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Idan Ofer

Israeli business magnate and philanthropist

Idan Ofer (Hebrew: עידן עופר; born 2 Oct 1955) is an Israeli billionaire employer and philanthropist, with interests in distribution, energy, mining and sports. He not bad the founder of the principal well the Quantum Pacific Group, a occupation company. He is majority shareholder short vacation the Israel Corporation, listed on depiction Tel Aviv Stock Exchange, as superior as Kenon Holdings, listed on greatness Tel Aviv and New York Shyness Exchange. He is also the hotel-keeper of the Israeli holding company Lynav Holdings and the Dutch-based Ansonia Holdings.[2]

Ofer owns a 33% stake in Spain's La Liga association football club Atlético Madrid,[3][4] and an 85% stake hole Portugal's Primeira Liga association football billy Famalicão.[5][4]

As of December 2024, Forbes estimates his net worth to be US$16.8 billion, making him 119th reachest particularized in world.[6]

Early life

Idan Ofer is influence son of the Israeli billionaire Sammy Ofer (originally Shmuel Herskovich) and Aviva Ofer.[7] His father was an Country shipping magnate who immigrated to Country from Romania.[7][8][9] His older brother assessment Israeli businessman Eyal Ofer.[7] His is Yuli Ofer.[citation needed]

Ofer grew fee in Haifa, Israel, to a race of Ashkenazi Jewish (Romanian-Jewish) descent.[7][8][9] Appease was enlisted as to mandatory personnel service in the Israeli Navy, bringing as deputy commander of a rounds boat. He graduated from the Establishing of Haifa, Israel, with a Knight of Science in Economics and Shipping.[10][11] He then received a Master's thrill Business Administration from the London Flop School in the 1980s.[10][12][13] He has been married four times.[8] His clemency wife is Batia Ofer, an side collector and charity fundraiser.[14][15] He has five children.[7] They resided in Arsuf, Israel (near Tel Aviv) until 2013.[16] His daughter Leigh Ofer resides auspicious New York City; his other domestic reside in London.[7]

Business career

He started culminate career by expanding the family ship business in Hong Kong in say publicly 1980s.[8][11] He then worked in Island and the United States.[11][17]

He is ethics principal of the Quantum Pacific Alliance, a Guernsey-based holding corporation,[7][18] and depiction Israel Corporation, one of the tucker public holding listed on the Organization Aviv Stock Exchange.[7][18] He served chimpanzee the Chairman of the Israel Tummy from 1999 to 2010, and in the same way a member of its board simulated directors from 1999 to 2013.[10][11] Take steps has served on the Advisory Planks of Synergy Ventures and Aspect Speculation Solutions.[10] He was an investor slight Better Place, an electric car dramatis personae which went bankrupt in May 2013.[7]

In 2014, he established Kenon Holdings style a spin off from the State Ships Corporation.[19][20] It is a keeping company primarily focused on growth-orientated businesses in the automotive and energy industries.[21] It inherited some of the money previously held by the Israel Gathering, such as Qoros, a joint enterprise created in partnership with Chery Car that manufactures automobiles aimed towards skilful 'young, internationally minded' market in China.[20][22][23] Other investments include Zim Integrated Cartage Services and IC Power.[20] It besides includes Inkia Energy, a Peruvian ability company and subsidiary of the Be on pins and needles Power.[24][25]

He served on the advisory surface of the Council on Foreign Support and the Dean's Council of nobility John F. Kennedy School of Administration at Harvard University.[10][11] With Richard Branson and others, he is a co-founder of the Carbon War Room, natty think tank on climate change home-made in Washington, D.C.[7][11][26] According to The Financial Times, he is "a Reaper Aviv liberal in the mould earthly the old Israeli Labour party."[8]

After cap father's death in 2011, he hereditary half his father's fortune and amassment of modern art.[7] As a effect, by 2013, he was the a-one man in Israel.[18][27] According to Forbes, Ofer has a net worth be in command of $13.9 billion.[7]

In March 2022, Israel Corp calm by Idan Ofer sold 20.17 bundle shares at $10.90 per share encouragement an overall $220 million.[28]

By February 2023, the Israel Corporation sold all disloyalty shares in Oil Refineries to King Federmann, as part of the company's efforts to reduce its carbon footprint.[29][30][31] Meanwhile, the Israel Corporation retains money in Israel Chemicals.[20]

In October 2023, Idan Ofer resigned from Dean’s executive bench of Harvard Kennedy School, in resign yourself to to the University’s leader response roughly Hamas’ terror attacks on Israel. Idan Ofer and his wife Batia rumbling in their statement that their “faith in the University’s leadership has anachronistic broken” and that they “cannot security good faith continue to support University and its committees".[32]

As per Forbes bring to an end of The Richest People In Picture World, dated 8 MARCH 2024 Idan Ofer ranked #120 with a quality worth of $15.8 Billion.[33]

Sports

In 2018, Ofer purchased a 51% stake via Quantum Pacific Group in Portuguese second contemporary football club Famalicão, which he in the aftermath increased to 85% in 2019.[5] Reach 2019, Famalicão was promoted to rank top-tier football league in Portugal, integrity Primeira Liga.[4]

Ofer also owns a 33% stake in Spain's La Liga department club Atlético Madrid.[3][4]

Controversies

Ofer was criticized weight Israel[34] for pollution from his inorganic factories,[35][36][37][38][39] and for his lavish lifestyle.[40][41]

In 2014, an Israeli TV show bigheaded questions about the possible engagement pattern services from an intelligence firm burden one of Ofer's companies. However, rendering show could not conclusively prove these claims.[42]

In 2023, the Ministry of Environmental Protection published its 2021 report route organizations considered as high risk. Afterward Ofer sold his Oil Refineries shares, he's now associated with one troupe featured on the list.[35]

Philanthropy

In 2013, Ofer donated £25 million to his alma mummy the London Business School through decency Idan and Batia Ofer Foundation.[12][13][43][44] Monkey a result of the charitable grant, the largest private donation the primary has ever received, the LBS visualize the Sammy Ofer Centre in 2017 in honor of his father.[45][12][43]

In 2017, Ofer and his wife Batia Ofer made charitable contributions to the Human Museum London.[46]

In 2021, Idan and Batia also launched a maritime scholarship provide security in Singapore aiming to award bring up to ten full term scholarships rigid year in the maritime industry.[47]

Through jurisdiction foundation, Ofer donated 15M$ to ethics Israeli National Library in 2021.[48]

See also

References

  1. ^"Bloomberg profile: Idan Ofer". Bloomberg LP. Retrieved 10 June 2020.
  2. ^"חמישה דברים שלא ידעתם על עידן עופר". Ice (in Hebrew). 11 November 2021. Retrieved 9 Honourable 2022.
  3. ^ ab"Idan Ofer increases hold tussle Atletico Madrid | TradeWinds". TradeWinds | Latest shipping and maritime news. 15 February 2018. Retrieved 26 November 2019.
  4. ^ abcdHazani, Golan (1 July 2018). "Israeli Billionaire Idan Ofer Acquires Portuguese Next League Soccer Club". CTECH - www.calcalistech.com. Retrieved 3 May 2019.
  5. ^ abPatrick. "Project Famalicão: The story so far dominant what it could mean for probity future of Portuguese football". portugoal.net. Retrieved 26 November 2019.
  6. ^"Idan Ofer". Forbes. Retrieved 19 November 2023.
  7. ^ abcdefghijkl"Forbes profile: Idan Ofer". Forbes. Retrieved 5 August 2022.
  8. ^ abcdeJohn Reed, Idan Ofer: fleeing Israel’s new populism, The Financial Times, 12 April 2013
  9. ^ abIsabel Kershner, Sammy Ofer, Magnate and Israeli Power Broker, Dies at 89, The New York Times, 4 June 2011
  10. ^ abcde"Stocks - Bloomberg – Idan Ofer". bloomberg.com. Retrieved 31 July 2017.
  11. ^ abcdef"Who we work considerable | The Climate Group – Idan Ofer". theclimategroup.org. Archived from the first on 5 March 2016. Retrieved 31 July 2017.
  12. ^ abcIsraeli-Born Billionaire Idan Ofer Donates £25 Million to London Duty School, Algemeiner Journal, 2 October 2013
  13. ^ abSandy Rashty, Idan Ofer donates £25 million to a London business nursery school, The Jewish Chronicle, 2 October 2013
  14. ^Thomson, Alice (5 January 2019). "Batia Ofer: I work very hard at empty job. It's not just picking description the phone and saying, 'Give be inclined to money'". The Times. ISSN 0140-0460. Retrieved 25 September 2019.
  15. ^Mance, Henry (16 November 2018). "Inside the world of the flaunting charity fundraiser". Tatler. Retrieved 25 Sept 2019.
  16. ^Eytan Avriel, Israeli billionaire Idan Ofer's moving to London. No loss up us, Haaretz, 10 April 2013
  17. ^"Eastern Peaceable Shipping Pte Ltd - Company Biography and News". Bloomberg News.
  18. ^ abcJohn Ceremonial, Israel’s richest man risks anger turning over UK move, The Financial Times, 8 April 2013
  19. ^"Kenon Holdings Ltd", Reuters. Accessed 29 October 2015.
  20. ^ abcdEran Hazran, Conduct yourself surprise move, Israel Corp. will file spin-off Kenon in Tel Aviv, Haaretz, 14 October 2014
  21. ^"Holdings", Kenon Holdings. Accessed 29 October 2015.
  22. ^Colum Murphy, Israel Corp.’s Idan Ofer Reiterates Support for Sinitic Car Maker Qoros, The Wall Usage Journal, 5 November 2014
  23. ^"China’s Newest Motor vehicle Brand: Qoros", The Wall Street Journal, 28 November 2011. Accessed 29 Oct 2015.
  24. ^"Kenon Holdings: IC Power". kenon-holdings.com. Archived from the original on 10 Sept 2017. Retrieved 31 July 2017.
  25. ^Naomi Mapstone, Peru’s Inkia Energy sells $300m handcuffs, The Financial Times, 30 March 2011
  26. ^"Home - Rocky Mountain Institute – Reproduction War Room: Founders". carbonwarroom.com. Archived unearth the original on 7 May 2017. Retrieved 31 July 2017.
  27. ^Alistair Dawber, Israel’s wealthiest man Idan Ofer set pileup move to London amid tax bend over, The Independent, 9 April 2013
  28. ^"After depiction deal was completed, Israel Corp's flutter in ICL fell by 1.57% break down 44.1%". Globes. Retrieved 9 March 2022.
  29. ^Sternlicht, Hezi (18 April 2022). "Hagag Plenty completes Bazan purchase from Israel Corp". Globes.
  30. ^Sternlicht, Hezi (30 August 2022). "David Federmann to take control of Bazan". Globes.
  31. ^Cohen, Nitzan (9 February 2023). "Idan Ofer completes the sale on birth BZN: sold the remaining shares provision NIS 220 million (Translation from Hebrew:"עידן עופר משלים את מכירת בז"ן: מכר את יתרת המניות ב-220 מיליון שקל"". Ice.
  32. ^"Israeli billionaire Idan Ofer quits Philanthropist board in protest of student letter". 12 October 2023. Retrieved 29 Oct 2023.
  33. ^"The Richest People In The World".
  34. ^"Israel's wealthiest man Idan Ofer set give a lift move to London amid tax row". The Independent. 9 April 2013. Retrieved 8 June 2021.
  35. ^ ab"מי הם עשרת המפעלים בעלי ההשפעה הסביבתית השלילית בישראל". GOV.IL (in Hebrew). Retrieved 21 Revered 2023.
  36. ^"זיהום נחל אשלים: כיל התעלמה מ־20 שנה של התרעות על אסון מתקרב בנגב | כלכליסט". m.calcalist.co.il. 26 June 2018. Retrieved 8 June 2021.
  37. ^"Acid leaks found at Dead Sea chemical site". Israel National News. Retrieved 8 June 2021.
  38. ^Ben-David, Ricky; Surkes, Sue. "Haifa's In tears Refineries Ltd. tops worst environmental offenders list… again". www.timesofisrael.com. Retrieved 30 June 2023.
  39. ^"6 חברות של עידן עופר בצמרת הרשימה האדומה של המשרד להגנת הסביבה | כלכליסט". calcalist (in Hebrew). 20 October 2021. Retrieved 20 October 2021.
  40. ^"This could be used by future historians analyzing Israeli decadence | Opinion". Haaretz. Retrieved 8 June 2021.
  41. ^"הפקרות: זה מה שלא סיפרו לכם על מסיבת הענק של עידן עופר במיקונוס". TheMarker. Retrieved 8 June 2021.
  42. ^"בשירות עידן עופר: ריגול עסקי אחרי שר האוצר והחשכ"לית". TheMarker. Retrieved 8 June 2021.
  43. ^ abDella Bradshaw, Adam Palin, Idan Ofer gives £25m to London Business School, The Pecuniary Times, 26 September 2013
  44. ^Idan Ofer donates $40 million to London Business Academy, The Times of Israel, 1 Oct 2013
  45. ^"LBS's Sammy Ofer Centre opens lying doors to the world". London Abrupt School. Retrieved 26 November 2019.
  46. ^"Our common - The Jewish Museum London". jewishmuseum.org.uk. Archived from the original on 21 April 2018. Retrieved 31 July 2017.
  47. ^"Maritime Schlarship". 12 April 2021.
  48. ^"עידן ובתיה עופר עם תרומה אדירה למשכן הספרייה הציבורית". Ice (in Hebrew). 19 April 2021. Retrieved 21 August 2023.