Idan Ofer

Idan and his older brother Eyal inherited a fortune from their father, shipping magnate and formerly Israel's richest man, Sammy Ofer, who died in June 2011. He is the principal of Quantum Pacific Group, which holds the Ofer stake in Israel Corporation, the largest public holding company on the Tel Aviv Stock Exchange; and Pacific Drilling SA, which went public on the NYSE last year. He is also chairman of Better Place, the Silicon Valley electric car infrastructure startup. He shares his father's shipping empire and vast art collection, said to be one of the most magnificent in the world, with Eyal. The brothers inherited the fortune of their father, shipping magnate and formerly Israel's richest man, Sammy Ofer, after he passed away last year. The brothers' fortunes were equal upon their father's passing, and their spokesmen claim that their fortunes are still virtually equal. While we can accurately confirm Idan's public stakes in Israel Corp and Pacific Drilling, we apply more conservative valuations to Eyal's less transparent private holdings. In May 2011, The Ofer Brothers Group along with Singapore-based Tanker Pacific, an, affiliate, were sanctioned by the US State Department for their involvement in the sale of an oil tanker to Iran. In September, the State Department clarified that the sanctions applied to three entities affiliated with the Ofer brothers, but not to the group itself, which has been disbanded.