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Stef Wertheimer
Stef Wertheimer (; 16 July 1926 – 26 March 2025) was an Israeli billionaire industrialist, investor, philanthropist and politician. He was a member of the Knesset, and was known for founding industrial parks in Israel and neighboring countries. In 2013, the Wertheimers were described as Israel's richest family. Background Stef (Ze'ev) Wertheimer was born in Kippenheim, Germany, to a Jewish family. His family fled to Mandatory Palestine in 1937 to escape Nazism. He studied in the Tel-Nordau School in Tel Aviv but dropped out of school at age 16 and started working in a camera repair store. At the same time, he began studying optics with Professor Emanuel Goldberg, a researcher and inventor who contributed significantly to different aspects of imaging technology in the first half of the twentieth century. In 1943, during World War II, Wertheimer enlisted in the British Royal Air Force, serving as an optical equipment technician. He was sent to Bahrain where he repaired optical ...
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Kippenheim
Kippenheim () is a municipality in the district of Ortenau in Baden-Württemberg in Germany. Kippenheim has restored its pre-war synagogue. Notable residents *Stef Wertheimer (born 1926), German-born Israeli entrepreneur, industrialist and politician * Kurt Maier (born 1930), Kippenheimer Holocaust survivor and librarian. * Inge Auerbacher (born 1934), Kippenheimer Holocaust survivor and chemist. Geographical Location Kippenheim is located on the foothills of the Black Forest in the Upper Rhine Plain about 7 km south of Lahr. Demographics Population development: History As documented in the General State Archives in Karlsruhe, Kippenheim, then Chippinheim, was first mentioned in 763. The Celts were probably the first to settle down in Kippenheim. The power of the Celtic tribes was broken by the Germans advancing from the North Sea region and the Roman attacks from the south. Around the year 250 AD, the Alemanni broke through the border wall from the east and occupi ...
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Haganah
Haganah ( , ) was the main Zionist political violence, Zionist paramilitary organization that operated for the Yishuv in the Mandatory Palestine, British Mandate for Palestine. It was founded in 1920 to defend the Yishuv's presence in the region, and was formally disbanded in 1948, when it became the core force integrated into the Israel Defense Forces shortly after the Israeli Declaration of Independence. Formed out of previous existing militias, Haganah's original purpose was to Intercommunal conflict in Mandatory Palestine, defend Jewish settlements against Arab attacks; this was the case during the Jaffa riots, 1921 Jaffa riots, the 1929 Palestine riots, the Jaffa riots (April 1936), 1936 Jaffa riots, and the 1936–1939 Arab revolt in Palestine, among others. The paramilitary was under the control of the Jewish Agency for Israel, Jewish Agency, the official governmental body in charge of Palestine's Jewish community during the British era. Until the end of World War II, H ...
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Berkshire Hathaway
Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate starting in 1965 under the management of chairman and CEO Warren Buffett and vice chairman Charlie Munger (from 1978 to 2023). Greg Abel now oversees most of the company's investments and has been named as Buffett's successor. Buffett personally owns 38.4% of the Class A voting shares of Berkshire Hathaway, representing a 15.1% overall economic interest in the company. The company is often compared to an investment fund; between 1965, when Buffett gained control of the company, and 2023, the company's shareholder returns amounted to a compound annual growth rate (CAGR) of 19.8% compared to a 10.2% CAGR for the S&P 500. However, in the 10 years ending in 2023, Berkshire Hathaway produced a CAGR of 11.8% for shareholders, compared to a 12.0% CAGR for the S&P 500. From 1965 to 20 ...
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Pratt & Whitney
Pratt & Whitney is an American aerospace manufacturer with global service operations. It is a subsidiary of RTX Corporation (formerly Raytheon Technologies). Pratt & Whitney's aircraft engines are widely used in both civil aviation (especially airliners) and military aviation. Its headquarters are in East Hartford, Connecticut.Contact Us
." Pratt & Whitney. Retrieved on January 7, 2011. "Corporate Headquarters Pratt & Whitney 400 Main Street East Hartford, CT 06108."
The company is the world's second largest commercial aircraft engine manufacturer, with a 35% market share . In addition to aircraft engines, Pratt & Whitney manufactures gas turbine engines for industrial use, marine propulsion, and
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Six-Day War
The Six-Day War, also known as the June War, 1967 Arab–Israeli War or Third Arab–Israeli War, was fought between Israel and a coalition of Arab world, Arab states, primarily United Arab Republic, Egypt, Syria, and Jordan from 5 to 10June 1967. Military hostilities broke out amid poor relations between Israel and its Arab neighbors, which had been observing the 1949 Armistice Agreements signed at the end of the 1948 Arab–Israeli War, First Arab–Israeli War. In 1956, regional tensions over the Straits of Tiran (giving access to Eilat, a port on the southeast tip of Israel) escalated in what became known as the Suez Crisis, when Israel invaded Egypt over the Israeli passage through the Suez Canal and Straits of Tiran, Egyptian closure of maritime passageways to Israeli shipping, ultimately resulting in the re-opening of the Straits of Tiran to Israel as well as the deployment of the United Nations Emergency Force (UNEF) along the Borders of Israel#Border with Egypt, Egypt ...
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Ford Motor Company
Ford Motor Company (commonly known as Ford) is an American multinational corporation, multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the List of Ford vehicles, Ford brand, and luxury cars under its Lincoln Motor Company, Lincoln brand. The company is listed on the New York Stock Exchange under the single-letter ticker symbol F and is controlled by the Ford family (Michigan), Ford family. They have minority ownership but a plurality of the voting power. Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines. By 1914, these methods were known around the world as Fordism. Ford's former British subsidiaries Jaguar Cars, Jaguar and Land Rover, acquired in 1989 and 2000, r ...
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General Motors
General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC (marque), GMC, and Cadillac, each a separate division of GM. By total sales, it has continuously been the largest automaker in the United States, and was the List of manufacturers by motor vehicle production, largest in the world for 77 years before losing the top spot to Toyota in 2008. General Motors operates manufacturing plants in eight countries. In addition to its four core brands, GM also holds interests in Chinese brands Baojun and SAIC-GM-Wuling, Wuling via SAIC-GM-Wuling, SAIC-GM-Wuling Automobile. GM further owns GM Defense, a namesake defense vehicles division which produces military vehicles for the United States government and military, the vehicle safety, security, and information ...
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Israel Discount Bank
Israel Discount Bank, Ltd. () is an Israeli banking institution that offers a range of financial services, including retail banking, commercial banking, private banking, and financial services. The bank, headquartered in Tel Aviv, operates 112 branches throughout Israel. Founded on 5 April 1935 in Tel Aviv, Mandatory Palestine, the bank has grown to become a significant player in the Israeli banking industry. It is a public company listed on the Tel Aviv Stock Exchange under the symbol DSCT and is included in the Tel Aviv 35 Index. The bank's product portfolio includes credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, and wealth management. It serves its customers through various channels including physical branches, online banking, and mobile banking. As of 2018, the bank reported revenues of ₪ 9.02 billion, operating income of ₪ 1.5 bill ...
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ISCAR Metalworking
ISCAR Ltd. is an Israeli multinational metal cutting tools company affiliated with one of the world's largest metalworking conglomerates, the IMC Group (International Metalworking Companies). ISCAR and the IMC Group were acquired by Warren Buffett's Berkshire Hathaway in 2006, becoming one of its largest non-insurance companies. History ISCAR was founded in 1952 by Stef Wertheimer, an Israeli metalworker in his backyard. It was originally located in Nahariya. In 1982, it moved to Migdal Tefen (Tefen industrial zone) near Kfar Vradim in the Upper Galilee. Since its inception, ISCAR has expanded from a single-marketing and manufacturing facility to a multinational company with representation in over 50 countries. In 2006, Berkshire Hathaway, chaired by American investor Warren Buffett, purchased ISCAR and the IMC Group, making it the company's first international acquisition outside the United States. In 2008, Buffett called the acquisition of the IMC Group a "dream deal" that ...
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Nahariya
Nahariya () is the northernmost coastal city in Israel. As of , the city had a population of . The city was founded in 1935 by Jewish refugees fleeing Nazi Germany. Etymology Nahariya takes its name from the stream of Ga'aton River, Ga'aton (river is ''nahar'' in Hebrew), which bisects it. History Bronze Age The ruins of a 3,400-year-old Bronze Age citadel were found in the coastal city of Nahariya near the beach on Balfour Street, at a site known to archaeologists as ''Khirbet Kabarsa''. The citadel was an administrative center serving the mariners who sailed along the Mediterranean coast. There is evidence of commercial and cultural relations with Cyprus and the rest of the Mediterranean region. The fortress was destroyed four times by conflagration and rebuilt each time. Byzantine period A church from the Byzantium, Byzantine period, dedicated to St. Lazarus, was excavated in the 1970s. It was destroyed by fire, probably at the time of the Sasanian conquest and occupation o ...
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Israeli New Shekel
The new Israeli shekel (, ; ; currency symbol, sign: Shekel sign, ₪; ISO 4217, ISO code: ILS; unofficial abbreviation: NIS), also known as simply the Israeli shekel (; ), is the currency of Israel and is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip. The new shekel is divided into 100 Israeli agora, agorot. The new shekel has been in use since 1 January 1986, when it replaced the hyperinflation, hyperinflated Old Israeli shekel, old shekel at a ratio of 1000:1. The currency sign for the new shekel is a combination of the first Hebrew letters of the words ''shekel'' () and ''ẖadash'' () (new). When the shekel sign is unavailable the abbreviation ''NIS'' ( and ) is used. History The origin of the name "shekel" () is from the ancient Biblical currency by the same name. An early Biblical reference is Abraham being reported to pay "four hundred shekels of silver" to Ephron the Hittite for the Cave of the Patriarchs in Hebron ...
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Yir'on
Yir'on () is a kibbutz in the Galilee Panhandle in northern Israel. Located adjacent to the Blue Line (Lebanon), Lebanese border, it falls under the jurisdiction of Upper Galilee Regional Council. In it had a population of . History The village was established on 20 May 1949 by former members of the Palmach's Yiftach Brigade and graduates of the ''Habonim Dror, Dror–HeHalutz'' youth movement on the site of the depopulated Palestinians, Palestinian village of Saliha. Ada Feinberg-Sireni, later a member of the Knesset, was amongst the founders. It was one of a series of villages established along the Lebanese border, with the intention of reinforcing the young state's borders. It was named after Iron, a biblical village of the Tribe of Naphtali (), which is commonly identified with Yaroun, a Lebanese village 3 kilometers to the west. During the Gaza war, northern Israeli border communities, including Yir'on, faced targeted attacks by Hezbollah and Palestinian political violence ...
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