Zadik Bino & family

Net worth over time

Biography

• 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."

Financial assets