Zadik Bino

About Zadik Bino

Birth Place: Tel Aviv, Israel, Israel

Zadik Bino Net Worth

Zadik Bino was born in Tel Aviv, Israel, Israel. Zadik Bino took advantage of high share prices in Paz Oil Company and FIBI Holdings, the holding company for the First International Bank of Israel, to sell off a chunk of shares in both companies over the course of the past year. An Iraqi immigrant, he moved to Israel and worked his way up the chain at First International Bank of Israel, serving as its CEO from 1978 to 1986. He bought the company two decades later. Now the bulk of his fortune comes from Paz Oil, which became the first Israeli company to vertically integrate the oil supply chain in 2006, when it won the Israeli government's tender for the sale of the Ashdod Oil Refinery. It also runs convenience stores throughout Israel.
Zadik Bino is a member of Diversified

💰 Net worth: $1.14 Billion (Updated at 22 June 2018)

2013 $1.05 Billion
2014 $1.05 Billion
2018 $1.19 Billion

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Biography/Timeline

1978

Bino was CEO of First International Bank of Israel from 1978 to 1986. Two decades later, he bought the bank. In 2006, he was named "Globes Man of the Year" in Tel Aviv, Israel.He owns majority shares in Israeli company, Paz.

2006

He has a majority stake in F.I.B.I Holdings Company, which controls the First International Bank. He also owns 51% of fuel company Paz, as well as stakes in Channel 2 licensee Reshet, ad agency Kesher Barel, and real estate in Tel Aviv, London and, most recently, India. In 2006 he acquired the Ashdod refineries and completed the acquisition of Bank Otsar Ha-Hayal from Bank Hapoalim.