Morris Kahn’s profile picture

Morris Kahn

Morris Kahn’s profile picture
Net worth 2018: $1 Billion
Industry: Technology
Residence: Beit Yanay, Israel
Country: Israel
BirthDay: 1930
BIOGRAPHY

Morris Kahn was bornon 1930 in Beit Yanay, Israel, Israel. Morris Kahn is #1975 in List Billionaires People In The World. Morris Kahn made his fortune as an original investor in Amdocs, a customer-relationship management-and-billing software firm for large telecom outfits. He sold nearly $1 billion worth of shares after Amdocs went public in 1998. Kahn now lives on the Israeli coast and spends most of his time on a 100-foot yacht. He is a cofounder of Coral World International, a string of aquariums in locations such as the Bahamas and Australia. His son Benjamin is a marine biologist and president of Coral World. Through his Aurum Ventures, Morris has invested in several emerging life science and tech companies, including Atlantium, which specializes in water disinfection, and N-Trig, which makes a touch screen for computers. He is also an active "venture philanthropist" with investments in digital learning platform Time to Learn and 3D printing company Nano Dimension. He also invests in Israeli youth program SpaceIL, which is designed to get kids interested in space exploration and has announced plans for a trip to the moon in 2017.

NET WORTH STATISTIC
2009

$1 Billion

2010

$1 Billion

2011

$1 Billion

2012

$1 Billion

2013

$1 Billion

2014

$1 Billion

2015

$1 Billion

2016

$1 Billion

2017

$1 Billion

2018

$1 Billion

TIMELINE
Morris Kahn (born March 1930) is a South African-born Israeli billionaire entrepreneur. He is the founder of Golden Pages Israel, Amdocs, the Aurec Group, Coral World and other companies. Through Coral World he founded several marine parks around the world, including the underwater observatory in Eilat, Israel. He is active in philanthropy and venture philanthropy.Morris Kahn was born in March 1930 in Benoni, South Africa, the eldest child of Philip and Beattie Kahn. He was an active member of the Zionist youth group, Habonim. In 1956, Kahn moved from South Africa to Israel with his wife, Jacqueline Maloon, and their two sons, Benjamin and David.Kahn’s business career in Israel began with a few business ventures, including a bicycle factory in Beit Shemesh in partnership with Kibbutz Tzora; and a cattle company in the Northern Galilee. In 1978 Kahn and Shmuel Meitar founded the Aurec Group, an Israeli-based private equity firm which started with investments in the cable and telecom sectors. This led to the installation of a fiber optic cable from Israel to Italy, which connected Israel to the rest of the world.His first major success began with the establishment of the Golden Pages in Israel in 1968, which led to the co-founding of Amdocs in 1982, together with Shmuel and Tzvi Meitar. Amdocs provides customer relationship management and billing software for big telecommunications firms. The company, which is traded on NASDAQ (revenue in fiscal 2015: $3.6 billion) currently serves more than 300 clients in more than 90 countries, and has about 26,000 employees.Aurec also owns Golden Channels, Israel's first cable company, founded in 1989 and Golden Lines, Israel's first international communications company, founded in 1996.In 1997 the Aurec Group acquired 50% of Netcom, the launch of AIG Golden Insurance and Alpha Visa-Card.He is a principal investor in Aurum Ventures and the clean tech water company Atlantium, that uses UV rays to disinfect water, and N-Trig, a manufacturer of multi-touch screens for computers. In 2016 Aurum Ventures invested $3 million in a new method of diagnosing cancer developed by Noklaiks (Nucleix) Israel. Time to Know is a digital education platform which Kahn first launched as a nonprofit organization focused on improving grade school education, but has since developed into a for-profit business which is being tested in schools in New York City and in Israel. Kahn supports the work of “Save a Child’s Heart,” (SACH) an organization that brings Israeli doctors around the world to perform life-saving surgery and medical monitoring for children of all races, religions, nationalities, and economic status. The Morris Kahn Initiative is a $4 million program to help develop pioneering cancer research at Tel Aviv University. The initiative’s aim is to develop 3D cancer modeling of live cancer tumors. “Big Data Maccabi,” founded with contributions from Kahn, will help medical professionals to diagnose illness using the information collected during blood tests, imaging and other diagnostic testing. He supports Serious Fun, a camp for children with terminal illness, and a therapeutic horse-riding camp for the disabled. Kahn founded Zalul in 1999, a non-profit foundation which cleans bodies of water in Israel. Founded by Morris Kahn, SpaceIL is the first to sign a launch agreement for a private moon mission on the SpaceX Falcon 9 Launcher. SpaceIL hopes to land an Israeli spacecraft on the moon later in the year 2017.He started the Youth Leadership Program called LEAD, dedicated to developing the next generation of leaders. Kahn is a supporter of Ben-Gurion University and the National Institute for Biotechnology of the Negev. The Morris Kahn Institute for Human Immunology was funded by Kahn. In conjunction with the Weizman Institute, he founded the Kahn Family Research Center for Systems Biology of the Human Cell. Kahn supports the Morris Kahn and Maccabi Health Data Science Institute, to create a database for the 2.5 million members of the Maccabi Healthcare Services organization.He sponsors an Omo Valley and Jinka, Ethiopia-based project, Jinka Eye Camp, for volunteer Israeli surgeons to perform operations to restore eyesight to people living in rural villages suffering from eye diseases such as cataracts and trachoma.Kahn, a former diver, founded Coral World International, a group of aquariums around the world in Eilat, Israel; Maui, Hawaii; Perth, Australia; St. Thomas, US Virgin Islands; Coral Island Nassau, The Bahamas; Oceanworld in Manly, Australia; and elsewhere. Kahn was named honorary president of the 20th Maccabiah by Maccabi World Union Chairman Yair Hamburger in November 2016, and opened the Games in July, 2017 in Jerusalem. In 2014, he received a Lifetime Achievement Award from Telfed (the South African Zionist Federation, Israel).In October, 2016 Kahn received the Lifetime Achievement award from the Israel-USA Chamber of Commerce for his work promoting economic relations between Israel and the USA, with such business partnerships as Amdocs and AIG-Israel. Bar-Ilan University awarded Kahn an honorary doctorate for his support, bringing state-of-the-art labs and equipment to the university.Former US astronaut Buzz Aldrin tweeted the following congratulatory note to Kahn: “I congratulate my friend Morris Kahn & TeamSpaceIL on inspiring the next generation in Israel to reach for space.” Kahn has two sons, David and Benjamin, a marine biologist, who was a Time Magazine hero for his work on the environment. He was married to his late wife, Jacqueline, until the time of her death in 2011. He lives in Beit Yanai, north of Tel Aviv.21.
(3.5/180 votes)
Related Person
Steve Ballmer’s profile picture
Steve Ballmer
Net Worth is $40.14 Billion
Michael Dell’s profile picture
Michael Dell
Net Worth is $24.39 Billion
Paul Allen’s profile picture
Paul Allen
Net Worth is $21.73 Billion
Azim Premji’s profile picture
Azim Premji
Net Worth is $18.69 Billion
William Ding’s profile picture
William Ding
Net Worth is $17.91 Billion
Zhang Zhidong’s profile picture
Zhang Zhidong
Net Worth is $16.58 Billion