Jacob Engel

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For the German footballer, see Jacob Engel (footballer).

Jacob Engel (Hebrew: יעקב אנגל) is an Israeli billionaire primarily involved in the real estate, infrastructure, technology, and mining fields; chairman of Engelinvest Group. [1] [2] [3]

Biography[edit]

Engel was born in Zagreb, Croatia. At the age of two, he immigrated to Israel with his family. They initially lived in Ma'abara at Kfar Hasidim [1] and moved to Krayot near Haifa. [4] He earned a BSc in Mechanical Engineering from the Technion – Israel Institute of Technology. His first business venture was Dalton, a company that developed security doors and Intercom; after a few years, he sold the company, [3] and Engel became a property developer. During the 1990s post-Soviet aliyah, he built tens of thousands of apartments for the new immigrants [5] in billions of shekels. [6][7][8] In 1991, he listed his company on the Tel Aviv Stock Exchange under the name Lagna Resources; in 1997, it was registered at the Nasdaq, New York. [3] in 2005, it was registered as an IPO at the London AIM Stock market. [9] His next initiative was property development in Eastern Europe; he constructed and sold tens of thousands of residential units in Bulgaria, the Czech Republic, Hungary, Poland, Romania, and Serbia. [5] In 2007, he sold the Lagna company to Azorim for NIS 430 million. [10] [11]

In 2007, Engel founded the Engelinvest group focused on real estate opportunities and investments and began investing in real estate in the United Kingdom with Hezi Hermoni, creating a portfolio valued in hundreds of millions of pounds [12] and also established Engelinvest Renewal, which develops residential projects mainly in central Israel. The company has a portfolio of projects with thousands of residential units. In 2021 and 2022, it was joined by Bank Leumi [13] and Shamrock Holdings. [14] in 2007, Engel founded Elenilto Group, which is involved in the mining sector. 2008, the company acquired 75 percent of Tanzania’s copper mines and 72 of its gold and copper mine franchises. [15] The company also had chromium, copper, iron, gold, and zinc mining licenses for over 9,000 square kilometers in Albania, Congo, Ghana, Ethiopia, Israel, Liberia, and Tanzania. [16] It operated gravel and sand quarries in Eastern Europe and the south and center of Israel. [15] In 2010, Elenilto won one of the world’s most significant iron ore mining tenders in Liberia. [17] [16] In 2011, the company sold it. [18] In 2015, Engel established Tenlot, a company that acts as a technology platform for gaming and lottery activity. It has government licenses and operates in Latin America and Africa. [19] In 2020, White Sands Industries, a subsidiary of Elenilto Group, won an Israel Land Authority tender to operate the Hanaton quarry for 20 years, it will pay $570 Million. [20] Engel, the leading investor in Atooro Fund, invests in technology and start-up companies. [21]

Personal Life[edit]

Jacob Engel is married, is a father to four children, and lives in Ramat HaSharon. [1]

References[edit]

  1. ^ a b c Ido Efrati (February 5, 2010). Jacob Engel´s golden touch. Maariv. (the original in Hebrew)
  2. ^ Shlomit Lan, Hadas Magen (September 17, 2015). The 30's Israel's secrets tycoons. Globes.
  3. ^ a b c Hadas Magen (July 11, 2014). Eastern Europe is on its way up. Globes.
  4. ^ Avi Shauli (September 21, 2009). Jacob Engel: "The most important thing is to know when is the right time to exit". Globes.
  5. ^ a b Hezi Sternlicht (January 2, 2019). On his way to the iGaming Mecca: Jacob Engel wants to make a gaming IPO worth half a billion dollars. Calcalist.
  6. ^ Shai Shalev (July 10, 2005). Angel Investment will sell a quarter of its housing cluster in 27 million shekels profit. Globes.
  7. ^ (March 3, 1997). Jacob Engel and Kibutz Osha will build 750 million shekels. Globes.
  8. ^ Zvika Paz (December 29, 2002). Angel Construction: The re-organization is moneymaking. Globes.
  9. ^ Nathan Sheva (December 15, 2005). Engel East Europe - Top Israeli Offering in London This Year. Haaretz.
  10. ^ Nathan Sheva (November 30, 2006). Jacob Engel Making $100 Million on Lagna Sale. Haaretz.
  11. ^ Hagai Amit (March 28, 2007). Farewell from Lagna. Haaretz.
  12. ^ Aviv Levi (March 5, 2019). Hezi Hermoni and Shamrock are doing business again: acquires with Jacob Engel a London building in 150 million shekels. Globes.
  13. ^ Golan Hazani (July 14, 2021). Leumi joins urban renewal with Jacob Engel. Calcalist.
  14. ^ Golan Hazani (December 18, 2022). Shamrock enters urban renewal: acquires 12% of Engelinvest for 70 million shekels. Calcalist.
  15. ^ a b Ariel Rosenberg (February 22, 2009). Jacob Engel´s Engelinvest expands in the mining business: purchased 72 gold and mineral prospecting licenses in Tanzania. Globes.
  16. ^ a b Oriel Herman (January 28, 2010). Jacob Engel's Elenilto wins multi-billion dollar Liberia mining tender. Globes. Ariel Rosenberg
  17. ^ (January 31, 2010). Israeli businessman wins Liberia mining tender. Ynet.
  18. ^ Tali Zipori (August 10, 2011). Engel exits: sells part of Liberian iron mining franchise. Globes.
  19. ^ (September 12, 2019). Jacob Engel plans to issue gambling activities worth half a billion USD. The Jerusalem Post.
  20. ^ Dror Marmor (May 14, 2020). Jacob Engel to Pay $570 Million for Right to Mine Hanaton Quarry. Calcalist.
  21. ^ Golan Hazani (March 14, 2016). Jacob Engel will invest 100 million shekels in Israeli start-ups. Calcalist.
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