Shaul Shani Net Worth is$1.3 Billion
Shaul Shani Net Worth: Shaul Shani is an Israeli entrepreneur who has a net worth of $1.3 billion. One of the richest people in Israel today, Shani made his beginnings in the tech industry as a co-founder of several companies through the 1980s like Oshap Technologies, Technomatix and Sapiens. All of the three were listed on the Nasdaq before being sold to strategic buyers. Later on, Shani also became a lead investor in Precise Software and DSP Group among others. By the end of the 1990s, he set up Global Village Telecom in Brazil, a company that went public in 2007 and two years later was sold to Vivendi in 2009 for $4.5 billion. In the meantime, Shaul Shani used his secretive investment vehicle, the Swarth Group, in 2007, which he teamed up with Ashmore, a U.K.-based investment group with assets under management of $71 billion, to acquire Israel-based ECI Telecom for $1.25 billion, delisting that company from the Nasdaq. In addition to the above, Shani's investment firm Swarth focuses not only on telecoms, software and cyber security, but also on financial investments involving capital markets, mezzanine loans and algorithmic trading. In the process, he built up some billion-worth fortune.
Swarth Group is a private equity company, owned by Israeli investor Shaul Shani. In 2007, it purchased Israeli ECI Telecom for $ 1.24 billion. The company headquarters are in Petah Tikva, Israel. The company specialises in Telecoms. In 2008, it acquired a 16.44% share of GVT Holding, which owns GVT Holland, and itself owns 22.9% of Brazilian telecom firm Global Village Telecom. The stake was purchased from Nochi Dankner's Discount Investment Corporation Ltd.. In 2009 Swarth group sold its holding in GVT to Vivendi the deal reflects a 15.8% premium on the price paid for it by Swarth in 2008.