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Beny SteinmetzChairman of Steinmetz Diamond Group
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Biography of Beny Steinmetz
Beny Steinmetz is an Israeli entrepreneur and billionaire, known for being the Chairman of the Steinmetz Diamond Group. The company, which was based in Geneva at the time and is now one of the largest organizations involved in diamond purchasing, has expanded into other industries such as mining and real estate. Steinmetz's personal wealth is estimated to be around $3.5 billion, according to Forbes in 2008.
Born and raised in Israel, Steinmetz served in the army before moving to Belgium in 1978 to join his father's diamond business. After some time, he became the Chairman of the Steinmetz Diamond Group, which has since grown to become one of the leading diamond purchasing organizations. The company now operates in various sectors, including mining and real estate. Steinmetz's mining activities include copper and cobalt mining in Congo and Zambia, iron and clay mining in Guinea, and diamond mining in Sierra Leone.
In addition to his business ventures, Beny Steinmetz and his wife established the Beny & Agnes Steinmetz Foundation, a charitable fund. Their philanthropic activities extend beyond specific areas, as they provide financial support to schools, hospitals, the military, and institutions related to art and science. Recently, the media reported on another charitable act by Steinmetz, as he awarded five hundred scholarships to students at the Academic College of Natania. The scholarship recipients are required to dedicate four hours each week to educating children from underprivileged families in Natania.
Steinmetz has also attracted media attention for his interest in acquiring a major English real estate firm. The company was valued at approximately $1.5 billion, and Steinmetz had already acquired 7.78% of the company for $84 million. Experts have speculated that this purchase is the first step towards a full acquisition of the English company. It is clear that the Israeli billionaire is not limited to diamond mining but actively and efficiently expands his activities into various sectors of human endeavor.