Nir Barkat

Minister of Economy of Israel since 2024

Nir Barkat launched his career in 1988 by establishing the software firm BRM, which specialized in antivirus technology before pivoting into a venture capital incubator. This background in high-tech entrepreneurship preceded a transition into public service, where he served as the Mayor of Jerusalem for a decade and eventually entered the Knesset as a national legislator.

Military Service and Education

Born in Jerusalem in 1959 to a physics professor and a folk dancing instructor, Barkat attended the Hebrew University of Jerusalem, where he earned a bachelor's degree in computer science. His formative years included a six-year tenure in the Israel Defense Forces starting in 1977. Assigned to the 98th Paratroopers Division, he reached the rank of major and sustained combat injuries during Operation Movil in Lebanon.

Technological Ventures and Personal Wealth

After founding BRM, Barkat expanded his influence by investing in companies like Check Point and Backweb. He later helped establish the Israel Venture Network, a social investment organization. By 2013, reports estimated his net worth at 450 million shekels, designating him as one of Israel's wealthiest politicians. Following his entry into the Knesset in 2019, his business holdings, including shares in eToro, became the subject of investigation by the Pandora Papers and subsequent reports regarding conflict-of-interest regulations for government ministers.

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Tenure as Mayor of Jerusalem

Barkat entered municipal politics in 2003, losing his first mayoral bid to Uri Lupoliansky before securing victory in 2008 with 52 percent of the vote. As a secular politician, his platform focused on tourism, housing, and increasing urban transparency. During his two terms, he initiated the city's international marathon and supported the controversial Formula 1 exhibition. While serving as mayor until 2018, he famously drew a salary of only one shekel per year.

Legislative Career

Following his municipal service, Barkat transitioned to national politics. He served multiple terms in the Knesset between 2019 and 2022, representing various mandates across that period. His political history includes brief leadership of the Jerusalem faction of the Kadima party between 2006 and 2007, an early departure driven by disagreements over territorial proposals.

Fast facts

Questions readers ask

What was Barkat's primary business contribution before entering politics?

He founded the software company BRM in 1988, which later evolved into a venture capital incubator.

Did Nir Barkat receive a salary as Mayor of Jerusalem?

No, he served his entire term as mayor for an annual salary of one shekel.

How long was his military service?

He served for six years in the 98th Paratroopers Division, including reserve duty.

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