Shaul Shani’s profile picture

Shaul Shani

Shaul Shani’s profile picture
Net worth 2018: $3.35 Billion
Industry: Telecom
Residence: Petah Tikva, Israel
Country: Israel
BirthDay: 1955
BIOGRAPHY

Shaul Shani was bornon 1955 in Petah Tikva, Israel, Israel. Shaul Shani is #686 in List Billionaires People In The World. Israeli investor Shaul Shani made the bulk of his fortune in 2009 when Brazilian firm Global Village Telecom, which he cofounded, was bought by Vivendi for $4.5 billion; he earned $1.4 billion after taxes on the deal. Mezzanine lending and investments in emerging economies have further fattened his fortune. Shani has been starting companies and making deals since the early 1980s. He founded computer design and parts manufacturer Oshap Technologies in 1982 and took it public on the Nasdaq in 1985, then sold it to Sungard Data Systems for $210 million in stock in 1999. He also helped found software firms Sapiens and Tecnomatix, both of which also listed on Nasdaq and were eventually sold. Shani returned to telecom in 2007, buying a 10% stake in Israeli communications equipment maker ECI Telecom along with partner Ashmore Investment. The company struggled, and in January 2014 Shani assumed $200 million in liabilities and acquired Ashmore's 90% stake. ECI has expanded its footprint to North America and announced a partnership with Israeli cybersecurity firm Check Point Software. Industry insiders say that under Shani's ownership ECI, which lost money in 2013, is turning a profit.

NET WORTH STATISTIC
2013

$1.3 Billion

2014

$1.3 Billion

2015

$3 Billion

2016

$3.2 Billion

2017

$3.3 Billion

2018

$3.35 Billion

TIMELINE
Shaul Shani (born c. 1955) is an Israeli billionaire businessman and investor.Shaul Shani was born circa 1955.Shani started investing in the 1980s. He founded Oshap Technologies in 1982. It was listed on the NASDAQ three years later, in 1985. By 1999, he sold it to SunGard for US$210 million. He was also a co-founder of Sapiens International Corporation and Tecnomatix, two companies listed on the NASDAQ which he later sold.He founded Global Village Telecom, a Brazilian telecommunications company, in 1999. Upon selling it to Vivendi for US$4.5 billion in 2009, he made a profit of US$1.5 billion.He is the owner of Swarth Group, which owns 44% of ECI Telecom. He is also a Partner at Magnum Technologies.In May 2015, his net worth was estimated at US$3.0 billion.Shani resides in Petah Tikva, Israel.
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