Have you ever wondered about the net worth of successful entrepreneurs? Do you know the name Tzion Kedem, the man behind the successful Israeli-based company, Ormat Technologies Inc.? Today, we will unveil the net worth of this renowned entrepreneur and take a closer look at his journey towards success.
Early Life and Career
Born in Haifa, Israel, in 1948, Tzion Kedem studied electrical engineering at the Technion Institute of Technology in Israel. After graduation, he joined Ormat Industries, which focused on developing renewable energy solutions. Kedem worked his way up the ladder and became the CEO of the company in 1991.
Starting Ormat Technologies
Kedem revitalized Ormat Industries and made it a leading company in the renewable energy sector, focusing on geothermal energy. He then founded Ormat Technologies in 2004, which expanded globally by developing geothermal power plants and providing energy solutions all over the world. The success of Ormat Technologies skyrocketed under Kedem’s leadership in a short span of time.
Net Worth and Investments
As per Forbes, Tzion Kedem’s net worth as of August 2021 is $1.5 billion. He owns 14.2% of Ormat Technologies’ shares, and the company has a market cap of $5.7 billion. Kedem has made significant investments in the company and owns 3.89% of FTI Consulting, a leading global business advisory firm.
Greater Contributions Towards Society
Kedem’s contributions towards society go beyond profit-making. He has made significant investments in renewable energy research and development, which has an enormous positive impact on the environment. Kedem also supports numerous social causes, which includes a $4 million donation to Technion- Israel Institute of Technology.
1. What is Tzion Kedem worth?
Tzion Kedem’s net worth is $1.5 billion, according to Forbes.
2. How did he make his fortune?
Kedem founded Ormat Technologies, which is a leading company in the renewable energy sector.
3. What percentage of Ormat Technologies does he own?
Tzion Kedem owns 14.2% of Ormat Technologies’ shares.
4. Does Kedem make contributions towards society?
Yes, Kedem has made significant investments in renewable energy research and development and has donated $4 million to Technion- Israel Institute of Technology.
5. What is the market cap of Ormat Technologies?
As of August 2021, Ormat Technologies has a market cap of $5.7 billion.
6. What other companies does Tzion Kedem own?
Kedem owns 3.89% of FTI Consulting, a leading global business advisory firm.
7. Where did Kedem study?
Tzion Kedem studied electrical engineering at the Technion Institute of Technology in Israel.
Tzion Kedem’s journey towards success as an entrepreneur is an inspiration. From an electrical engineering graduate to the founder and CEO of a leading global company in the renewable energy sector, Kedem’s contributions to society go beyond financial gain. His investments in social causes and renewable energy research and development has significantly helped the environment and society. Kedem is a true role model for aspiring entrepreneurs.