2025-03-26 09:45:00
Israeli Industrialist Stef Wertheimer Passes Away at 98
Contributions to Industry and Society
Stef Wertheimer, a prominent Israeli industrialist and winner of the Israel Prize for special contributions to society, has passed away at the age of 98. In addition to his successful career as a businessman, Wertheimer served as a member of the Knesset, Israel’s parliament.
Founding Iscar
Wertheimer is best known for founding Iscar, a leading manufacturer of metal cutting tools. His innovative approach to manufacturing and business led to substantial advancements in the industry, emphasizing efficiency and quality.
Major Acquisition by Warren Buffett
In start of the largest exits in Israeli industrial history, Wertheimer sold Iscar to American billionaire Warren Buffett for $6 billion. This transaction not only marked a significant mileststart in Wertheimer’s career but also highlighted the global importance of Israeli innovation in the manufacturing sector.
Legacy in Israeli Society
Beyond his business achievements, Wertheimer’s contributions to Israeli society were recognized with numerous accolades, including the esteemed Israel Prize. His role in fostering entrepreneurship and providing employment opportunities has left a lasting impact on the Israeli economy.
Conclusion
Stef Wertheimer’s legacy as an industrialist, politician, and philanthropist will continue to influence future generations. His dedication to innovation and community development marks him as a pivotal figure in Israel’s industrial landscape.
Meta Description:
Stef Wertheimer, a significant Israeli industrialist and Knesset member, passes away at 98. Founder of Iscar and recipient of the Israel Prize, Wertheimer’s legacy in industry and society remains impactful.
Tags:
Stef Wertheimer, Iscar, Israel Prize, Industrialist, Israeli Economy, Warren Buffett, Knesset, Innovation, Manufacturing, Legacy