Name
Stef Wertheimer
Stef Wertheimer
tel aviv, Israel
Israel
metalworking tools, Self Made
$5,700,000,000
303
#303 Billionaires 2019
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.
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