Stef Wertheimer

Place

• Now
  27th
• Last week
  26th
• Two weeks ago
  26th
• Three weeks ago
  28th

Stef Wertheimer is a prominent Israeli billionaire, renowned for his significant contributions to industry and education in Israel. Born on July 16, 1926, in Kippenheim, Germany, Wertheimer and his family fled Nazi persecution and immigrated to Mandatory Palestine in 1937. His early experiences profoundly shaped his dedication to fostering economic development and peace through industrial growth.

Wertheimer's career began humbly as a machinist. In 1952, he founded Iscar, a small metal-cutting tool company, in his backyard. Under his visionary leadership, Iscar grew into one of the world’s leading manufacturers of precision carbide cutting tools. The company’s success culminated in 2006 when Warren Buffett’s Berkshire Hathaway acquired an 80% stake in Iscar for $4 billion, marking Buffett’s first major international investment.

Beyond his industrial achievements, Wertheimer is a passionate advocate for education and economic development as a means to promote peace. He established several industrial parks in Israel, including Tefen Industrial Park in the Galilee region. These parks not only provide jobs but also integrate educational and cultural facilities, reflecting Wertheimer’s belief in the synergy between industry, education, and community development.

Wertheimer's commitment to education is evident in his founding of the Nitzana Educational Community in the Negev Desert, which focuses on training youth and new immigrants in technical and agricultural skills. His efforts have earned him numerous accolades, including the Israel Prize for lifetime achievement and special contribution to society and the state in 1991.

Stef Wertheimer's philosophy of leveraging industrial development for social progress extends to his vision for regional peace. He advocates for creating similar industrial parks in neighboring countries to foster economic cooperation and stability.

Stef Wertheimer's journey from a refugee to a billionaire industrialist and philanthropist epitomizes resilience, innovation, and a profound commitment to societal betterment. His legacy in the industrial sector, coupled with his philanthropic initiatives, has had a lasting impact on Israel’s economy and regional peace efforts.

Share

Your involvement