapon triggers, through one of Arnon Milchan’s companies.
However, it remained a rumor until Meir Doron and Joseph Gelman who were biographers published a controversial and unauthorized biography of Arnon Milchan in July 2011. The published biography revealed details of Arnon Milchan’s involvement in big-ticket arms dealing and also getting sensitive technology and materials for Israel’s nuclear weapons program. The research in Confidential established that he (Arnon Milchan) was a full-fledged operative for Israel’s top-secret intelligence agency, Lekem. And he bought components to build and maintain Israel’s nuclear arsenal whilst supervising government-backed accounts and front companies that financed the functional needs of Israel’s intelligence operations outside the country.
On November 23, Arnon Milchan confirmed on camera on Israel’s Channel 2 Documentary program the central claims in the book Confidential. His announcement stirred international interest and it was covered widely. Arnon Milchan acknowledged that he was a secret arms dealer for the Israeli government. He also claimed to have used his connections to promote the apartheid regime in South Africa in exchange for it helping Israel to acquire uranium for its nuclear program.
Arnon Milchan’s Net Worth
As of 2022, Arnon Milchan’s net worth is estimated at $3.5 billion, making him a billionaire and one of the richest producers in the world.
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Personal Life
Arnon Milchan is also an art collector. In April 2015, CNBC ranked him No.3 on their list of Hollywood’s top 10 art collectors. He had a collection valued at $600 million.
Arnon Milchan was first married to Brigitte Genmaire, a French model, but their marriage ended in divorce. Their union produced three children before it ended. Later on, he married Amanda Coetzer, a South African retired professional tennis player. Arnon Milchan has four children altogether and he lives in Tel Aviv, Israel.