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Jacob Engel

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

Jacob Engel
יעקב אנגל
Jacob Engel
Born
Zagreb, Croatia
NationalityIsraeli
Education
  • BSc in Mechanical Engineering
  • Technion – Israel Institute of Technology
OccupationBusinessman
Known forChairman of Engelinvest Group
Children4

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

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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

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

References

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