April 22, 2008

Covanta - Sam Zell

Zell Sells

Covanta - Equity Ownership of Directors and Management

Number of Shares


Beneficially Owned
Percent of Class
Samuel Zell (19)


15.0 %
Zell Shareholding in Covanta, 29-Feb-08: $666 million.

Covanta Book Value Per Share: $6.66
[Source: Yahoo! Finance]

Samuel "Sam" Zell (born September 1941) is a U.S.-born billionaire and real estate entrepreneur. He is co-founder and Chairman of Equity Group Investments, a private investment firm. With an estimated net worth of US$6 billion, he is ranked as the 52nd richest American by Forbes.[1]

On April 2, 2007, Zell bought Tribune Company, publisher of the Los Angeles Times, the Chicago Tribune, New York Newsday and owner of the Chicago Cubs.

Zell was born in Chicago in 1941 to Jewish immigrant parents from Poland who fled the country just before the Nazi invasion in 1939.

Zell, according to The Forward[6], is also "a major donor to causes in the Middle East. His donations include a $3.1 million donation to the Herzliya Interdisciplinary Center in Israel and separate donations to the Israel Center for Social and Economic Progress, a right-wing Israeli think tank.

In 2008, Zell announced a plan to place the Chicago Cubs and Wrigley Field up for sale separately in order to maximize profits.

Cell Hell


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