Beny Steinmetz Net Worth

Beny Steinmetz is a diamond tycoon and the owner of BSGR, a mining company with a presence in Africa. Born in Israel, Steinmetz moved to Belgium in 1978 to start a diamond business and later founded the Steinmetz Diamond Group. In 2008, Steinmetz acquired iron ore mining rights from the late Guinean dictator Lansana Conté, which he later sold to Brazilian multinational Vale for $2.5 billion. However, Rio Tinto sued BSGR in New York and Guinea's president Alpha Condé decided to strip BSGR of its interests in the Simandou region. Steinmetz was held under house arrest in Israel in connection to bribery allegations against him related to BSGR's project in Guinea, but was released in January 2017 without being charged.
Beny Steinmetz is a member of Metals & Mining

Age, Biography and Wiki

Birth Year 1956
Birth Place Netanya, Israel, Israel
Age 67 YEARS OLD
Residence Geneva, Switzerland
Occupation Businessman
Known for Diamonds, engineering, real estate
Children 4
Website beny-steinmetz.org

💰 Net worth: $1 Billion (2024)

Beny Steinmetz, a prominent figure in the metals and mining industry in Israel, is projected to have a net worth of $1 billion in 2024. With his extensive involvement in the industry, Steinmetz has gained recognition and success. Throughout his career, he has made strategic investments and acquisitions, contributing to his wealth accumulation. Known for his astute business sense and entrepreneurial acumen, Steinmetz has established himself as a leading figure in the mining sector, further solidifying his financial standing.

2009 $2 Billion
2010 $2 Billion
2011 $6 Billion
2012 $5.9 Billion
2013 $4.1 Billion
2014 $4.1 Billion
2015 $3.5 Billion
2016 $1 Billion
2017 $1.1 Billion
2018 $1.04 Billion

Some Beny Steinmetz images

Biography/Timeline

1997

In 1997, he founded STI Ventures NV, a venture capital firm that invests in start-up companies in Israel. In 1999, he was the owner of Tucows. BSGR and another investment firm, IMR, also control Cunico. A now-defunct company, of which he was a founder and shareholder, Nikanor plc, listed in London, was acquired by Katanga Mining in 2008. With his company called Scorpio, he owns real estate in Kazakhstan, Russia, and Eastern Europe.

2007

In 2007, Steinmetz and his wife Agnes founded the Agnes and Beny Steinmetz Foundation in order to unify their multiple volunteer activities under the auspices of one philanthropic organization. The Foundation is primarily engaged in financing projects in the fields of education, Health care, and culture for young children.

2008

In December 2008, a three-year exploration permit for Simandou Blocks 1 & 2, in the Republic of Guinea, was awarded to BSGR Guinea, after the government of Guinea, under its then President, General Lansana Conté, ordered that it be relinquished by its previous holder, the British-Australian multinational mining company Rio Tinto Group.

2011

As of March 2011, he was the second richest person in Israel, before Sammy Ofer died in June 2011. According to Forbes in June 2014, Steinmetz is the sixth richest Israeli in the world with a net worth of $3.5 billion.

2014

In September 2014 BSGR started an international arbitration proceeding against the Republic of Guinea in the International Centre for Settlement of Investment Disputes, challenging the government's decision to revoke its mining rights.

2015

In November 2015, Rio Tinto's RICO lawsuit against BSGR was dismissed, with U.S. District Judge richard Berman ruling that Rio exceeded the statute of limitations when filing their claim against BSGR in 2014 and that the company failed to identify a pattern of racketeering activity by the defendants.

2016

At the end of 2016, the Foundation held a festive event to celebrate a decade of giving. Attendants included representatives of the many organizations the Foundation had supported over the years by contributing a cumulative amount of tens of millions of shekels.

2017

On 14 August 2017, Steinmetz—along with David Granot, Tal Zilberstein, Doron Levy, and Asher Avidan—was arrested as part of a joint investigation by Israeli and Swiss anti-corruption officials over "allegations of largescale fraud, breach of trust, bribery, obstruction of justice and false registration of corporate documents" with the apparent purpose of money laundering.

2019

The U.S. Justice Department and the FBI have been investigating BSGR's acquisition of the rights to extract half of the iron ore deposits at Simandou, Guinea, due to concerns about corruption and bribery. BSGR denied these allegations and in an interview to the New Yorker, Steinmetz said: “We are the victims. We have done only good things for Guinea, and what we’re getting is spit in the face."