Stef Wertheimer Net Worth is$4.4 Billion
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Nicknames: State of Israel
Stef Wertheimer net worth: Stef Wertheimer is a German-born Israeli billionaire who has a net worth of $4.4 billion. Stef Wertheimer made most of his fortune through the small metal tool cutting factory called ISCAR that he started in his backyard in 1952. ISCAR quickly became a success and attracted investors like Discount Investments, who eventually became its minority shareholder. However, Wertheimer's company first drew international attention in 2006, when it became the first major international target of Warren Buffett's Berkshire Hathaway. At the time, Wertheimer sold 80% of Iscar to Buffett leaving for himself only a 20% stake in the company, currently run by his son Eitan. As of today, ISCAR is one of the largest (by sales) producer of carbide industrial-cutting tools that are used by world-wide known car-makers like General Motors and Ford. With numerous branches in over 50 countries worldwide, the company employs nearly 6,000 people. However, the company struggled through 2012, being hit by tough economic conditions. Apart from making money, he has also donated more than $100 million to his own method of creating a lasting peace between the territories of Israel and the Palestine. For his peace-making efforts, Wertheimer was honored with Oslo Business for Peace Award in 2010. As of March 2013, Stef Wertheimer is the 3rd richest person in Israel.
Stef Wertheimer (Hebrew: x?x?x? x?x?x?x?x?x?x?x?a??, born 16 July 1926) is a German-born Israeli business magnate, philanthropist and former politician. He is a former Member of the Knesset, and is well known for founding industrial parks in Israel and neighboring countries.[citation needed]
Wertheimer was born in Kippenheim, Germany. His family fled to Israel in 1937 to escape Nazism and settled in Tel Aviv.
He studied in the Tel-Nordau School but dropped out of school at age 16 and started working in a camera repair store. At the same time, he began studying optics with Professor Emanuel Goldberg, a researcher and inventor who contributed significantly to different aspects of imaging technology in the first half of the twentieth century.
In 1943, during World War II, Wertheimer joined the British Royal Air Force. Wertheimer served as an optical equipment technician. He was sent to Bahrain where he repaired optical equipment installed in Britain's military aircraft.
In 1945 he joined the Palmach, where he served as a technical officer in the German Unit a?? a special guerilla force trained with British cooperation to participate in combat operations against the German army, should it reach Palestine. In 1947, he joined the Haganah and worked in the development and improvement of cannons. During the 1948 Arab-Israeli War, he served as a technical officer in the Yiftach Brigade.
After the war, Wertheimer started working at RAFAEL, only to be dismissed shortly thereafter because of his lack of formal education.
In 1952, Wertheimer started in the backyard of his home in Nahariya, Israel a small metal tool cutting factory called ISCAR. The factory quickly became a success and attracted the interest of Discount Investments, who later became a minority investor in the company. Today, ISCAR is one of the world's largest (by sales) manufacturers of carbide industrial-cutting tools, which are used by carmakers like General Motors and Ford. ISCAR branches ex

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Stef Wertheimer Latest News

Stef Wertheimer Ushers Israeli Arabs Into The Global Village

One of Israel's richest men also happens to be one of the country's most socially aware businessmen. Renowned for his modesty, industrialist Stef Wertheimer made billions in the metal industry and is now building his sixth technology park, this time in the ...
Posted: November 30, 2009, 7:44 pm

Stef Wertheimer: High tech marginal for Israel

Stef Wertheimer tells "Forward" that high tech has the worrying effect of causing Israelis to leave the country. Iscar Ltd. founder Stef Wertheimer, which he and his family recently sold to Warren Buffett, told "Forward", "High tech is marginal,” and ...
Posted: June 25, 2013, 4:30 am

Warren Buffett Invested In ISCAR; ISCAR's Founder Is Investing In Peace

This story appears in the Mar. 26 “Billionaires” edition of Forbes magazine. Much has changed for Stef Wertheimer since FORBES last talked with the Israeli industrialist in 1995. For one, he’s become a billionaire. In 2006 Warren Buffett’s ...
Posted: March 6, 2012, 4:00 pm
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