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Sammy OferOwner of shares in Royal Caribbean, the world's second shipping center
Country:
 Israel |
Content:
- Biography of Sammy Ofer
- Early Life and Career
- Business Ventures
- Philanthropy and Art Collection
- Personal Life
Biography of Sammy Ofer
Sammy Ofer, born in 1922, is a renowned businessman and one of the wealthiest individuals in Israel. He is the owner of shares in "Royal Caribbean," the second-largest cruise line company in the world. His net worth is estimated at $3.9 billion USD.
Early Life and Career
Sammy Ofer was born in 1922 and spent most of his time abroad, primarily managing his business empire from Monaco and Monte Carlo. He has properties in Tel Aviv, Monaco, Europe, and Russia. Ofer's main source of income comes from his shipping business, which he built over the years. He owns a vast worldwide shipping center.
Business Ventures
Ofer's business ventures expanded through his involvement with Israeli corporations such as Israel Chemicals, Zim, and Tower Semiconductor. These companies flourished due to the rising prices of oil and chemical products. Ofer also holds shares in Royal Caribbean, the second-largest cruise line company globally. In October, he increased his shares in Hanjin Shipping, a South Korean company, to 12%. Rumors suggest that Ofer's shares in this company are passive.
Philanthropy and Art Collection
Sammy Ofer is also known for his philanthropic efforts. He donated $8 million USD from his foundation to purchase life-saving medications. He possesses one of the world's most prominent collections of Marc Chagall's artwork. In the past, there were rumors that he was the anonymous buyer who spent $13.1 million USD on Willem de Kooning's sailcloth and $8.4 million USD on a bronze statue by Alberto Giacometti.
In February, Ofer donated $20 million USD to the Tel Aviv Museum of Art, after other donors complained about the museum being named after him. He currently holds the 226th spot on the list of the world's richest individuals.
Personal Life
Sammy Ofer, together with his brother Yuli, divided the family business last year, except for joint investments in Mizrahi. Yuli owns the Israeli and Eastern European portion of the investments. Sammy Ofer prefers to spend most of his time abroad and manages his business primarily from Monaco and Monte Carlo.
