It might not be common knowledge, but Beny Steinmetz is a name worth knowing. Despite his preference for privacy and a low-profile lifestyle, Steinmetz has made a significant mark with an estimated fortune of $3.9 billion and a reputation as a top global philanthropist.
His journey from modest beginnings in Israel to becoming a titan in international business is both compelling and worth delving into.
This piece sheds light on the life of Beny Steinmetz, tracing his path from early days to his current standing, and how he rose to prominence in the business world.
Early Years
Born in Netanya, Israel, in 1956, Beny Steinmetz grew up as the successor to a business empire founded by his father, Rubin Steinmetz. Before venturing into the business world, he served in the Israeli army for three years. Steinmetz then pursued a career in the diamond industry, moving to Antwerp, Belgium, at 21, the global hub for diamond trade, to master the craft. His experiences during these formative years laid the foundation for his later success as an entrepreneur.
After honing his skills in Belgium, Steinmetz returned to Israel in 1977, though his passion for travel and global exploration never waned.
Career in Business
Steinmetz ventured into the African mining sector, drawn by the continent’s rich natural resources. In 1988, he acquired a major diamond factory in South Africa, marking the start of an expansive venture across the continent, including Angola and Botswana, where he established successful businesses.
His curiosity didn’t stop at mining; Steinmetz also ventured into real estate and finance. To manage his diverse business interests, he founded BSG Resources (BSGR), which quickly became a powerhouse in the global business arena. His innovative and hands-on approach transformed BSGR into a leader in natural resources and finance, achieving remarkable success independently of the mining industry’s established giants.
Steinmetz’s strategic investments, often in collaboration with local communities and businesses, allowed BSGR to dominate the natural resources market. Today, he continues to advise the board of directors, though he has stepped back from day-to-day operations.
Family Life and Philanthropy
Steinmetz’s commitment extends beyond business; his family and philanthropic efforts are central to his life. Married to his high school love, Agnes, the couple has four children and is deeply involved in charitable work. They founded the Beny & Agnes Steinmetz Foundation, supporting various causes, including education and healthcare, significantly impacting disadvantaged youths.
Their philanthropy has earned them honorary doctorates and significant recognition, including trustee positions and a named wing at the Tel-Aviv Museum of Art.
Now holding dual French and Israeli citizenship, Steinmetz enjoys traveling and pursuing new learning opportunities, even as he focuses on philanthropy in his semi-retirement.
Looking Ahead
Beny Steinmetz‘s dedication to business excellence and philanthropy has crafted a legacy that continues to influence the corporate and charitable sectors. As he focuses on philanthropic efforts, his commitment to supporting education and fostering future leaders remains unwavering.
Steinmetz’s life story is a testament to the impact of visionary leadership and generosity, making him a role model for aspiring entrepreneurs and philanthropists alike. This overview highlights the significant contributions and remarkable journey of Beny Steinmetz, a business magnate and philanthropic leader.
