Stef Wertheimer Net Worth

Stef Wertheimer Net Worth is
$5.6 Billion

Stef Wertheimer Biography

$5.6 Billion: Stef Wertheimer has been lying low since Warren Buffett’s Berkshire Hathaway paid $2.05 billion for 20% of Stef Wertheimer’s Iscar in-may 2013. Berkshire experienced previously paid $4 billion for 80% of the business in 2006. The Wertheimers also sold their 51% stake in Blades Tech in 2014. Right now out of the family members business, Wertheimer is focusing on his own approach to creating a enduring peace between Israel and the Palestinian territories. He offers devoted a lot more than $100 million to his ‘capitalist kibbutzes’ – commercial parks offering rent-free of charge working space for commercial startups in Israel’s economically disadvantaged and predominantly Arab areas. He was honored with the Oslo Business for Peace Award this year 2010 for these attempts. He in addition has reportedly financed Maskit, Israel’s first luxury style house. Stef Wertheimer net well worth: Stef Wertheimer is a German-born Israeli billionaire who includes a net well worth of $5.3 billion. Stef Wertheimer made the majority of his fortune through the tiny metal device cutting factory known as ISCAR that he were only available in his backyard in 1952. ISCAR quickly became successful and attracted traders like Low cost Investments, who ultimately became its minority shareholder. However, Wertheimer’s company 1st drew international interest in 2006, when it became the first main international focus on of Warren Buffett’s Berkshire Hathaway. At that time, Wertheimer sold 80% of Iscar to Buffett departing for himself just a 20% stake in the business, presently run by his child Eitan. Currently, ISCAR is among the largest (by product sales) maker of carbide industrial-cutting equipment that are utilized by world-wide known car-manufacturers like General Motors and Ford. With several branches in over 50 countries world-wide, the business employs nearly 6,000 people. Nevertheless, the business struggled through 2012, becoming hit by tough fiscal conditions. Apart from earning money, he in addition has donated a lot more than $100 million to his very own approach to creating a long lasting peace between your territories of Israel and the Palestine. For his peace-making initiatives, Wertheimer was honored with Oslo Business for Peace Award this year 2010. By March 2013, Stef Wertheimer may be the 3rd richest person in Israel. Stef Wertheimer rose to fame in 2006 when his business became the initial international focus on of Berkshire Hathaway Inc.,

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Quick Facts

Full NameStef Wertheimer
Net Worth5.6 billion USD
Date Of BirthJuly 16, 1926
ChildrenEitan Wertheimer, Ruth Wertheimer




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