Yitzhak Tshuva Net Worth is$2.2 Billion
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Nicknames: State of Israel
Yitzhak Tshuva net worth: Yitzhak Tshuva is an Israeli business magnate who has a net worth of $2.2 billion. Yitzhak Tshuva is the chairman of El-Ad Group, a property company with buildings mostly in America and Canada. In July 2012, he sold his 60% stake in the crown jewel, Manhattan's Plaza Hotel, and nearby retail space for $675 million. In addition to the Israel-based real estate development conglomerate, Tshuva owns Delek Group, which is an energy conglomerate again located in Israel. Tshuva's fairy-tale life story began in Netanya in a single room where his poor family of 11 lived briefly. However, things have turned for the better once Tshuva became a contractor and later earned a tidy fortune in the construction boom that coincided with the influx of Soviet Jews to Israel during the 1980s and early 90?s. But it was in 1998 when his life changed for good, having orchestrated a hostile takeover of Delek, Israel's second-largest oil and gas company and. Being once poor, Tshuva set up a fund at Delek, through which he provides scholarships for 400 Israeli university students each year. As of March 2013, Tshuva is the 8th richest man in Israel. He is married with five children.
Yitzhak Tshuva (born July 7, 1948) is an Israeli business magnate. He is the chairman of El-Ad Group, which owned the New York Plaza Hotel. He also owns the Israeli conglomerate Delek Group. In 2012 he was listed by Forbes as the eighth wealthiest Israeli. His personal wealth is estimated to be $1.9 billion as of March 2012[update], down from a peak of $3.5 billion in 2008.
Tshuva was born in Libya in 1948, his family immigrated to Israel as part of the Jewish exodus from Arab and Muslim countries when he was six months old; at the age of 12, he started working in construction and agriculture. After his army service, he began working as a contractor for the Israeli Defense Ministry, building fortifications along the Bar-Lev Line near the Suez Canal, after Israel captured the Sinai Peninsula from Egypt in the 1967 Six Day War.
In 1970s, Tshuva became a developer of low-income neighborhoods mainly in his home town of Netanya. His major business breakthrough came in 1998, when he managed to gain control of Delek, The Israel Fuel Corporation, from the Recanati business familya??s IDB Holdings; which he grew and developed into the Delek Group, a global integrated energy company.

Yitzhak Tshuva Latest News

Delek Real Estate in debt deal with bondholder reps

The debt-ridden and financially strapped company, controlled by Yitzhak Tshuva, is slated to pay some 300 million shekels ($82.9 million) in principal and interest on its Series 25 bonds next week but sought a delay while Tshuva finalises a deal to sell ...
Posted: August 28, 2011, 2:40 am

Is the US Playing With Gas in Syria?

Boasting the results of a seismic study of Leviathan in June 2010, Delek boss Yitzhak Tshuva declared “today is a day of celebration for all of us,” as “the State of Israel is now an energy independent country,” with “more than 100 years of reser ...
Posted: June 28, 2013, 9:42 am

Yitzhak Tshuva Sells Delek’s European Gas Stations to UK Private Equity Group TDR Capital For €355 Million

Delek Europe is being sold to British private equity fund TDR Capital. Delek Group Ltd. (TASE: DLEKG), controlled by Yitzhak Tshuva, has signed a memorandum of understanding for the sale of Delek Europe BV to British private equity fund TDR Capital LLP ...
Posted: April 17, 2014, 5:58 am
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