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Binyamin "Beny" Alagem ( he, בנימין אלג'ם; born 1953) is an
Israeli-American Israeli Americans ( he, אָמֵרִיקָאִים יִשׂרָאֵליִם lit. ''Ameriqaim Yisra'elim'') are Americans who have Israeli citizenship either by descent or Aliyah, or are Americans of Israeli national origin. Reflecting Israel's popu ...
entrepreneur Entrepreneurship is the creation or extraction of value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply e ...
, business executive, hotelier and philanthropist. He is the founder and former Chief Executive of
Packard Bell Packard Bell is a Dutch-based computer manufacturing company and subsidiary of Acer. The brand name originally belonged to an American radio set manufacturer, Packard Bell Corporation, founded by Herbert "Herb" A. Bell and Leon S. Packard in 1933 ...
Computers. He is the owner of the
Beverly Hilton Hotel The Beverly Hilton is a hotel located on an property at the intersection of Wilshire and Santa Monica boulevards in Beverly Hills, California. The Beverly Hilton has hosted many awards shows, charity benefits, and entertainment and motion pictur ...
and the
Waldorf Astoria The Waldorf Astoria New York is a luxury hotel in Midtown Manhattan in New York City. The structure, at 301 Park Avenue between 49th and 50th streets, is a 47-story Art Deco landmark designed by architects Schultze and Weaver, which was compl ...
in
Beverly Hills, California Beverly Hills is a city in Los Angeles County, California. Located within and surrounded by the cities of Los Angeles and West Hollywood, it had a population of 34,109 at the 2010 census and an estimated population of 33,792 in 2019. The city i ...
.


Early life

Beny Alagem was born in
Israel Israel (; he, יִשְׂרָאֵל; ar, إِسْرَائِيل), officially known as the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, '), is a country in Western Asia, located on the southeastern shore of the Mediterranean Se ...
.Roger Vincent
Checking in to grandeur: Designers show off plans for the Beverly Hills Waldorf Astoria, set to open in 2017
''The Los Angeles Times'', April 10, 2014

Owen Moritz, ''New York Daily News'', 28 February 2010.
He was a tank driver.Christina Binkley
The 'Trophy' Hotel: Fabulous Fixer-Upper
''The Wall Street Journal'', February 18, 2004
Alagem studied at
California State Polytechnic University, Pomona California State Polytechnic University, Pomona (Cal Poly Pomona, CPP, or Cal Poly"Cal Poly" may also refer to California Polytechnic State University in San Luis Obispo. See the ''name'' section of this article for more information.) is a publ ...
where he met fellow Israeli immigrants Jason Barzilay and Alex Sandel. In 1983, Alagem would partner up with Sandel and Barzilay to start Cal-Abco, a wholesaler of computer parts. In 1986, all three then invested into creating Packard Bell. As of 1995, Cal-Abco was still intact and was listed in the Packard Bell prospectus as a supplier of parts to Packard Bell with a shared credit line between the two companies.


Career

Alagem founded
Packard Bell Packard Bell is a Dutch-based computer manufacturing company and subsidiary of Acer. The brand name originally belonged to an American radio set manufacturer, Packard Bell Corporation, founded by Herbert "Herb" A. Bell and Leon S. Packard in 1933 ...
, a
personal computer File:Crystal Project computer.png, upright=0.9, An artist's depiction of a 2000s-era desktop-style personal computer, which includes a metal case with the computing components, a display monitor and a keyboard (mouse not shown) A personal com ...
manufacturer, in 1986.Chief of Packard Bell NEC Steps Down
''The New York Times'', July 1, 1998
He served as its
Chief Executive A chief executive officer (CEO), chief administrator, or just chief executive (CE), is one of a number of corporate executives in charge of managing an organization especially an independent legal entity such as a company or nonprofit institutio ...
and President until 1998, when he resigned after he disagreed with NEC and Groupe Bull, the two other main shareholders. In January 1999, he acquired the rights to the AST Research, Inc., AST Research name from Samsung. Alagem serves as the Chairman of the Alagem Capital Group, an asset management firm headquartered in
Beverly Hills, California Beverly Hills is a city in Los Angeles County, California. Located within and surrounded by the cities of Los Angeles and West Hollywood, it had a population of 34,109 at the 2010 census and an estimated population of 33,792 in 2019. The city i ...
.Alexandria Abramian
Waldorf Astoria Hotels & Resorts Unveils Plans for Beverly Hills
''The Hollywood Reporter'', 4/14/2014
Laura Coleman
Alagem, Hilton Start Building Beverly Hills Waldorf Astoria
''The Beverly Hills Courier''
Bloomberg: Alagem Capital Group
/ref> In December 2003, Alagem purchased the
Beverly Hilton Hotel The Beverly Hilton is a hotel located on an property at the intersection of Wilshire and Santa Monica boulevards in Beverly Hills, California. The Beverly Hilton has hosted many awards shows, charity benefits, and entertainment and motion pictur ...
from entertainer Merv Griffin for US$130 million through Oasis West Realty LLC, where he serves as Chief Executive Officer.Alexandria Abramian
Guggenheim Partners to Bankroll Beverly Hilton's Transformation (Exclusive)
''The Hollywood Reporter'', 10/18/2013
He proceeded to renovate it for an extra US$90 million. He is overseeing the development of the Beverly Hills Waldorf Astoria with Guggenheim Partners, which is scheduled to be dedicated in 2017. Designed by the architectural firm Gensler, it is adjacent to the Beverly Hilton Hotel. The Waldorf Astoria Beverly Hills will be the first new luxury hotel for the brand on the West Coast.Waldorf Astoria Hotels & Resorts Unveils Plans for Waldorf Astoria Beverly Hills
''waldorfastoria'', April 11, 2014


Philanthropy

Alagem was appointed an Honorary Ambassador of the City of Tel Aviv in 1995.Israeli American Council: Honorary Board of Directors
/ref> He serves as an honorary member of the Board of Directors of the Israeli-American Council (IAC). Indeed, he has been described by ''The Jewish Daily Forward'' as one of the "major donors" to the IAC. For example, he underwrote the entire cost of the Council Leadership Gala on March 11, 2012. He also serves on the Advisory Board of the American Friends of The Citizens' Empowerment Center in Israel, a non-profit organization headquartered in Beverly Hills which promotes peace in Israel through research and education. In 2004, Alagem held a fundraiser for the March of the Living, a non-profit organization which annual funds trips for 18,000 students to see the horror of the Auschwitz concentration camp, followed by trip to Israel on Yom Ha'atzmaut, Independence Day.Kelly Hartog
Circuit: Governor of Hope
''The Jewish Journal of Greater Los Angeles'', February 24, 2005
The event, which took place at the Beverly Hilton Hotel and was attended by Governor Arnold Schwarzenegger and Israeli ministers Ehud Olmert and Avraham Hirschenson, raised US$1 million. Alagem co-chaired a fundraiser for the Friends of the Israel Defense Forces at the Beverly Hilton Hotel on December 17, 2009.FIDF: Western Region Gala Raises $5.2 Million to Benefit Soldiers
/ref> It raised US$5.2 million for the Israel Defense Forces. Alagem was the recipient of the Philanthropic Leadership Award from the Board of Governors of the Cedars-Sinai Medical Center in 2016.


Personal life

Alagem has a wife, Adele.Juliet Chung, Sara Lin
Packard Bell Founder Agrees to Sell New York Condo
''The Wall Street Journal'', October 2, 2009
They reside in Bel Air, Los Angeles, California.Mark David
End of Week Pick Up Sticks: Brad Grey
''Variety (magazine), Variety'', September 21, 2013


See also

* List of largest houses in the Los Angeles Metropolitan Area * List of largest houses in the United States


References

{{DEFAULTSORT:Alagem, Beny Living people 1953 births Israeli emigrants to the United States People from Bel Air, Los Angeles Israeli businesspeople American computer businesspeople American hoteliers Jewish American philanthropists Israeli Jews California State Polytechnic University, Pomona alumni