Zadik Bino & family
$2.5B
Born
Jan 01, 1944
Age
82
Source of Wealth
Banking, oil
Residence
Tel Aviv,
Citizenship
Israel
Marital Status
Married
Children
3
Education
Diploma, High School
- An Iraqi native, Zadik Bino moved to Israel and worked his way up the chain at First International Bank of Israel, known as FIBI.
- Bino went on to serve as CEO of FIBI from 1978 to 1986 before buying the company two decades later; he still owns 28.5% of the bank.
- He purchased a 60% stake in Israeli company Paz Oil in 1999 for $48 million.
- He has since liquidated his position in Paz Oil in transactions worth an estimated $800 million.
- He purchased FIBI Holdings from Brazil's Safra brothers for $90 million in cash in 2003.
- The Jerusalem Post once described the "Bino formula" as "know what you want, move fast and pay cash."
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