Billionaire Property Tycoon
Forbes magazine lists him as the 7th wealthiest man in Israel. The well-known business mogul was born in Libya in 1948 but his family re-located to Israel when he was 6 months old. He is the current chairman of El-Ad Group, which is a property development company based in Israel.
The El-Ad Group is a conglomerate with subsidiaries in the Middle East, North America, New York among others. Yitzhak is also the owner of Delek group one of Israel’s largest companies that deals with energy and infrastructure. The company has a number of investments overseas and subsidiaries such as Phoenix holdings and Delek motors.
Investment in real estate and energy development has immensely contributed to Yizhak’s wealth. The self-made billionaire has a net worth of $2.2 Billion.
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