Meet richest person in Israel, his net worth is Rs 24000000000000, his name is..., business is...
The fight between Israel and Iran is still going on, with no sign of peace anytime soon. Israel is not only attacking Iran with weapons but also using cyberattacks to damage its economy. One such cyberattack recently caused Iran huge financial losses, running into billions of dollars. In the middle of this tense situation, let's take a step back and meet a man who represents Israel's strength and global success, he is Eyal Ofer, the country's richest person. Who is Eyal Ofer?
Eyal Ofer is the chairman of multiple major businesses including the Ofer Group, Zodiac Group, and Global Holdings. His business empire spreads across real estate, shipping, energy, and technology.
But Eyal not just a businessman, he also has a deep love for art. He owns an impressive collection of artworks and is known globally for his contributions to world of art. A fortune worth Rs 24 lakh crore
According to Forbes, Eyal Ofer is ranked as the 68th richest person in the world. In Israel, however, he holds the top spot as the country's richest individual.
His net worth is USD 28.2 billion, which is approximately Rs. 24 lakh crore. That kind of wealth places him far ahead of many other billionaires around the globe. Israel, a nation full of billionaires
Israel is home to many billionaires, and the Ofer family alone has multiple members on the list. After Eyal, the second-richest person in Israel is his relative Idan Ofer, with a net worth of around USD 23.78 billion. He is ranked 86th globally.
Next in line is Dmitri Bukhman, known for his success in the gaming industry, with a fortune of USD 9.77 billion.
Interestingly, three members from the Ofer family are listed among the world's billionaires. What drives Israel's economy?
Israel may be a small country in size, but its economy is powered by high-tech industries, export of advanced technology, and innovation. The country is known for its strong focus on research, defense tech, and modern equipment, which brings in major income from across the world.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
22 minutes ago
- Indian Express
Mohali MC plans mechanical cleaning of C-roads; Rs 25 crore development works on agenda
The Mohali Municipal Corporation is set to take a major step in city sanitation by introducing mechanical sweeping for C-roads (inner lanes). The proposal will be tabled in the MC meeting scheduled for August 22. Officials said the MC area, including villages, has a road length of 303.44 km, of which 101 km are C-roads. These will now be cleaned weekly by machines. The plan also includes lifting of dry leaves, with an estimated cost of Rs 4 crore over three years. The meeting will also consider development projects worth Rs 25 crore, including laying premix on main roads, installing iron grills, building new libraries, and upgrading community centres. Officials said these projects aim to strengthen Mohali's infrastructure and move the city towards a 'smart city' model. The agenda includes some table items regarding the boundary wall of the dumping collection centre near Sector 74, which has already faced protests from residents. Another proposal seeks to break the monopoly of private garbage collectors by hiring a professional company for door-to-door collection and segregation of waste. This, officials said, is the 'need of the hour'. However, the move has drawn sharp criticism from elected members. Deputy Mayor Kuljit Singh Bedi, former deputy mayor Manjit Singh Sethi, councillor Jasbir Singh Manku and Anuradha Anand, both Finance & Contract Committee members, announced their opposition. They said, 'The MC's experiment of mechanical sweeping on B-roads has already failed. When machines cannot clean B-roads, how can they work on narrow C-roads?' They added that in many villages falling under MC Mohali, C-roads are so congested that 'even a bicycle cannot pass'. The councillors also questioned the fate of existing MC employees who currently clean these 'C' roads. The August 22 meeting is expected to be crucial, with decisions impacting both sanitation and development across Mohali.
Indian Express
22 minutes ago
- Indian Express
Balganga dam project: HC upholds Tribunal order asking state authorities to pay Rs 303 cr to firm
In a setback to Maharashtra government and its authorities, the Bombay High Court earlier this month upheld the majority award passed by the arbitral tribunal in April 2019 that directed the authorities to pay Rs 303 crore to FA Enterprises, a private firm, towards unpaid bills for construction of Balganga dam. The HC through August 12 verdict restored the arbitral tribunal award related to the project of water supply to expanding areas of Navi Mumbai and for drinking and Industrial purposes. The copy of the order was made available on Wednesday. The HC observed 'findings of the Arbitral Tribunal are based on the materials on record and on a proper appreciation of evidence.' The two-judge bench noted that the majority award had held termination invalid as the firm had taken substantial steps to get forest land clearance. Therefore, there was 'no legal basis for the single-judge bench to have upset this finding.' Justice Karnik for the division bench recorded, 'We are satisfied that the view taken by the Arbitral Tribunal on the basis of the evidence on record is a plausible view. In such circumstances there was no scope for the Single Judge to have interfered with the award of the Arbitral Tribunal in the exercise of its jurisdiction under Section 34 of the of the Arbitration and Conciliation Act, 1996.' In a meeting held in January, 2009 under the chairmanship of the then state Water Resources Development (WRD) Minister, it was decided to construct a dam on Balganga river, near Niphad village in Pen taluka of Raigad district to meet the drinking water needs of Navi Mumbai's growing population and industries. The CIDCO was to bear the capital cost for Dam development and would get ownership right over the water and construction was to be executed by the WRD through KIDC. In May, 2009, the KIDC issued a work order to FA enterprises for nearly Rs. 495 crore and in June, 2011, project cost was revised to Rs. 1, 220 crore, which was disputed by CIDCO, compelling it to form expert committees to ascertain the same. 'Due to continuous pressure from banking institutions,' the FA Enterprises in 2013 approached the HC, after which an arbitral panel comprising representatives of the authorities and the firm was formed. The HC appointed its presiding member. Meanwhile, the Anti-Corruption Bureau (ACB) in August, 2015 filed a chargesheet against the firm and others for corruption and other irregularities. The next month, the private firm claimed an amount of Rs 536.56 crore, which the authorities opposed. In 2016, the KIDC terminated the contract of the private firm. Three out of five members of the tribunal in April, 2019 passed a majority award directing KIDC to pay to the private firm a sum of Rs 303 crore, prompting the authorities to challenge it before the High Court. The single-judge bench of the HC in May, 2020 set aside the majority award. Thereafter the aggrieved private firm moved the two-judge bench of HC with appeals against the May, 2020 judgement. Accepting submissions by senior advocate Aspi Chinoy for the firm, the HC on August 12 held that there was no 'patent illegality' in the award and the Tribunal's decision was a 'plausible view,' therefore the same required to be restored.
Economic Times
24 minutes ago
- Economic Times
Trump thinks owning piece of Intel would be good deal for US: Here's what to know
AP President Donald Trump wants the US government to own a piece of Intel, less than two weeks after demanding the Silicon Valley pioneer dump the CEO that was hired to turn around the slumping chipmaker. If the goal is realised, the investment would deepen the Trump administration's involvement in the computer industry as the president ramps up the pressure for more US companies to manufacture products domestically instead of relying on overseas suppliers. What's happening? The Trump administration is in talks to secure a 10 per cent stake in Intel in exchange for converting government grants that were pledged to Intel under President Joe Biden. If the deal is completed, the US government would become one of Intel's largest shareholders and blur the traditional lines separating the public sector and private sector in a country that remains the world's largest economy. Why would Trump do this? In his second term, Trump has been leveraging his power to reprogramme the operations of major computer chip companies. The administration is requiring Nvidia and Advanced Micro Devices, two companies whose chips are helping to power the craze around artificial intelligence, to pay a 15 per cent commission on their sales of chips in China in exchange for export licenses. Trump's interest in Intel is also being driven by his desire to boost chip production in the US, which has been a focal point of the trade war that he has been waging throughout the world. By lessening the country's dependence on chips manufactured overseas, the president believes the US will be better positioned to maintain its technological lead on China in the race to create artificial intelligence. Didn't Trump want Intel's CEO to quit? That's what the president said August 7 in an unequivocal post calling for Intel CEO Lip-Bu Tan to resign less than five months after the Santa Clara, California, company hired him. The demand was triggered by reports raising national security concerns about Tan's past investments in Chinese tech companies while he was a venture capitalist. But Trump backed off after Tan professed his allegiance to the US in a public letter to Intel employees and went to the White House to meet with the president, who applauded the Intel CEO for having an "amazing story." Why would Intel do a deal? The company isn't commenting about the possibility of the US government becoming a major shareholder, but Intel may have little choice because it is currently dealing from a position of weakness. After enjoying decades of growth while its processors powered the personal computer boom, the company fell into a slump after missing the shift to the mobile computing era unleashed by the iPhone's 2007 debut. Intel has fallen even farther behind in recent years during an artificial intelligence craze that has been a boon for Nvidia and AMD. The company lost nearly USD 19 billion last year and another $3.7 billion in the first six months of this year, prompting Tan to undertake a cost-cutting spree. By the end of this year, Tan expects Intel to have about 75,000 workers, a 25% reduction from the end of last year. Would this deal be unusual? Although rare, it's not unprecedented for the US government to become a significant shareholder in a prominent company. One of the most notable instances occurred during the Great Recession in 2008 when the government injected nearly $50 billion into General Motors in return for a roughly 60% stake in the automaker at a time it was on the verge of bankruptcy. The government ended up with a roughly $10 billion loss after it sold its stock in GM. Would the government run Intel? US Commerce Secretary Howard Lutnick told CNBC during a Tuesday interview that the government has no intention of meddling in Intel's business, and will have its hands tied by holding non-voting shares in the company. But some analysts wonder if the Trump administration's financial ties to Intel might prod more companies looking to curry favour with the president to increase their orders for the company's chips. What government grants does Intel receive? Intel was among the biggest beneficiaries of the Biden administration's CHIPS and Science Act, but it hasn't been able to revive its fortunes while falling behind on construction projects spawned by the programme. The company has received about $2.2 billion of the $7.8 billion pledged under the incentives programme - money that Lutnick derided as a "giveaway" that would better serve US taxpayers if it's turned into Intel stock. "We think America should get the benefit of the bargain," Lutnick told CNBC. "It's obvious that it's the right move to make." Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Swiggy, Tencent backer Prosus gets Rajinikanth fan to script India AI play India's F&O boom puts spotlight on retail protection through education Can new shipping laws bury the ghost of British legacy? As big fat Indian wedding slims to budget, Manyavar loses lustre Stock Radar: Bajaj Auto showing signs of reversal after falling over 30% from highs; medium term should 'buy the dip' F&O Radar | Deploy Bull Call Ladder in JSW Steel stock to benefit from bullish outlook Time for risk-takers to come out of hibernation? 5 mid-cap stocks from different sectors with an upside potential of up to 27% Buy, Sell or Hold: Motilal Oswal initiates coverage on JSW Cement; Emkay Global sees over 30% upside in Gravita India
