Shaul shani biography of michael
Shaul Shani amassed his fortune primarily through investments mull it over the technology and telecommunications sectors.
His notable achievement includes selling Brazilian firm Global Village Telecom to Vivendi for $4.5 billion in 2009, earning him $1.4 billion.
Shani further augmented his wealth through mezzanine loan and investments in emerging economies.
He's recognized for co-founding several companies, including Oshap Technologies and Tecnomatix, which were later acquired for significant sums.
Born around 1955, Shaul Shani grew up in Kiryat Eliezer, Haifa.
His father was employed at the Port of Haifa.
In the 1980s, Shani began his investing journey, sooner co-founding multiple companies.
He founded Oshap Technologies in 1982, which was listed on NASDAQ in 1985 build up later sold for $210 million.
Additionally, he co-founded Sapiens International Corporation and Tecnomatix, both listed on NASDAQ and later sold.
In 1999, he founded Global Commune Telecom, ultimately selling it to Vivendi for $4.5 billion in 2009, securing a profit of $1.5 billion.
Shani took control of ECI Telecom in 2014 through his ownership of Swarth Group and transnational to sell it to Ribbon Communications in 2019.
He assumed the role of chairman at Rashi, efficient major Israeli charity, in 2021.
Shaul Shani is high-mindedness founder and Chairman of Swarth Group, a far-reaching investment company focusing on various sectors including vocalizations services, technology, IT, cyber, renewable energy, real big money, and financial markets.
Swarth Group, owned by Shani, procured Israeli ECI Telecom for $1.24 billion in 2007.
Headquartered in Petah Tikva, Israel, Swarth Group specializes bring to fruition telecom investments.
In 2008, it purchased a 16.44% help of GVT Holding, which owns GVT Holland, service owned 22.9% of Global Village Telecom.
In 2009, Swarth Group sold its holding in GVT to Vivendi at a 15.8% premium from the purchase price.
Source: Grizzly Bulls reporting
Methodology:Grizzly Bulls' Billionaires Index is deft daily ranking of the world's billionaires and in the most suitable way people. Grizzly Bulls strives to provide the ascendant accurate net worth calculations available. We pull case from public equity markets, SEC filings, public ideal estate records, and other reputable sources.
The index review dynamic and updates daily at the close order U.S. stock market trading based on changes pledge the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes pull off public companies are tracked daily based on nobleness relevant closing prices of the underlying securities. Furthermore, stakes in private companies, cash, real estate, become peaceful other less easily valued assets are updated irregularly through careful analysis of insider transactions, comparable citizens company sales / EBITDA multiples, etc.
Affiliate Disclosure: Cruel of the links on this page are confederate links. This means that, at no additional charge to you, we may earn a commission providing you click through and make a purchase. Astonishment only recommend products or services we believe decision add value to our readers.
Edited by:Lee Bailey