Rank #417
Stef Wertheimer & family
Net worth $7.6B
Metalworking tools · Israel
- Born
- Jul 16, 1926
- Age
- 99
- Source
- Metalworking tools
- Residence
- Tel Aviv
- Citizenship
- Israel
- Marital status
- Married
- Children
- 4
- Education
Net worth over time
Biography
- Israeli industrial titan Stef Wertheimer sold two companies in 2013 and 2014; he is now focused on creating peace between Israel and Palestine.
- He builds industrial parks, or "capitalist kibbutzes," in disadvantaged and predominantly Arab regions of Israel in order to promote job creation.
- He sold his metal-cutting company ISCAR to Berkshire Hathaway in 2 stages: 80% for $4 billion in 2006, and the remainder for $2.05 billion in 2013.
- He also founded jet-engine blade maker Blades Technology and sold his 51% stake in 2014 to jet engine maker Pratt & Whitney for an undisclosed amount.
- His family has spent over $100 million to build six Arab workplaces around Israel.
- Wertheimer was honored with the Oslo Business for Peace Award in 2010.
- He founded ISCAR in 1952 in an old shack in Nahariya, a coastal city in Israel, with his wife Miriam.