The money and the buzz on each of L.A.’s wealthiest.
THE MONEY: Former chairman of Qualcomm Inc. scored big when investment firm Omninet Capital sold portfolio company for $200 million. Qualcomm stock fell in value after recession put squeeze on cell phone chips. Kadisha compensating by getting into two growth areas: Omninet has allocated $200 million to snap up distressed debt and real estate.
BUZZ: Omninet founded plastic packaging company PWP Industries in 1998 just when food industry was looking for alternatives to cardboard packaging. Company blossomed; now has four manufacturing plans in three states. Sold to rival Pactiv Corp. for $200 million. Omninet recently took majority stake in Israeli company Celltobet, which allows people to buy lottery tickets via cell phone. On legal front, Kadisha appealing ruling from judge who found in 2008 that he misappropriated money from the trust of widow to buy stake in Qualcomm. Remains donor to Israeli charities and non-profit organizations, especially the Citizens’ Empowerment Center in Israel. Rubbed shoulders with Lakers point guard Jordan Farmar at a CECI gala in October. Board member of Phoenix House, which helps drug addicts and alcoholics. Married into Beverly Hills clan headed by Izak Parviz Nazarian, who some believe is wealthiest Jewish Iranian in world.
• NET WORTH: $860 million +10%
• LAST YEAR: $780 million
• AGE: 55
• RESIDENCE: Beverly Hills
• SOURCE OF WEALTH: Telecommunications,
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