Nochi Dankner: Nochi Dankner Net Worth, Biography, Age, Spouse, Children & More

About Nochi Dankner

Nochi Dankner","a prominent Israeli businessman and former board member of the Jewish Agency for Israel","has had a significant impact on the country","s economic landscape. Born in Tel Aviv on November 13, 1954, Dankner\"s career spanned various sectors, including founding the Ganden Group and serving as the controlling shareholder of the IDB Group. His ventures into aviation and tourism through Ganden Tourism and controversial dealings in the banking sector underscore his diverse business interests. However, Dankner\"s career faced a major setback when he was convicted of securities fraud in 2017, leading to a three-year prison sentence following a Supreme Court appeal. Despite his early release in February 2020, Dankner\"s legacy is marred by his legal troubles, highlighting the complexities of business ethics and legal compliance in the finance industry.

Born

November 13, 1954

Age

71 years

Source Of Wealth

Diversified

Industries

Diversified

Citizenship

Israel

Nochi Dankner was born on November 13",1954,"in Tel Aviv","Israel. His parents were Zahava and Yitzhak Dankner. He served in the Israel Air Force and completed the IDF","s officer training course. Dankner then went on to study political science and law at Tel Aviv University. After graduating, he worked as a trainee lawyer at the Yigal Arnon & Co law firm before establishing the Dankner-Lusky law firm with advocate Moshe Lusky.

Nochi Dankner: Family

Nochi Dankner is married to Orna Dankner, and they have three children together. His brother, Danny Dankner, is also a businessman and was the former CEO of IDB Development Corporation.

Nochi Dankner: Career Highlights

Dankner founded Ganden Tourism and Aviation in 1996, which operated as a holding company in the aviation and tourism sectors. He acquired control of several airlines, including Open Skies, 3rd Millennium, Natour, Unitel, and IsraAir. In 2003, Dankner, along with the Livnat and Manor families, acquired control of the IDB Group. Under his leadership, IDB expanded its business through acquisitions such as Cellcom, Koor Industries, and Shufersal. However, in 2013, Dankner lost control of IDB.

Nochi Dankner: Companies

Dankner has been involved with numerous companies throughout his career. He founded Ganden Tourism and Aviation and served as its chairman. He also held controlling stakes in IDB Group and various companies through IDB Holdings, including Cellcom, Shufersal, Netvision, Hadera Paper, and Nesher Cement.

Nochi Dankner: Major Achievements

Dankner\"s major achievements include building Ganden Tourism and Aviation into a successful holding company in the aviation and tourism industries. He also played a significant role in the growth and expansion of IDB Group, making it one of the largest conglomerates in Israel.

Nochi Dankner: Awards & Achievements

No information provided.

Nochi Dankner: Personal Life & Legacy

Nochi Dankner is known for his philanthropic activities and has supported various causes, including education and healthcare. He has also been involved in public service, serving as a board member of the Jewish Agency for Israel.

Nochi Dankner: Trivia

Dankner\"s conviction for securities fraud and market manipulation was a significant event in Israeli business history.

His case highlighted the importance of corporate governance and ethical practices in the business world.

Wealth History

Timeline

November 13, 1954

Nochi Dankner is born in Tel Aviv, Israel.

1996

Dankner founds Ganden Tourism and Aviation.

2003

Dankner acquires control of IDB Group with Livnat and Manor families.

2011

Dankner sells Makhteshim Agan to China National Agrochemical Corporation.

2013

Dankner loses control of IDB.

2016

Dankner is convicted of securities fraud and market manipulation and sentenced to two years in prison.

2018

Dankner's appeal to the Israeli Supreme Court is rejected, and his sentence is increased to three years in prison.

October 2018

Dankner begins serving his sentence.

February 2020

Dankner is granted early release from prison.

Nochi Dankner : FAQs

What is Nochi Dankner's net worth?

As of 2011, Nochi Dankner's net worth was $1.00 billion.

What are Nochi Dankner's main sources of wealth?

Nochi Dankner's main source of income comes from Diversified.

In which industry does Nochi Dankner primarily operate?

Nochi Dankner is primarily involved in the Diversified industry.

How old is Nochi Dankner?

Nochi Dankner is 71 years old.

Who is Nochi Dankner and what is his connection to the Jewish Agency for Israel?

Nochi Dankner is an Israeli businessman who has served as a board member of the Jewish Agency for Israel. He is also known for being the former controlling shareholder of the IDB Group and the founder and chairman of the Ganden Group.

What led to Nochi Dankner's conviction in 2017?

Nochi Dankner was convicted of securities fraud in 2017, stemming from charges related to market manipulation and misleading investors.

How did Nochi Dankner contribute to the Israeli tourism and aviation industry?

Nochi Dankner founded Ganden Tourism and Aviation in 1996, which operated as a holding company in the aviation and tourism sectors, acquiring control of several airlines including Open Skies and IsraAir, before selling Ganden to IDB Development.

What was controversial about Nochi Dankner's acquisition of Bank Hapoalim shares?

The controversy around Nochi Dankner's acquisition of Bank Hapoalim shares involved a deal where Melach Industries acquired 11.6% of the bank's shares, financed by a loan from Bank Leumi using land as collateral, which was under investigation for bribery and money laundering.

What were the outcomes of Nochi Dankner's trial and conviction?

Following his conviction for securities fraud and market manipulation, Nochi Dankner was sentenced to two years in prison, fined 800,000 NIS, and received a suspended sentence of an additional year. His sentence was later increased to three years by the Supreme Court, and he began serving his sentence in October 2018 but was granted early release in February 2020.