⬅ # 546 Roger Penske|# 548 Rick Caruso ➡

# 547 Stef Wertheimer 

$6.04B

Real Time Net Worth
as of 10/28/2024

# 547 Stef Wertheimer 

$6.04B

Real Time Net Worth
as of 10/28/2024
OccupationFounder and Honorary Chair, Iscar Metalworking
Source of WealthMetalworking Tools
Age98
ResidenceTel Aviv, Israel
Marital StatusMarried
Children4
Age-Adjusted Net Worth$461.65M
Stef Wertheimer
Stef Wertheimer
Israel
Net worth: $6.04B

Self-Made Score 

Omega Men's Seamaster150 Analog Display Swiss Automatic Blue Watch

Wealth History

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Biography

Early Life and Education

Born on July 16, 1926, in Kippenheim, Germany, to a Jewish family.
Fled to Mandatory Palestine in 1937 to escape Nazism.
Studied at Tel-Nordau School in Tel Aviv before dropping out at age 16.
Began working in a camera repair store while studying optics with Professor Emanuel Goldberg.
Joined the British Royal Air Force during World War II as an optical equipment technician.
Served in the Palmach and Haganah, contributing to combat operations and technical development during the 1948 Arab-Israeli War.

Business Ventures

Founded ISCAR in 1952, starting as a small metal shop and expanding into a global leader in industrial-cutting tools.
Established Blades Technology in 1968, specializing in manufacturing jet engine blades.
Sold 80% of ISCAR to Berkshire Hathaway in 2006 for $4 billion and the remaining stake for $2.05 billion in 2013.
Built seven industrial parks in Israel and neighboring countries, emphasizing economic growth and coexistence.
Advocated for a 'Marshall Plan for the Middle East' to utilize industry for peace-building and poverty alleviation.
Collaborated with Nazareth Mayor to establish an industrial park, fostering Arab-Jewish cooperation.

Philanthropy and Peace Efforts

Family spent over $100 million to establish six Arab workplaces around Israel.
Proposed building 100 industrial parks to employ Israelis and Palestinians, extending to Turkey and Jordan.
Testified before the US House of Representatives in 2002 for a new Marshall Plan for the Middle East.
Planned an industrial park in Rafah, Gaza Strip, to promote economic cooperation.
Believes industrial parks can serve as incubators for peace, replacing terrorism and poverty with economic prosperity.
Received the Oslo Business for Peace Award in 2010 for transformative impact through ethical business practices.

Political Engagement

Founding member of the Democratic Movement for Change in 1977, winning a Knesset seat.
Joined Shinui after the party split, focusing on bridging Jewish-Arab gaps in high-tech sector.
Resigned from the Knesset in 1981 to focus on business ventures.
Endorsed political alliances, including Tzipi Livni's Hatnuah list in 2013 and her alliance with Labor in 2015.
Served on the Economics Committee during Knesset tenure, focusing on economic policy and development.
Actively promotes Arab participation in Israel's high-tech sector for inclusivity and economic prosperity.

Honors and Recognition

Received the Israel Prize in 1991 for contributions to society and the nation.
Awarded the Buber-Rosenzweig Medal in 2008 for outstanding achievements.
Received the President's Medal in 2014 for exceptional service and dedication to Israel.

Stef Wertheimer's Wealth is Equivalent to:

4,648,191 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,142,479 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

61,710 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Stef Wertheimer?

If you started with $10,000 and invested an additional $500 each month at a 43.72% CAGR, it would take you 5 years to reach Stef Wertheimer's net worth of $6.04B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 60.38% compared to 22.68% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Stef Wertheimer is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Stef Wertheimer, Metalworking Tools is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

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Edited by: Lee Bailey