Israeli businessman Eitan Wertheimer passes away at 70

Wertheimer dedicated great resources and attention to philanthropic activities, many of which were done out of the spotlight..

Israeli businessman Eitan Wertheimer passes away at 70. (photo credit: COURTESY OF FAMILY)

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Billionaire Industrialist Eitan Wertheimer Dead at 70 after Fight with Cancer

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Businessman and industrialist Eitan Wertheimer, the son of Stef Wertheimer, the founder of Israeli multinational metal cutting tools company ISCAR Metalworking, and the man who ran the family empire until it was sold to Warren Buffett for $6 billion has died at the age of 70.

More than two years ago, a cancerous growth was discovered in Wertheimer’s head. He underwent surgery in Austria but the tumor could not be completely removed. He returned to Israel and his condition deteriorated gradually.

Wertheimer told Calcalist in 2013 about the sale of the family’s company to Buffett: “It was important for us to sell the business before there were family issues. We see what happens in other family businesses, and we didn’t need to wait for problems. … This is the right move for the employees, for our family, and for the company that’s going forward to many good years.”

Eitan Wertheimer was the second child out of four (two sons and two daughters) and grew up in Nahariya, the son of Miriam and Stef Wertheimer, an Oleh from Germany. At the age of five, he started working in a carpentry shop. As a child, he suffered from polio and lost one eye. He served in the IDF in a development unit of the Munitions Corps.

At the age of 24, after completing his IDF service, he tried to integrate as a production worker in his father’s ISCAR factory but soon left with two other workers to establish an independent initiative in the field of machining tools. He spent nine months in the United States where he worked for the Adams semiconductor company.

In 1982 he rejoined his father’s business and ran a recovery program at ISCAR. He took over managing the company after his father had been seriously injured in a car accident. Under his management, the company’s profitability grew more than 20-fold.

As of 2019, the Wertheimer family’s fortune is estimated at $9.5 billion.

As of 2005, Eitan Wertheimer’s assets include:

More than 100,000 square meters of private real estate, scattered throughout Israel, including Beit Bachar in Tel Aviv 5 aircraft 3 yachts – among them the largest and most luxurious owned by an Israeli 2 helicopters A collection of 220 cars, mainly vintage

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Israeli industrialist Eitan Wertheimer passes away at 70

Eitan, the son of iscar founder stef wertheimer, managed the family empire until its sale to warren buffett. he died on monday following a long battle with cancer.

איתן ורטהימר נפטר בגיל 70

eitan wertheimer yacht

Israeli industrialist Eitan Wertheimer dies at 70

Together with his father, stef wertheimer, eitan ran cutting tools company iscar, which was sold to berkshire hathaway for $6 billion..

Israeli industrialist Eitan Wertheimer has died aged 70 after a severe illness. Together with his father, Stef Wertheimer, Eitan Wertheimer ran the IMC (Iscar Metalworking Companies) group, which was sold to Berkshire Hathaway for $6 billion, and for many years he managed Iscar and Blades Technology, which was sold to Pratt & Whitney.

Wertheimer was born and grew up in Nahariya, the son of Miriam and Stef Wertheimer. He studied at the technological high school Bosmat in Haifa and served in a development unit in the IDF Ordnance Corps. He leaves his wife, the artist Ariela Wertheimer, and five children.

In 2006, Wertheimer and his father made one of the largest deals in Israel's business history when they decided to sell 80% of their most significant company, Iscar, to US billionaire investor Warren Buffett's Berkshire Hathaway for $4 billion. The remaining 20% were sold to Berkshire Hathaway in 2013 for $2 billion. The family became one of the wealthiest in Israel following the sale of Iscar, which was founded as a small factory in Nahariya in the 1950s, and became one of the leading companies in the world for metalworking tools.

In 2006, when Berkshire Hathaway bought control of Iscar, Eitan Wertheimer told the press that it had taken ten minutes in a personal call with Warren Buffett to conclude the principles of the deal. "We weren't short of a penny," he said at the time, "but we had reached the maximum we could and wanted to move on to the next stage." Wertheimer predicted at the time that together with Buffett, Iscar could double itself, and indeed, at least in terms of company valuation, it doubled between 2006 and 2013.

Wetheimer said in the same interview, "As part of this entity [Berkshire Hathaway] we can double ourselves. It gives huge international recognition, and means that I won't have to explain to customers, which are major companies, who and what we are and that we'll be around tomorrow as well. There are things that are easier to do together with him."

Stef Wertheimer (93) said of the founding of the company, "I didn't have work, I had small children, and I lived in a hut in Nahariya. There was no industry in Nahariya, and in my work at Rafael they thought that if I wasn't an engineer, I wasn't good enough. I had to do something at home."

Eitan Wertheimer worked for many years in educational ventures designed to bring progress to Arab and haredi (ultra-Orthodox Jewish) society. In 2000, together with then chief of staff Shaul Mofaz, he founded the Atidim ("Futures") program, which works to integrate young people from Israel's geographical and social periphery into higher education in Israel. In 2011, the Technion-Israel Institute of Technology awarded him an honorary doctorate for his philanthropic activity in education.

Published by Globes, Israel business news - en.globes.co.il - on April 4, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

Today’s Machining World

An Interview with Eitan Wertheimer: CEO of ISCAR

Vincent

By Lloyd & Noah Graff

Today’s Machining World Archives September 2007 Volume 03 Issue 09

Lloyd Graff: I read your bio, and there isn’t that much about you personally. Eitan Wertheimer: ISCAR was started in 1951. I was born in ’51. My father wanted to name the company after my name, but my mother told him, “Maybe it won’t be successful, so don’t do it.” So he called it ISCAR, Israel Carbide.

Lloyd: Israel Carbide, ISCAR; the company has been synonymous with Israel for its whole history. You were born four years after Israel was born. The company grew parallel to the state. What does selling out to Warren Buffet in 2006 mean in terms of Israel, or was it purely a business decision on your part? Eitan: It wasn’t selling out. It was a basic idea of becoming part of something bigger, and happily that opportunity opened up. We wanted to secure our customers and our people for yet again another 50 years or more.

Lloyd: What do you gain by being with Berkshire Hathaway? Eitan: We didn’t do it because we needed the money, or because we were unsuccessful. We just wanted to solve problems before we get to that years from now. Maybe I’ll change my mind in 20 years, but we still have 20 years for that.

Lloyd: Does it bother you that Warren Buffett may not be here in a few years? Eitan: We all are asking that question, but I hope that his legacy lives much longer after himself. I wish him all the best, and wish all of Berkshire Hathaway that the future will be as good as the beginning. The main question will be whether the past pattern of 40 years sticks for a longer time because we have a very strong culture in our organization and we like it.

Lloyd: I talked to a person who worked for ISCAR and he talked about going to Tefen (co.headquarters) and meeting with Jacob Harpaz (head of cutting tools). He said with Harpaz, he experienced the most inspiring sessions he ever had in his career. What impressed him was that Harpaz talked about the new product coming out, but then would say, “But after they challenge us on that product, we’ve got this product, and then after they challenge us on that product, we have this product to come in.” Like he was thinking three products down the cycle. I wonder if you could elaborate on that as it applies to the sale of the whole company. Eitan: First of all, I can very objectively say that I think Harpaz’s [department] is one of the best in our company. I’ve seen the results and I have a lot of admiration for Jacob. The other element is that our customers need something better every year. Every year they have to become more competitive, do something faster, more clever, less mistakes, less time, less rejects. We must improve ourselves continuously. Just having a single event of something good is not sufficient in any industry, for sure not in our industry; your magazine must be full of new things. Nobody would advertise inserts from 1964. I haven’t seen anybody lately selling an IBM 286. It would be a very good price, but what the hell do you do with that thing. It wouldn’t work anymore in our world. The new machines, the new materials, the fact that you do net shape and casting better, and the roughing brings different need for other tools, so you must think as a process, not only as single products. We’re trying to be part of the book of industrialization in the metal world, and do it in clever industrial areas. Therefore we look for clever products, for productive, clever customers when looking for the next story. You see the revolution coming in countries not export-oriented; and you see the export-oriented countries, how eager they are to get down the road of efficiency, improvement and higher level of quality. You have to think as a continuous story. You’re not impressive in a single time event.

Lloyd: Which is part of why you sold to Buffett? Eitan: We sold to prepare ourselves for 15 years down the road. But at the same time, we want to sing our song. There’s a song that says, “First, I sang for the song, and then I sang for the money and then I sang for the glory, but now I’m back singing for the song because I like to sing.” So somebody does his thing, it is good; and we want to do our thing. We want to sing our song. That’s all. Our song is customers and people and innovation and technology, and we love that world. To bring Warren Buffett to the world of manufacturing was a lot of fun for me. Usually attention goes to people on Wall Street with the glamour, titles, and newspaper stories, but somebody has to make the machine. Somebody has to make the machine tools for them. Somebody has to make the physical engines and wheels and bolts and nuts.

Lloyd: Did Buffet get it? Eitan: Yeah, I took him to IMTS here in Chicago. I’m going to take him to more shows, because I think it’s time that people respect the people who manufacture things. Listen, making clever machine parts is a good thing. I’m happy to help in that process because I come from that field. I think about people who make parts so people can [drive] a car, or keep their health, or get more home comfort, or wash their clothes, or get their glasses, or allow the newspapers to be at your table. You should not neglect the people that make things. So for us, doing this with Warren Buffett is a nice endorsement that our field is important; not more, not less than anybody else, but for sure not less.

Lloyd: If you were to describe your company –ISCAR– would it be a manufacturing company, a technology company or a marketing company? Eitan: All the above. If you don’t have two legs, hands, eyes and ears to listen, you’re not a full body. You must be a full body. You must manufacture and be a very clever manufacturer. You must use the latest technology, and you must sell your stuff or it’s going to sit in inventory and you won’t be around after awhile. If we sell something we didn’t make, we won’t be successful. If we don’t use technology to make new things, we will not be very interesting, and we want to be interesting.

Lloyd: I saw that you are involved with this Clean Tech initiative in Israel and there was some talk about working with Mr. Agassi on battery-operated cars. Could you tell me something about this? Eitan: Shai Agassi is the man running it and I’m just helping him a bit. It’s his baby, which I think is clever and the right type of baby to get ourselves into – also to be part of clean energy, clean up our environment and be more efficient with our long-term needs.

Lloyd: You have had a long-term interest with antique cars in Tefen. Eitan: I was fascinated by cars as a child, and still am. I used to read every catalog I could get my hands on. In ’76 I visited Detroit for the first time, and near the airport I saw a sign saying how many cars were sold. I was fascinated. Then I visited car factories. For many of us, it goes to our past, and our past is our cars; it’s a perfect combination of technology and aesthetics.

Lloyd: What do you drive? Eitan: I have a Chrysler and a very old pickup. I have two museums of cars. My first car in America when I lived here in the early 80s was a 1970 Pontiac Catalina. I loved that thing.

Lloyd: It was like 90 feet long. Eitan: It was a huge, huge thing. I used to fix it up. Me coming from a small country and having a big American car; I didn’t need any more dreaming after that.

Lloyd: I understand you lived in New Jersey and later went to Harvard Business School. Eitan: Much later. Then I worked for a while with the nephew of Albert Einstein.

Lloyd: So you worked in America and then went back to Israel? Eitan: I worked at ISCAR as a kid, then I went out to do my thing. After coming back from the States, I did a lot of turnaround deals, but all in metal; clever products, clever materials, clever customers.

Lloyd: Are you trained as an engineer? Eitan: I am learning. You can either learn some in school, or learn by doing. Driving, you learn in the streets, not in school, so I had little time in school and a lot of time on the streets. But my main specialty is finding people much better than me. I think I’m very lucky. From the age of three I had two of my father’s Popular Mechanics magazines from World War II. My first technical education was from him and Popular Mechanics.

Lloyd: Do you see radical changes in the cutting tool field? Eitan: It has several forces. It’s materials that we will try to machine and the tools that we will use to machine them – fast or slowly. Then you have the issue of the machines, then the issue of the application. In the past we used to do rough machining and the whole form. Today it’s about the finishing of things – we get away from grinding and try to turn it. A lot of applications I don’t think are really solved yet. It still will take five to 10 more years to really understand how material behaves.

Lloyd: Do you think that the high price of nickel, which affects stainless steel, will push more people towards different kinds of materials? Eitan: It depends. Certain places need certain material strengths and I think you can get some of it through the geometry, the material or a combination. I think a lot of industries are throwing a lot of material away and they want to be able to throw away less. In the aerospace business I see a high “buy to fly” ratio, which has a long way to go.

Lloyd: What do you mean “buy to fly”? Eitan: You buy one pound of material. How many parts of the pound will fly? How much do you buy and how much will really be the end product.

Lloyd: We did a piece a few months ago after IMTS about the X1 Corporation process of printing metal parts using metal layering. This could have a big effect longer term on the cutting tool business and on the materials used. You don’t think so? Eitan: I doubt it, because I think the metal wants to be alloyed, to come together in certain processes. I think the (printing) process is very expensive, but it has a lot of flexibility from a geometrical point of view. For a short series it could work.

Lloyd: Talking about quality, I saw that you recently built a plant in China. Do you worry about losing control over your intellectual property? Eitan: Look, worry is a part of life. I mean a lot of people overcome fears by inventing new fears. I’m not sure it solves anything. The only way we have a chance to be the best in intellectual property is to keep on inventing. We’ll be copied, of course. So we have to live with that phenomenon, but sooner or later more countries will be part of the legal process that honors people’s rights. It’s a process. China is not yet there, but it will be one day. We may win sometimes; we may lose sometimes, but we’re going to keep on developing. We are aware that today it’s easier to be a copier because technology makes life easier. In the past it was much more difficult.

LG: But we also live in a dangerous world. In Israel a year ago bombs were dropping on you. What happened to the factory during the war? Eitan: We sent half the people to Tel Aviv and kept on working. We didn’t miss a single shipment or customer.

NG: But you moved half the people? Eitan: First of all, we have a lot of automation. Second, other people just worked harder and they loved it because they wanted to show what we can be. The other element is that Israel is only one-third of our workforce. Most of the other people are in Korea, Rockford, Dallas, Brazil, China, Japan, Italy, France, and England. Of course, we knew something could happen one day. And I must tell you, in the war we lost two cars. On a normal day, somebody could have an accident and we might lose two cars. But everybody came home healthy. That’s amazing.

Lloyd: Do you look at the Lebanon War as Round One? Eitan: I don’t know. I have no idea. I have no way to judge yes or no. But we do a lot of activity with Israeli Arabs. Our factory is a totally mixed factory. We have Jews, Christian Arabs, Muslim Arabs, Druze. For 50 years we have had wonderful relations. Industry and economy can be twofold peacemaking.

Lloyd: I wrote an article about the three “I’s” of Israel, Ireland, and India – three economies booming amidst political craziness with wars. Eitan: Tension brings creativity. It’s unfortunate what I’m saying, but that’s life. I must say that you’re 100 percent right.

Lloyd: Do you have investments in India? Eitan: We have very big market share in India with a very nice factory in Bangalore growing leaps and bounds. We also have another partnership in Pune.

Lloyd: What has been the best part about your business relationship with your father? Eitan: The main thing – respect. Each one of us is very independent. We had to work together, and we accepted each other’s ways, and it worked fantastically. I’ve seen other places that somebody comes to look over your shoulder too many times – that’s very difficult. The second element is you have to do it early. You don’t start learning a business when you’re 55. You have to start when you’re willing to make mistakes, and you can accept them when you are still young.

Lloyd: Do you think the family model of business can still work? Eitan: I’ve heard 84 percent of the businesses in the U.S. are family businesses. Everybody does it; it must be something not that bad.

Lloyd: Do you have children? Eitan: I have 5 children. You don’t teach your children driving or your wife to drive unless you want to wreck the family, so you have to keep rules. For children, don’t give them too much sugar. You don’t make their life too sweet. Teaching is good but not sugaring around. Sometimes that works. With my father I had a wonderful time, but I see many other guys where it didn’t work.

I told my children, “Do exactly what you want.” I prefer for them to be entrepreneurs, not to be guarding what father or grandfather did. I enjoyed like hell building what I built. I enjoyed doing turnarounds as a young man. Today I’m looking for the next adventure in the industry. I love industry. I love production. I like to work in the factory. I like the people. This is my life. I don’t want to change it. Maybe somebody will say this is very stupid, but this is my life.

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Dear Lloyd,

It was good interview. Perhaps, Eitan does not know the reality of Iscar’s operations in India and that they are constantly loosing market share of their parent brand- Iscar. There is no investment in India for Iscar it’s for the brand they took over afterwards like Taegu-Tec of Korea. Gaining market share from take over brands and loosing market share of parent brand is not healthier sign in any way. I hope he will study the scene in holistic way and act. His competitor Sandvik and Kennametal group are having much larger investments and presence than that of Iscar. Regards, Krishnan

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Rambam Mourns the Loss of Eitan Wertheimer

Rambam Health Care Campus deeply mourns the death of the late Eitan Wertheimer – a partner, true friend, and one of the founding fathers of the hospital’s present-day campus.

Eitan was involved with Rambam for more than two decades, and his tremendous vision, activity, and contributions can be found throughout the campus.

We invite you to watch the video below, showing Rambam’s General Director Professor Michael Halberthal offering a heartfelt tribute to Eitan Wertheimer.

May his memory be for a blessing.

http://https://www.youtube.com/watch?v=9hlXnvU5J8U

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About the Author: American Friends of RAMBAM

The American Friends of the Rambam Medical Center is an organization established to promote and support the Rambam Health Care Campus—a premier medical institution in Israel. Through innovative projects, AFORAM's development arm has a far-reaching impact on the region and the world. We've been instrumental in helping Rambam transform its most ambitious visions into reality. For their part, AFORAM members share the pride and satisfaction of partnering with some of the greatest healers, scientists, innovators and humanitarians in the world.

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Iscar's wertheimer: why we sold rest of company to warren buffett.

Iscar Chairman on Berkshire Buyout

Warren Buffett has always spoken highly about Iscar , the Israeli metalworking company that joined the Berkshire Hathaway family seven years ago after Buffett received a letter from its chairman, Eitan Wertheimer.

This week, Berkshire bought the 20 percent of Iscar it didn't already own for $2 billion.

At this year's Berkshire shareholders meeting in Omaha, CNBC's Becky Quick spoke with Wertheimer about his relationship with Buffett and Berkshire.

Here's the complete interview:

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Businessman and industrialist Ethan Wertheimer has died at the age of 71

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Israeli businessman and industrialist Eitan Wertheimer passed away today (Monday) at the age of 71 from a serious illness. Wertheimer ran the family-owned Iscar and Blade Technology companies, and co-founded IMC Group with his father, Steph Wertheimer, which was sold to Warren Buffett’s Berkshire Hathaway for about $ 6 billion. His family is considered rich in Israel.

Wertheimer promoted and supported equal opportunities for young people from the periphery, and was the initiator of the Atidim program, which was established for the purpose of integrating outstanding young people from Israel’s geographical and social periphery into institutions of higher education. For this program, Wertheimer received an honorary doctorate from the Technion. Wertheimer also established the “South-North” business fund, which was intended to promote the growth of economic activity in the north and south of the country.

Wertheimer left behind a wife and five children. The funeral will take place tomorrow at 12:00 in the Caesarea Cemetery.

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eitan wertheimer yacht

Eitan Wertheimer: Businessman and Industrialist, Owner of Iscar

eitan wertheimer yacht

Eitan Wertheimer is one of the most successful businessmen and industrialists of the 21st century. He is the owner of Iscar, an Israeli-based multinational corporation. Iscar produces cutting tools for machining centres, turning centres, and other types of metalworking machines. Founded in 1952 by Eitan Wertheimer, Iscar has become a leader in its industry, selling its products to over 140 countries worldwide.

I. Background on Eitan Wertheimer

Eitan Wertheimer was born in Tel Aviv, Israel in 1936. He received an education in both business and engineering, and was born into a family with a long history of business and industrial success. After gaining experience in private business and government, Wertheimer founded Iscar in 1952. The company immediately became a success and began expanding worldwide.

II. How Did Eitan Wertheimer Grow Iscar?

How did Eitan Wertheimer achieve such remarkable success? Wertheimer was a visionary leader and knew how to create a company from the ground up. He had a clear vision for his company and refused to be limited by traditional definitions of business. In addition, Wertheimer was a great problem-solver and had the ability to spot gaps in the market.

Wertheimer had a deep understanding of the potential of cutting tools and believed in creating products to meet the specific needs of each customer. He was also an expert negotiator and knew how to get the most out of his relationships with vendors, suppliers, and customers.

III. Investing in Iscar’s Future

Eitan Wertheimer was committed to growing Iscar and ensuring its long-term success. He invested in the company’s research and development, which allowed Iscar to continually stay at the forefront of its industry. He also believed in the power of collaboration, and was willing to forge partnerships with leading players in the cutting tool industry. This gave Iscar access to the latest developments in the field.

In addition, Wertheimer was a generous philanthropist and a patron of the arts. He supported numerous cultural and educational institutions in the Middle East, such as the Maoz Eitan Cultural and Human Rights Centre and the Wertheimer Institute for Jewish Art and Culture.

IV. Warren Buffett’s Investment and Sale of Iscar

Warren Buffett, one of the world’s most successful investors, shocked the business world when he purchased an 80% stake in Iscar in 2006. Under Buffett, Iscar continued its growth and expansion, reaching a value of $5 billion by 2013.

In 2013, Buffett sold his stake in Iscar to Eitan Wertheimer and his brother, the current chairman of Iscar, Stef Wertheimer. This sale marked a significant event in the history of Iscar, as it signified the passing of the torch from Buffett to the Wertheimer brothers.

V. Iscar Today

Today, Iscar is a global powerhouse, with operations in over 140 countries. The company has a wide range of innovative products and is constantly pushing the boundaries of what’s possible in the cutting tool industry. Iscar also has an impressive portfolio of research and development projects, as well as an ongoing commitment to social responsibility and philanthropy.

Eitan Wertheimer, with his vision and leadership, has guided Iscar from a small business to a global leader in cutting tools and technology. He is an example of what can be achieved through ambition and hard work and has helped to create a lasting legacy of Iscar that will continue to benefit the business world for years to come.

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eitan wertheimer yacht

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Warren Buffett: Israel is “Most Promising Investment Hub” Outside of U.S.

by Oren Kessler | 05.02.13 10:04 am

Billionaire investor Warren Buffett on Wednesday announced that his firm Berkshire Hathaway had paid $2 billion for 20 percent of the stocks of Israeli toolmaker Iscar, years after purchasing the initial 80 percent in what at the time was Buffett’s largest buy outside of the United States. The company manufactures precision tools for the automotive, aerospace, and die-and-mold industries.

Buffett committed to keeping the company headquartered in Israel, which he described as the “most promising investment hub” outside the United States. The print edition of Israel’s Hebrew-language Yedioth Ahronoth carried an interview with Buffett:

“Israel is the leading, largest and most promising investment hub outside the United States,’ Buffett said. “[Iscar] will stay in Israel as long as I’m alive. We’re the world’s fifth-biggest investment firm, but for me, the number-one country is Israel, which is far ahead of larger and richer countries.”

The purchase is big news in Israel. Buffett’s photo was splashed across the front pages of Israel’s three highest-circulation newspapers: Israel Hayom , Yedioth Ahronoth , and Maariv . Israel’s leading business paper, Globes, and the country’s English-language daily Jerusalem Post also put the news on their front page.

“I’m not Jewish, but Israel reminds me of the United States after its birth,” Buffett said in his Yedioth interview. “The determination, motivation, intelligence and initiative of its people are remarkable and extraordinary. I’m a big believer in Israel’s economy.”

“I didn’t invest the money in any other country. That’s the strongest vote of confidence I can give you, no?” he added.

Asked what he had to say to Israelis, Buffett replied: “The United States and Israel – an unbreakable alliance.”

Founded in 1952 by German-born Stef Wertheimer, Iscar has 140 subsidiaries in 65 countries. Buffett has called Wertheimer and his son – and current Iscar chairman – Eitan Wertheimer “brilliant strategists and operators.”

“The most important thing from our point of view is that Buffett promised that as long as he lived, and we wish him good health, Iscar will not leave the borders of Israel,” Eitan Wertheimer said Wednesday.

The elder Wertheimer is a philanthropist and activist active in promoting Jewish-Arab co-existence in Israel. He has advocated a “Marshall Plan for the Middle East” to create jobs, alleviate poverty, and encourage regional peace.

Buffett, who rarely travels abroad, visited Israel in 2006 shortly after purchasing Iscar:

[Photo: Oren Kessler / The Tower]

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Elektrostal

Elektrostal Localisation : Country Russia , Oblast Moscow Oblast . Available Information : Geographical coordinates , Population, Area, Altitude, Weather and Hotel . Nearby cities and villages : Noginsk , Pavlovsky Posad and Staraya Kupavna .

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Elektrostal Demography

Information on the people and the population of Elektrostal.

Elektrostal Population157,409 inhabitants
Elektrostal Population Density3,179.3 /km² (8,234.4 /sq mi)

Elektrostal Geography

Geographic Information regarding City of Elektrostal .

Elektrostal Geographical coordinatesLatitude: , Longitude:
55° 48′ 0″ North, 38° 27′ 0″ East
Elektrostal Area4,951 hectares
49.51 km² (19.12 sq mi)
Elektrostal Altitude164 m (538 ft)
Elektrostal ClimateHumid continental climate (Köppen climate classification: Dfb)

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DaySunrise and sunsetTwilightNautical twilightAstronomical twilight
23 June02:41 - 11:28 - 20:1501:40 - 21:1701:00 - 01:00 01:00 - 01:00
24 June02:41 - 11:28 - 20:1501:40 - 21:1601:00 - 01:00 01:00 - 01:00
25 June02:42 - 11:28 - 20:1501:41 - 21:1601:00 - 01:00 01:00 - 01:00
26 June02:42 - 11:29 - 20:1501:41 - 21:1601:00 - 01:00 01:00 - 01:00
27 June02:43 - 11:29 - 20:1501:42 - 21:1601:00 - 01:00 01:00 - 01:00
28 June02:44 - 11:29 - 20:1401:43 - 21:1501:00 - 01:00 01:00 - 01:00
29 June02:44 - 11:29 - 20:1401:44 - 21:1501:00 - 01:00 01:00 - 01:00

Elektrostal Hotel

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Located next to Noginskoye Highway in Electrostal, Apelsin Hotel offers comfortable rooms with free Wi-Fi. Free parking is available. The elegant rooms are air conditioned and feature a flat-screen satellite TV and fridge...
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Located in the green area Yamskiye Woods, 5 km from Elektrostal city centre, this hotel features a sauna and a restaurant. It offers rooms with a kitchen...
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Ekotel Bogorodsk Hotel is located in a picturesque park near Chernogolovsky Pond. It features an indoor swimming pool and a wellness centre. Free Wi-Fi and private parking are provided...
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Surrounded by 420,000 m² of parkland and overlooking Kovershi Lake, this hotel outside Moscow offers spa and fitness facilities, and a private beach area with volleyball court and loungers...
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Surrounded by green parklands, this hotel in the Moscow region features 2 restaurants, a bowling alley with bar, and several spa and fitness facilities. Moscow Ring Road is 17 km away...
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Savvino-storozhevsky monastery and museum.

Savvino-Storozhevsky Monastery and Museum

Zvenigorod's most famous sight is the Savvino-Storozhevsky Monastery, which was founded in 1398 by the monk Savva from the Troitse-Sergieva Lavra, at the invitation and with the support of Prince Yury Dmitrievich of Zvenigorod. Savva was later canonised as St Sabbas (Savva) of Storozhev. The monastery late flourished under the reign of Tsar Alexis, who chose the monastery as his family church and often went on pilgrimage there and made lots of donations to it. Most of the monastery’s buildings date from this time. The monastery is heavily fortified with thick walls and six towers, the most impressive of which is the Krasny Tower which also serves as the eastern entrance. The monastery was closed in 1918 and only reopened in 1995. In 1998 Patriarch Alexius II took part in a service to return the relics of St Sabbas to the monastery. Today the monastery has the status of a stauropegic monastery, which is second in status to a lavra. In addition to being a working monastery, it also holds the Zvenigorod Historical, Architectural and Art Museum.

Belfry and Neighbouring Churches

eitan wertheimer yacht

Located near the main entrance is the monastery's belfry which is perhaps the calling card of the monastery due to its uniqueness. It was built in the 1650s and the St Sergius of Radonezh’s Church was opened on the middle tier in the mid-17th century, although it was originally dedicated to the Trinity. The belfry's 35-tonne Great Bladgovestny Bell fell in 1941 and was only restored and returned in 2003. Attached to the belfry is a large refectory and the Transfiguration Church, both of which were built on the orders of Tsar Alexis in the 1650s.  

eitan wertheimer yacht

To the left of the belfry is another, smaller, refectory which is attached to the Trinity Gate-Church, which was also constructed in the 1650s on the orders of Tsar Alexis who made it his own family church. The church is elaborately decorated with colourful trims and underneath the archway is a beautiful 19th century fresco.

Nativity of Virgin Mary Cathedral

eitan wertheimer yacht

The Nativity of Virgin Mary Cathedral is the oldest building in the monastery and among the oldest buildings in the Moscow Region. It was built between 1404 and 1405 during the lifetime of St Sabbas and using the funds of Prince Yury of Zvenigorod. The white-stone cathedral is a standard four-pillar design with a single golden dome. After the death of St Sabbas he was interred in the cathedral and a new altar dedicated to him was added.

eitan wertheimer yacht

Under the reign of Tsar Alexis the cathedral was decorated with frescoes by Stepan Ryazanets, some of which remain today. Tsar Alexis also presented the cathedral with a five-tier iconostasis, the top row of icons have been preserved.

Tsaritsa's Chambers

eitan wertheimer yacht

The Nativity of Virgin Mary Cathedral is located between the Tsaritsa's Chambers of the left and the Palace of Tsar Alexis on the right. The Tsaritsa's Chambers were built in the mid-17th century for the wife of Tsar Alexey - Tsaritsa Maria Ilinichna Miloskavskaya. The design of the building is influenced by the ancient Russian architectural style. Is prettier than the Tsar's chambers opposite, being red in colour with elaborately decorated window frames and entrance.

eitan wertheimer yacht

At present the Tsaritsa's Chambers houses the Zvenigorod Historical, Architectural and Art Museum. Among its displays is an accurate recreation of the interior of a noble lady's chambers including furniture, decorations and a decorated tiled oven, and an exhibition on the history of Zvenigorod and the monastery.

Palace of Tsar Alexis

eitan wertheimer yacht

The Palace of Tsar Alexis was built in the 1650s and is now one of the best surviving examples of non-religious architecture of that era. It was built especially for Tsar Alexis who often visited the monastery on religious pilgrimages. Its most striking feature is its pretty row of nine chimney spouts which resemble towers.

eitan wertheimer yacht

Location approximately 2km west of the city centre
Website Monastery - http://savvastor.ru Museum - http://zvenmuseum.ru/

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COMMENTS

  1. Billionaire businessman Eitan Wertheimer dies at 70

    One of Israel's wealthiest men, leading industrialist Eitan Wertheimer, died on Monday after a long battle with cancer. He was 70. For nearly four decades, Wertheimer was a leader in Israeli ...

  2. Eitan Wertheimer, One of the Richest Businessmen in Israel ...

    Follow. Apr 4, 2022. Leading Israeli businessman and billionaire Eitan Wertheimer died on Monday after battling cancer. He was 70. Wertheimer had been considered a mainstay of the Israeli corporate scene and was credited with selling his family-controlled business, Iscar, in one of the largest buyouts in the history of Israeli industry.

  3. Israeli businessman Eitan Wertheimer passes away at 70

    Israeli businessman Eitan Wertheimer - one of the pioneers in Israeli industry - passed away at the age of 70 on Monday. He leaves behind his wife, five children, six grandchildren, his father ...

  4. Billionaire Industrialist Eitan Wertheimer Dead at 70 after Fight with

    Billionaire Industrialist Eitan Wertheimer Dead at 70 after Fight with Cancer. By. David Israel - 3 Nisan 5782 - April 4, 2022. 0. Share on Facebook. Tweet on Twitter

  5. Israeli industrialist Eitan Wertheimer passes away at 70

    He died on Monday following a long battle with cancer. Businessman and industrialist Eitan Wertheimer, son of ISCAR founder Stef Wertheimer, who managed the family empire until its sale to Warren Buffett for $6 billion, has died at the age of 70. Wertheimer was diagnosed with a tumor in his head over two years ago.

  6. Israeli industrialist Eitan Wertheimer dies at 70

    Israeli industrialist Eitan Wertheimer has died aged 70 after a severe illness. Together with his father, Stef Wertheimer, Eitan Wertheimer ran the IMC (Iscar Metalworking Companies) group, which was sold to Berkshire Hathaway for $6 billion, and for many years he managed Iscar and Blades Technology, which was sold to Pratt & Whitney.

  7. Israeli billionaire Eitan Wertheimer dies at 70

    Israeli businessman and billionaire Eitan Wertheimer died Sunday at the age of 70 after a long battle with cancer. Follow Israel Hayom on Facebook, Twitter, and Instagram. The industrialist, the son of industrial titan Stef Wertheimer, inherited the family business and served as president of Iscar Metals.

  8. An Interview with Eitan Wertheimer: CEO of ISCAR

    Lloyd Graff: I read your bio, and there isn't that much about you personally. Eitan Wertheimer: ISCAR was started in 1951. I was born in '51. My father wanted to name the company after my name, but my mother told him, "Maybe it won't be successful, so don't do it.". So he called it ISCAR, Israel Carbide.

  9. Rambam Mourns the Loss of Eitan Wertheimer

    Rambam Health Care Campus deeply mourns the death of the late Eitan Wertheimer - a partner, true friend, and one of the founding fathers of the hospital's present-day campus. Eitan was involved with Rambam for more

  10. Eitan Wertheimer

    Billionaire businessman Eitan Wertheimer dies at 70. Nahariya-born entrepreneur became one of Israel's wealthiest men after US tycoon Warren Buffet bought a controlling share in his company ...

  11. In memory of Eitan Wertheimer

    In memory of Israeli industrialist Eitan Wertheimer, who passed away this week:The son of ISCAR founder Stef Wertheimer, Eitan managed the family empire unti...

  12. Eitan Wertheimer

    Eitan Wertheimer has initiated and supported countless educational, cultural and public welfare projects, including many at Reichman University. He is a co-founder and member of the Board of Directors and steering committee of Erez College in Shlomi, a development town in northern Israel. Together with the IDF, the Jewish Agency and Bank Leumi ...

  13. Iscar's Wertheimer: Why We Sold Rest of Company to Warren Buffett

    Iscar Chairman Eitan Wertheimer speaks with CNBC's Becky Quick about Warren Buffett's Berkshire Hathaway's purchase of the 20 percent of Iscar it didn't already own.

  14. Ariela Wertheimer: Spreading Israeli Art to the World

    Stef's son, Eitan Wertheimer, is considered the richest man in. The last name Wertheimer -- for those familiar with Israel -- immediately leads to thinking of the family patriarch, industrialist ...

  15. Businessman and industrialist Ethan Wertheimer has died at the age of

    Israeli businessman and industrialist Eitan Wertheimer passed away today (Monday) at the age of 71 from a serious illness. Wertheimer ran the family-owned Iscar and Blade Technology companies, and co-founded IMC Group with his father, Steph Wertheimer, which was sold to Warren Buffett's Berkshire Hathaway for about $ 6 billion.

  16. Eitan Wertheimer: Businessman and Industrialist, Owner of Iscar

    Eitan Wertheimer is one of the most successful businessmen and industrialists of the 21st century. He is the owner of Iscar, an Israeli-based multinational corporation. Iscar produces cutting tools for machining centres, turning centres, and other types of metalworking machines. Founded in 1952 by Eitan Wertheimer, Iscar has become a leader in ...

  17. Lev Leviev Passes Eitan Wertheimer to Become the Richest Man ...

    Property Baron Is Worth More Than $6 Billion: Wealth of 500 Richest Jumped 25% Last Year

  18. Warren Buffett: Israel is "Most Promising Investment Hub ...

    Buffett has called Wertheimer and his son - and current Iscar chairman - Eitan Wertheimer "brilliant strategists and operators." "The most important thing from our point of view is that Buffett promised that as long as he lived, and we wish him good health, Iscar will not leave the borders of Israel," Eitan Wertheimer said Wednesday.

  19. Eitan Wertheimer

    Eitan Wertheimer. In the 25th year of IDC Herzliya (Reichman University), we sat down with our partners to hear from them how it all began. Each week, we will put up one video of the series here. Eitan Wertheimer is a leading figure in the international business world and a renowned philanthropist. "IDC taught a few important lessons: One was ...

  20. Elektrostal

    In 1938, it was granted town status. [citation needed]Administrative and municipal status. Within the framework of administrative divisions, it is incorporated as Elektrostal City Under Oblast Jurisdiction—an administrative unit with the status equal to that of the districts. As a municipal division, Elektrostal City Under Oblast Jurisdiction is incorporated as Elektrostal Urban Okrug.

  21. Elektrostal, Moscow Oblast, Russia

    Elektrostal Geography. Geographic Information regarding City of Elektrostal. Elektrostal Geographical coordinates. Latitude: 55.8, Longitude: 38.45. 55° 48′ 0″ North, 38° 27′ 0″ East. Elektrostal Area. 4,951 hectares. 49.51 km² (19.12 sq mi) Elektrostal Altitude.

  22. Elektrostal Map

    Elektrostal is a city in Moscow Oblast, Russia, located 58 kilometers east of Moscow. Elektrostal has about 158,000 residents. Mapcarta, the open map.

  23. Savvino-Storozhevsky Monastery and Museum

    Zvenigorod's most famous sight is the Savvino-Storozhevsky Monastery, which was founded in 1398 by the monk Savva from the Troitse-Sergieva Lavra, at the invitation and with the support of Prince Yury Dmitrievich of Zvenigorod. Savva was later canonised as St Sabbas (Savva) of Storozhev. The monastery late flourished under the reign of Tsar ...