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Richest People in Israel

7. Yitzhak Tshuva – Net worth: $2.6 billion

Born on July 7, 1948, Yitzhak Tshuva is a business magnate and the Chairman of El-Ad Group, which owned the Plaza Hotel from New York.

After his service in the Israeli army, he worked as a contractor for the Israeli Defense Ministry. Tshuva got his start in real estate in the 1970s, developing low-income housing in Israel.

El Ad Group has been buying up property in Manhattan, and sold off Buckingham Gate, a development near Buckingham Palace in London, for $280 million.

The billionaire also owns the Israeli conglomerate Delek Group, a publicly traded energy firm that made Tshuva’s fortune to grow with 50%.

In February of 2013, Yitzak Tshuva made a deal with Australia’s Woodside Energy to buy a 25% state in the Leviathan natural gas field and now he owns 23% of that field.

 

NEXT: #6 Haim Saban

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