Zalman Chaim Bernstein (1926-1999; זלמן חיים ברנשטיין), originally known in his businesses as Sanford Bernstein, was an American billionaire businessman and philanthropist.Zalman Bernstein, Wall Street giant, dies
'' J. The Jewish News of Northern California'', February 5, 1999The Shalem Center biography
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Biography

Zalman Bernstein was born to a Jewish family in Brooklyn,

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

in 1926. At the age of eighteen, he joined the United States Navy and fought in the Second World War. 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 Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...

.Interview with Roger Hertog by Professor Joseph Weiler
Tikvah Center for Law & Jewish Civilization, September 19, 2008 He worked as an economic advisor for the Marshall Plan. In 1967, he founded the investment management firm

Sanford Bernstein AllianceBernstein Holding L.P. (AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors. AllianceBernstein's headquarters are located in Nashvil ...

. When he first founded Sanford C. Bernstein, his brother Paul P. Bernstein was his sole partner.

Personal life

Bernstein married three times. He was survived by his third wife, Mem Dryan Bernstein; and three children, Claude Bernstein, Leslie Bernstein Armstrong, and Rochel Leah Bernstein; and three stepchildren, Geoffrey Dryan, Suzanne Dryan Felson, and Jennifer Dryan Farkas. He died of lymphoma in 1999. In the 1980s, he became an Orthodox Jew and dropped his English name, Sanford, for his Hebrew one, Zalman. He attended Lincoln Square Synagogue and became an intimate of its rabbi, Shlomo Riskin. In 1989, he made

aliyah Aliyah (, ; he, עֲלִיָּה ''ʿălīyyā'', ) is the immigration of Jews from Jewish diaspora, the diaspora to, historically, the geographical Land of Israel, which is in the modern era chiefly represented by the Israel, State of Israel ...

and moved to Israel. He also founded the Jewish organizations Avi Chai Foundation and Tikvah Fund, and he donated to the

Shalem Center The Shalem Center ( he, מרכז שלם, ''Merkaz Shalem'') was a Jerusalem research institute that supported academic work in the fields of philosophy, political theory, Jewish and Zionist history, Bible and Talmud, Middle East Studies, archaeolo ...

References

1926 births 1999 deaths People from Brooklyn New York University alumni Harvard Business School alumni American emigrants to Israel American Orthodox Jews Jewish American philanthropists 20th-century American businesspeople 20th-century American philanthropists 20th-century American Jews {{US-business-bio-1920s-stub