Tuesday, October 30, 2018

Yitzhak Tshuva 


Age 74   Net Worth $3.7 Billion
Born Tripoli, Libya  Citizen  Israel
Selfmade in real estate, conglomerate and energy, bought Delek Group in 1998 




Education  High School Dropout at age 12 to help his family


Here is a picture of Yitzhak Tshuva 







 











Here is my youtube link to Yitzhak Tshuva
https://www.youtube.com/watch?v=7sNwzVuDWKc

He began building hundreds of low-income housing in the city of Netanya , Israel in the 1970s.
This is where he made his first fortune

In the 1990s, with the arrival of 900,000 Russian Jew, the demand for low-income housing skyrocketed













In 1994, he bought the Plaza Hotel in New York City

In 1998, he surprised everyone by taking ownership of Delek Group after a hostile takeover


Since 2004, he had invested in Offshore Oil and Natural Gas Exporation 

In 2013, the Tamar 1 Natural Gas went into production, saving 1% of the GDP of Israel 















Now energy is an important part of his portfolio






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