Yitzhak Tshuva Net Worth

What is Yitzhak Tshuva's Net Worth?

Yitzhak Tshuva is an Israeli business magnate who has a net worth of $3.4 billion. Yitzhak Tshuva is the chairman of El-Ad Group, a property company with buildings mostly in America and Canada. In July 2012, he sold his 60% stake in the crown jewel, Manhattan's Plaza Hotel, and nearby retail space for $675 million. In addition to the Israel-based real estate development conglomerate, Tshuva owns Delek Group, which is an energy conglomerate again located in Israel. Tshuva's fairy-tale life story began in Netanya in a single room where his poor family of 11 lived briefly.

However, things have turned for the better once Tshuva became a contractor and later earned a tidy fortune in the construction boom that coincided with the influx of Soviet Jews to Israel during the 1980s and early 90's. But it was in 1998 when his life changed for good, having orchestrated a hostile takeover of Delek, Israel's second-largest oil and gas company and. Being once poor, Tshuva set up a fund at Delek, through which he provides scholarships for 400 Israeli university students each year. As of March 2013, Tshuva is the 8th richest man in Israel. He is married with five children.