Beny Steinmetz’s profile picture

Beny Steinmetz

Beny Steinmetz’s profile picture
Net worth 2018: $1.04 Billion
Industry: Metals & Mining
Residence: Netanya, Israel
Country: Israel
BirthDay: 1956
Children: 4
BIOGRAPHY

Beny Steinmetz was bornon 1956 in Netanya, Israel, Israel. Diamond tycoon Beny Steinmetz is the owner of BSGR, an embattled mining company with a heavy presence in Africa. Born and raised in Israel, Steinmetz moved to Belgium in 1978 to start a diamond business and later founded what would become the Steinmetz Diamond Group with his brother. Steinmetz's iron ore mining efforts in Guinea beginning in 2008 have erupted into a political and legal battlefield. Steinmetz's BSGR acquired iron ore mining rights from the late Guinean dictator Lansana Conté for free, after Conté stripped the rights from Australian mining giant Rio Tinto. In 2010, Steinmetz sold 51% of the mining rights to Brazilian multinational Vale for $2.5 billion, but as of February 2016 he had only collected $500 million. Rio Tinto sued BSGR in New York but the case was thrown out in November 2015. Guinea's first democratically elected president, Alpha Condé, decided in April 2014 to strip BSGR of its interests in the Simandou region after an inquiry determined they were illegally obtained and is the in process of auctioning them off. BSGR is asking an international tribunal to halt the proceedings and return its claim to the rights. Steinmetz was held under house arrest in Israel in connection to bribery allegations against him related to BSGR's project in Guinea. He was not charged and was released in January 2017; BSGR described the allegations as "baseless."

NET WORTH STATISTIC
2009

$2 Billion

2010

$2 Billion

2011

$6 Billion

2012

$5.9 Billion

2013

$4.1 Billion

2014

$4.1 Billion

2015

$3.5 Billion

2016

$1 Billion

2017

$1.1 Billion

2018

$1.04 Billion

TIMELINE
2017

In April 2017, BSGR filed a suit against American billionaire George Soros in U

2016

At the end of 2016, the Foundation held a festive event to celebrate a decade of giving

2015

In November 2015, Rio Tinto's RICO lawsuit against BSGR was dismissed, with U

2014

According to Forbes in June 2014, Steinmetz is the sixth richest Israeli in the world with a net worth of $3

2011

As of March 2011, he was the second richest person in Israel, before Sammy Ofer died in June 2011

2008

A now-defunct company, of which he was a founder and shareholder, Nikanor plc, listed in London, was acquired by Katanga Mining in 2008

2007

In 2007, Beny Steinmetz and his wife Agnes founded the Agnes and Beny Steinmetz Foundation in order to unify their multiple volunteer activities under the auspices of one philanthropic organization

1997

In 1997, he founded STI Ventures NV, a venture capital firm that invests in start-up companies in Israel

1956

Beny Steinmetz was born in Netanya, Israel in April 1956, the fourth child of Rubin Steinmetz

(3.1/157 votes)
Related Person
Jose Maria Aristrain’s profile picture
Jose Maria Aristrain
Net Worth is $1.19 Billion
Robert Friedland’s profile picture
Robert Friedland
Net Worth is $1.19 Billion
Brij Bhushan Singal’s profile picture
Brij Bhushan Singal
Net Worth is $1.15 Billion
Anatoly Sedykh’s profile picture
Anatoly Sedykh
Net Worth is $1.1 Billion
Frank (Vasile) Timis’s profile picture
Frank (Vasile) Timis
Net Worth is $1.1 Billion
Jose Mendes Nogueira & family’s profile picture
Jose Mendes Nogueira & family
Net Worth is $1.1 Billion