What is Zadik Bino's Net Worth?
Zadik Bino is an Israeli businessman who has a net worth of $1.05 billion. Of Iraqi Jewish descent, he immigrated to Israel where he made his way up the corporate ladder at First International Bank of Israel, eventually landing the CEO post in 1978. Serving as CEO until 1986, Bino purchased the company two decades later. However, it's not the major source of his fortune.
Today, he derives the bulk of his net worth from an oil refinery called Paz Oil. It was the first Israeli company to vertically integrate the oil supply chain in 2006, when it won the Israeli government's tender for the sale of Ashdod Oil Refinery. It also has a series of convenience stores throughout Israel under its operation. Zadik Bino has made a name for himself for working fast, quietly and for paying in cash.
