Idan Ofer’s profile picture

Idan Ofer

Idan Ofer’s profile picture
Net worth 2018: $3.29 Billion
Industry: Diversified
Residence: London, United Kingdom
Country: Israel
BirthDay: 5 May 1955
Sigh: Gemini
Children: 5
BIOGRAPHY

Idan Ofer was bornon 5 May 1955 in London, United Kingdom, Israel. Idan Ofer is #628 in List Billionaires People In The World. Idan Ofer is one of two sons of shipping magnate Sammy Ofer, who died in 2011 and was once Israel's richest man. Planning for the wealth transfer to Idan and his brother Eyal began years before their father's death, but it culminated in early 2014 with the legal separation of the two brothers' shipping empires. Idan owns Quantum Pacific Group, which has a fleet of more than 150 bulk, container and crude vessels. He also owns a controlling stake in publicly-traded chemicals, energy and shipping conglomerate Israel Corporation. In early 2015, Israel Corp. spun off its power, transportation and shipping units into a listed firm called Kenon Holdings, of which Idan owns roughly half. He took his offshore deepwater drilling company Pacific Drilling public in 2012. Idan and Eyal split their father's art holdings, a rare collection rumored to include pieces by Van Gogh and Picasso. Idan Ofer gave $42 million to The London Business School in 2013; buildings there will be named after his late father.

NET WORTH STATISTIC
2012

$6.2 Billion

2013

$6.5 Billion

2014

$5.7 Billion

2015

$4.8 Billion

2016

$3.7 Billion

2017

$3.1 Billion

2018

$3.29 Billion

TIMELINE
2016

The new building is expected to be dedicated in 2016

2014

In 2014, he established Kenon Holdings as a spin off from the Israel Corporation

2012

It will be located in the Old Marylebone Town Hall, a historic building leased by the university since 2012 undergoing redevelopment as classrooms and lecture halls for students and academics at LBS

2011

"Shortly after his father's death in 2011, he inherited half his father's fortune

1999

He served as the Chairman of the Israel Corporation from 1999 to 2010, and as a member of its Board of Directors from 1999 to 2013

1989

In 1989, he was the founder of the Tanker Pacific, now the largest privately owned tanking fleet globally

1980

He started his career by expanding the family shipping business in Hong Kong in the 1980s

1955

Idan Ofer was born in 1955

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