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# 168 Idan Ofer $11.5B

Random fact: Israel Corp. split in two in early 2015 and Kenon Holdings listed on NYSE.


Ofer is the principal owner of Quantum Pacific Group, an industrial conglomerate that controls Quantum Pacific Shipping. His other holdings include about half each of Israel Corp. and Kenon Holdings which has investments in energy, automobiles and a stake in containership carrier, Zim Integrated Shipping.

As of :
Last change -$23.0M ( -0.2%)
YTD change -$52.8M ( -0.5%)
Biggest asset Quantum Pacific Shipping
Country / Region Israel
Age 67
Industry Energy
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Idan Ofer's net worth of $11.5B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Ofer's fortune is derived from the global shipping business his father founded in the late 1960s. At the time of his father's death in June 2011, the family's assets had been evenly divided between Ofer and his brother, Eyal. Idan Ofer's wealth is concentrated in energy services and shipping.

Ofer controls Singapore-based Quantum Pacific Shipping, which has a diversified fleet of more than 200 vessels. The market value of the ships is based on data from online ship valuation service,, based on transactions and new build prices as of May 2022. The figure includes the live fleet and new build vessels currently under construction. Leverage is included at 50% of the fleet's total value, based on guidance from a person familiar with the business. The billionaire's net worth rose by $4.7 billion on May 31, 2022 due to an increase in the value of his ships.

He controls 47% of Tel Aviv-based Israel Corp., which he holds directly and through various holding companies according to the company's website. Israel Corp. spun off its shipping, energy and autos businesses into a Singapore-based company, Kenon Holdings in January 2015. The billionaire owns 60% of Kenon, according to the 2021 annual report.

He owns half of XT Group, an Israeli holding company that has investments in shipping, aviation and technology. The shipping fleet is valued using data from, and includes live and new-build vessels.

Idan acquired a 32% stake in Atletico Madrid soccer club in two transactions in November 2017 and February 2018. His stake is valued based on the company's reported 2021 financials and the average enterprise value-to-sales ratio of three publicly traded soccer clubs: Manchester United, Ajax and Borussia Dortmund.


Family: Married, 5 children

Idan Ofer was born in Haifa on Oct. 2, 1955, the younger of two sons born to Sammy and Aviva Ofer. His father, a Romanian immigrant, founded a shipping company with his brother in the 1950s after serving in the Israeli Navy. By the 1970s, Sammy branched out on his own in Europe and established a shipping company that grew over the years into an international business which later became known as the Sammy Ofer Group Monaco.

After graduating from the University of Haifa with a degree in economics and shipping, Idan enrolled at the London Business School. Upon joining the family business, he became involved in the group's shipping operation and helped expand the business into other industries. In the early 1980s, he moved to Hong Kong and spent the next 15 years living there, in Singapore and in the U.S., working in international shipping and oilfield services.

The family acquired control of Israel Corp. in 1999, a conglomerate that owned a stake in Israel's largest fertilizer manufacturer, Israel Chemicals. Idan, who was living in New York at the time, was appointed chairman, a position he held for 11 years. He oversaw the company's 2004 acquisition of a controlling stake in carrier Zim from the Israeli government for $115 million. The company purchased a controlling interest in state-owned Oil Refineries for $706 million in 2007.

In November 2007, he unveiled a new project, Better Place, an electric-car services company that builds and maintains battery stations and other infrastructure support for the vehicles. Better Place filed for bankruptcy protection in May 2013, due to cost overruns. The billionaire is also involved in other businesses, including Pacific Drilling, an ultra-deepwater drilling company listed on the New York Stock Exchange and Qoros, a China-based auto manufacturer that is a joint venture with Chery Automobile.

In 2014, Ofer created a new unit, Kenon Holdings, to house all of Israel Corp's businesses outside Israel Chemicals and its oil refining unit. He listed shares of Singapore-based Kenon, whose assets include Qoros and ZIM Integrated Shipping Services, on the New York Stock Exchange in January 2015.

Ofer is married with five children and is a resident of the UK.

  • 1922 Sammy Ofer is born; starts shipping business with brother in 1950.
  • 1955 Idan Ofer is born in Haifa.
  • 1980 He moves to Hong Kong, where he spends the next 12 years.
  • 1998 Becomes chairman of conglomerate, Israel Corp.
  • 2007 Helps start electric car services company, Better Place.
  • 2011 Sammy Ofer dies in Tel Aviv at the age of 89.
  • 2011 Pacific Drilling is listed on the New York Stock Exchange.
  • 2011 Israel Corp. introduces new car brand, Qoros, to be made in China.