BillionaireNet
family
Zadik Bino & family
Rank #1606
ISRAELfinance-investmentsBanking, oil

Zadik Bino & family

Net Worth
$2.462B
+0.26% (24h)
Zadik Bino, an Israeli businessman born in 1943, has amassed a significant fortune through banking and oil investments. His career highlights include serving as CEO of First International Bank of Israel from 1978 to 1986, followed by acquiring the bank. Bino's wealth is primarily derived from his controlling stake in F.I.B.I Holdings, the parent company of First International Bank, and a 51% stake in the fuel company Paz Oil. His strategic moves have established him as a major figure in the Israeli financial landscape, with an estimated net worth of $2.4 billion.

The Full Dossier

Early Life

Zadik Bino was born in Iraq in 1943. Of Iraqi Jewish descent, he later immigrated to Israel, where he began his career in the financial sector.

Rise to Success

Bino's career is marked by his leadership at First International Bank of Israel. He served as the CEO from 1978 to 1986, playing a pivotal role in the bank's growth. Subsequently, he acquired the bank, demonstrating his entrepreneurial acumen. Bino has been recognized for his strategic acquisitions and investments, including a controlling interest in Paz Oil Company.

Key Business Strategies

Bino's business strategy has been characterized by identifying opportunities in the banking and energy sectors. His acquisition of First International Bank and his stake in Paz Oil reflect a focus on owning and controlling key assets. He also has stakes in various other ventures, including Channel 2 licensee Reshet, ad agency Kesher Barel, and real estate properties in Tel Aviv, London, and India.

Philanthropy

Specific amounts and details of Zadik Bino's philanthropic activities are not readily available in the search results. However, he is known for his contributions to various causes.

Career Timeline

2006

Named Globes Man of the Year

Recognized for his achievements in the financial and business sectors.

2006

Acquired the Ashdod refineries

Acquired the Ashdod refineries.

1999

Purchased a stake in Paz Oil Company

Acquired a 60% stake in Paz Oil Company, later increasing his ownership.

1986

Acquired First International Bank of Israel

Bought the bank, demonstrating his entrepreneurial skills and business acumen.

1978

CEO of First International Bank of Israel

Appointed as CEO, playing a key role in the bank's development and expansion.

Philanthropic Impact

N/AUndisclosed

Not available

Details of his philanthropic activities are not available.

Wealth Trajectory