Dan Gertler
Overview
- Source of Wealth
- Mining
- Industry
- Metals & Mining
- Residence
- Bnei Brak
- Education
- High School (Diploma)
- Marital Status
- Married
- Children
- 11
Assets
- Katanga Mining0 shares @ --KAT-CA
Biography
Dan Gertler built a fortune through mining ventures in Africa, primarily in the Democratic Republic of Congo.
In February 2017, he sold his stake in two mines in the Congo to commodities giant Glencore for $960 million; Gertler made an estimated $400 million.
In December 2017, the U.S. government placed Gertler on its sanctions list for his alleged corrupt business deals in the Congo. Sanctions have been eased in recent years.
In June 2018, the U.S. levied sanctions against 14 additional companies of his, including Fleurette Africa Resources and Ventora Development Sasu.
A spokesman for Gertler declined to comment on the U.S. government's allegations.
About
Gertler's grandfather, Moshe Schnitzer, cofounded the Israel Diamond Exchange in 1947.
He bought his first mine in the Democratic Republic of Congo in 1997 and soon became friends with DRC President Joseph Kabila.