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Time of India
6 hours ago
- Business
- Time of India
Meet Eyal Ofer, the richest person in Israel with a net worth of Rs 2.5 lakh crore - He once served in Israeli Air Force
Eyal Ofer net worth: As tensions between Israel and Iran continue with no resolution in sight, Israel isn't just defending itself with military strength — it's also showcasing power through technology and economic influence. Amid this ongoing conflict, one name stands out as a symbol of Israel's success on the world stage — Eyal Ofer, the richest person in Israel. His incredible journey from a shipping apprentice to a billionaire businessman highlights his role in shaping the modern global economy. Early Life of Eyal Ofer: A Humble Beginning Born in Haifa, Israel, in 1950, Eyal Ofer was raised in a family deeply rooted in the shipping industry. His father, Sammy Ofer, a Romanian-born Israeli tycoon, was once the wealthiest man in Israel. Eyal was exposed to hard work from a young age — he spent his summers on cargo ships, loading goods, scraping paint, and travelling to international ports. This early hands-on experience laid the foundation for his future business empire. Eyal Ofer's education Ofer completed his schooling at Atlantic College in Wales, a member of the United World Colleges network. Later, he studied Maritime Law at the University of London, further sharpening his knowledge of international trade and shipping. Eyal Ofer's Military Background and Education Before venturing into business, Eyal Ofer served as an intelligence officer in the Israeli Air Force from 1967 to 1973. His discipline and strategic mindset, developed during his military service, would later prove useful in navigating the complex world of global business. Personal Life: A Glimpse into Eyal Ofer's Family and Lifestyle Eyal Ofer is married to Marilyn Ofer, and the couple has four children. They currently live in Monte Carlo, Monaco, though they previously resided in London and also own a home in Herzliya Pituah near Tel Aviv. Eyal also owns a luxurious apartment in 15 Central Park West, one of Manhattan's most exclusive addresses, which he developed himself. His personal life reflects his global lifestyle and refined taste. Eyal Ofer's Net Worth: How rich is he? As of June 21, according to Forbes, Eyal Ofer's net worth is estimated at $30.3 billion, or around Rs 2.5 lakh crore. This makes him the 60th richest person in the world and the wealthiest in Israel. His fortune is far ahead of many other billionaires worldwide, solidifying his position as a financial powerhouse. Career and Business Journey of Eyal Ofer Real Estate Empire In the 1980s, Eyal Ofer moved to New York City to begin expanding his family's real estate ventures. Through Global Holdings, he built a property empire with investments across Manhattan, London, and Europe. His residential projects include some of the world's most expensive and iconic buildings like 15 Central Park West, 520 Park Avenue, and 50 United Nations Plaza. Global Holdings owns more than 120 properties and over 1,500 hotel rooms, and Eyal serves as its chairman. The company also holds a major stake in Miller Global Properties, focusing on commercial and residential developments. Shipping and Maritime Business Eyal Ofer is the chairman of the Zodiac Group, one of the largest private shipping companies in the world, operating over 180 vessels. It is the biggest operator of ships under the Red Ensign flag. He also served as a board director at Royal Caribbean Cruises, where he holds a significant stake. His impact on the shipping industry is widely recognised. Lloyd's List has consistently ranked him among the Top 100 Most Influential People in Shipping, even placing him in the Top 10 multiple times. Energy Ventures Through O.G. Energy, Eyal Ofer has stepped into the energy sector, with a focus on renewable energy and green hydrogen. In 2022, he invested in Tree Energy Solutions (TES), a Belgium-based green hydrogen company. He also owns O.G. Oil & Gas, with exploration rights in Southeast Asia and Australasia, and holds a 70% stake in New Zealand Oil & Gas. Investments in Technology Eyal Ofer is also deeply invested in technology through O.G. Venture Partners, a venture capital fund that supports early-growth tech start-ups. Its Fund I launched in 2017 with $150 million, and Fund II in 2022 with $400 million. Notably, in 2024, Ofer-backed gaming start-up SuperPlay was acquired by Playtika for up to $1.95 billion, one of the largest deals in the mobile gaming space. Awards and Global Influence Eyal Ofer's influence goes beyond business. In 2014, he received an honorary lifetime membership of the Baltic Exchange in London for his contribution to global shipping. Past recipients include Winston Churchill and the Duke of Edinburgh. He is also a regular speaker at global forums such as the Milken Institute and the World Economic Forum in Davos. In 2018, he joined the Advisory Board of Bloomberg New Economy Forum, aligning himself with global leaders in business and policy. Eyal Ofer's story is one of vision, hard work, and smart investments across shipping, real estate, energy, and technology. From his early life as a deckhand to becoming a billionaire mogul, his journey is truly inspiring. With a net worth of Rs 2.5 lakh crore, Eyal Ofer not only dominates Israel's financial world but also leaves a strong mark on the global stage. For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here
India.com
8 hours ago
- Business
- India.com
Meet richest person in Israel, his net worth is Rs 24000000000000, his name is..., business is...
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.
Wall Street Journal
16-04-2025
- Automotive
- Wall Street Journal
Hertz Share Soar After Ackman Takes Big Stake
Shares of Hertz HTZ 14.11%increase; green up pointing triangle Global Holdings surged after hedge-fund manager Bill Ackman's firm disclosed a significant stake in the rental-car company. The Ackman-led Pershing Square Capital Management said in a securities filing on Wednesday that it has accrued 12.7 million shares of Hertz stock. That represents about 4.1% of the company's 307.9 million outstanding shares, according to FactSet.
