Zadik Bino’s profile picture

Zadik Bino

Zadik Bino’s profile picture
Net worth 2018: $1.19 Billion
Industry: Diversified
Residence: Tel Aviv, Israel
Country: Israel
Children: 3
Education: Diploma, High School
BIOGRAPHY

Zadik Bino was born in Tel Aviv, Israel, Israel. Zadik Bino is #1940 in List Billionaires People In The World. Zadik Bino took advantage of high share prices in Paz Oil Company and FIBI Holdings, the holding company for the First International Bank of Israel, to sell off a chunk of shares in both companies over the course of the past year. An Iraqi immigrant, he moved to Israel and worked his way up the chain at First International Bank of Israel, serving as its CEO from 1978 to 1986. He bought the company two decades later. Now the bulk of his fortune comes from Paz Oil, which became the first Israeli company to vertically integrate the oil supply chain in 2006, when it won the Israeli government's tender for the sale of the Ashdod Oil Refinery. It also runs convenience stores throughout Israel.

NET WORTH STATISTIC
2013

$1.05 Billion

2014

$1.05 Billion

2018

$1.19 Billion

TIMELINE
Zadik Bino (Hebrew: צדיק בינו‎; 1943 - ) is an Israeli businessman of Iraqi Jewish descent. Zadik Bino was CEO of First International Bank of Israel from 1978 to 1986. Two decades later, he bought the bank. In 2006, he was named "Globes Man of the Year" in Tel Aviv, Israel.He owns majority shares in Israeli company, Paz.Bino is married and has three children.He was ranked Israel's 24th richest man in 2006 by Forbes.He has a majority stake in F.I.B.I Holdings Company, which controls the First International Bank. He also owns 51% of fuel company Paz, as well as stakes in Channel 2 licensee Reshet, ad agency Kesher Barel and real estate in Tel Aviv, London and, most recently, India. In 2006 he acquired the Ashdod refineries and completed the acquisition of Bank Otsar Ha-Hayal from Bank Hapoalim.
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