Yitzhak Tshuva Net Worth

Yitzhak Tshuva has an estimated net worth of $7.3 billion, according to Forbes Real-Time Billionaires, Yitzhak Tshuva profile (figures as of October 20, 2026). That is up from $3.9 billion in 2019.

Yitzhak Tshuva is an Israeli businessman known for founding El Ad Group and for controlling Delek Group. He began working in construction and farming at a young age, later served in the Israeli army, and then worked in the construction and engineering department of Israel's Ministry of Defense. In the 1970s, he became a developer of low-income neighborhoods in Netanya. During the 1980s, he moved into larger residential and commercial projects across Israel and built a broader property business.

His reach expanded after 1988, when he and his family spent several years in the United States. He worked on many real estate projects in New Jersey and New York City. In 1992, he founded El Ad Holdings, also called El Ad Group, to manage most of his real estate transactions in North America. A major breakthrough came in 1998, when he gained control of Delek Israel Fuel Corporation and grew Delek Group into a wider company with automotives, oil and gas interests.

How Yitzhak Tshuva makes money

Tshuva made his billions in energy and real estate, according to Forbes. His private El Ad Group has developments in Manhattan, Florida, Louisiana, Montreal and Israel. The company became widely known for owning the Plaza Hotel in New York City. In 2004, El Ad Group bought the hotel for $675mn. Before its renewed opening in 2008, the company sold 182 residential apartments there. That transaction was said to have brought in about $1 billion, making it one of his best-known property deals.

His other main source of wealth is Delek Group, the publicly traded conglomerate he controls. After taking control in 1998, he expanded it beyond fuel into automotives, oil and gas. Delek later took part in major offshore gas discoveries in Israel and Cyprus. In January 2009, 320 billion cubic meters of gas reserves were discovered in the Tamar 1 and Dalit fields. In 2010, 600 billion cubic meters were discovered in the Leviathan field. Those discoveries became a major part of his business story.

How Forbes' estimate changed

Forbes estimated Tshuva's net worth at $3.9 billion in 2019. That dropped to $3.2 billion in 2020 and $2.7 billion in 2021. It then moved back up to $3.8 billion in 2022 and $3.7 billion in 2023, before rising to $4.5 billion in 2024 and $4.9 billion in 2025. In 2026, Forbes put him at $8.3 billion on its World's Billionaires list. The shifts line up with the value of holdings tied to real estate and to Delek Group.

His money picture also changed as he sold assets. In 2013, El Ad Group sold its share of the Plaza Hotel and surrounding commercial property. In 2015, he sold a majority stake of Phoenix Insurance Company. During 2020 and 2021, he sold assets including Elad Canada Realty, part of ELAD Israel Residences, part of Delek Israel, a stake in Keshet, land in Acre and a rental housing company. Forbes' current real-time tracker showed $7.3 billion as of October 20, 2026.