Beny Steinmetz (Metals & Mining) – Overview, Biography

Name:Beny Steinmetz
Occupation: Metals & Mining
Gender:Male
Birth Day: April 2,
1956
Age: 64
Birth Place: Netanya, Israel,
Israel

Beny Steinmetz

Beny Steinmetz was born on April 2, 1956 in Netanya, Israel, Israel (64 years old). Beny Steinmetz is a Metals & Mining, . Nationality: Israel. Approx. Net Worth: $3.9 Billion. With the net worth of $3.9 Billion, Beny Steinmetz is the #397 richest person on earth all the time in our database.

Net Worth 2020

$3.9 Billion
Find out more about Beny Steinmetz net worth here.

Family Members

#NameRelationshipNet WorthSalaryAgeOccupation
#1Rubin Steinmetz Parents N/A N/A N/A
#2Esther Steinmetz Parents N/A N/A N/A
#3Daniel Steinmetz Siblings N/A N/A N/A

Physique

HeightWeightHair ColourEye ColourBlood TypeTattoo(s)
N/A N/A N/A N/A N/A N/A

Biography

Biography Timeline

1999

Koidu Holdings, which formerly operated as a joint venture, has been wholly owned by the BSGR company since 2007.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.

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, healthcare, and culture for young children.

2008

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.

Beny Steinmetz had been involved in a long-running dispute with the government of the Republic of Guinea surrounding the development of Simandou Blocks 1 & 2, part of one of the world’s largest iron-ore deposits. In December 2008, a three-year exploration permit to prospect for iron ore in Simandou, was awarded to BSGR Guinea, after the government of Guits to mine the northern half of Simandou, days before he died, to Steinmetz for $160 million. Steinmetz then soon sold a 51% share on to Vale for $2.5 billion.

2013

In 2013 Steinmetz was accused by French newspaper Le Canard Enchaine of hiring French, Israeli and South African mercenaries to topple the government of Guinea. Steinmetz sued the newspaper for libel. In September 2018, due to the fact that the paper could not prove the authenticity of the sources it claimed to cite (the CIA and its French equivalent), the French court of appeals ruled that the newspaper defamed Steinmetz and his company. The paper and the journalist behind the article had to pay a total of 50,000 euros and publish corrections in Le Canard Enchaine as well as three other major newspapers.

2014

In March 2014, the Swiss daily Le Temps reported that Beny Steinmetz had sold shares in the Steinmetz Diamond Group (SDG) to his brother Daniel. As of March 2015 BSG Capital, a subsidiary of BSGR held a 16% share in Gabriel Resources Ltd.

In April 2014 the Guinean government accused BSGR of obtaining the Simandou mining rights by paying bribes to the wife of then-president Lansana Conté in 2008, and that the rights would be stripped from BSGR and its partner Vale S.A.

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. In February 2019, BSGR together with Guinean President Alpha Condé agreed to drop the pending arbitration case and all allegations of wrongdoing. As part of the agreement, BSGR would relinquish its rights to Simandou and maintain an interest in the Zogota deposit that would be developed by head of Niron Metals, Mick Davis.

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

In mid-November 2016, Alan Davies, head of the Rio Tinto department responsible for Simandou, was suspended due to an investigation into the lawfulness of Rio Tinto’s payment to Francois de Combert, former managing partner at Lazard and personal adviser to the president of Guinea.

On 1 December 2016, France 24 aired recordings from 2012 that it claimed were conversations between Francois de Combret and unnamed people involved in negotiations over the future of Simandou.

In December 2016, Steinmetz was arrested on suspicion of money laundering and bribery charges following an investigation carried out by Israeli, American, Swiss, and Guinean authorities in coordination with the OECD.

He was placed under house arrest on 19 December 2016, due to accusations that he paid tens of millions of dollars to senior public officials in Guinea to advance his businesses, specifically in connection with BSGR’s purchase of Simandou. Steinmetz was released without charge the following month.

On 10 March 2016, Steimetz was indicted in absentia by Romanian National Anticorruption Directorate, on charges of the unlawful recovery of Paul-Philippe Hohenzollern’s inheritance. The court in Romania dismissed the request for a warrant for his arrest.

2017

In April 2017, BSGR filed a suit against American billionaire George Soros in U.S. federal court in New York, claiming he had engaged in a lengthy effort to defame the company and sabotage its business in Simandou and around the world. A Soros spokesman called the allegations “frivolous and entirely false” and described the lawsuit as “a desperate PR stunt meant to deflect attention from BSGR’s mounting legal problems across multiple jurisdictions.”

On 14 August 2017, Steinmetz was arrested as part of a joint investigation by Israeli and Swiss anti-corruption officials over allegations of fraud, breach of trust, bribery, obstruction of justice and false registration of corporate documents” with the apparent purpose of money laundering. He was released to house arrest on 17 August 2017. On 27 June 2019, Steinmetz was acquitted by the Romanian court of all charges.

2019

In November 2019 Forbes estimated his net worth at $1.1 billion.

Upcoming Birthday

Currently, Beny Steinmetz is 65 years, 0 months and 18 days old. Beny Steinmetz will celebrate 66th birthday on a Saturday 2nd of April 2022.

Find out about Beny Steinmetz birthday activities in timeline view here.

Beny Steinmetz trends


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