#812
Shaul Shani
Overview
- Source of Wealth
- Telecom
- Industry
- Telecom
- Residence
- Milan
Assets
- Ribbon Communications27,877,000 shares @ --RBBN-US
Biography
Shaul Shani is an Israeli investor who sold Brazilian firm Global Village Telecom to Vivendi for $4.5 billion in 2009; his take was $1.4 billion.
He has since increased his fortune via mezzanine lending and investments in emerging economies.
Starting in the 1980s, he cofounded three companies; two of them, Oshap Technologies and Tecnomatix, were acquired for $210 million and $228 million.
In 2014, Shani took control of Israeli communications equipment maker ECI Telecom; he agreed to sell to publicly traded Ribbon Communications in 2019.
In 2021, Shani became chairman of Rashi, one of Israel's largest charities.