Jacob Engel

For the German footballer, see Jacob Engel (footballer).

Jacob Engel (Hebrew: יעקב אנגל) is an Israeli billionaire primarily involved in the real estate, infrastructure, technology, and mining fields. He is the chairman of Engelinvest Group.^{[1] [2] [3]}

Jacob Engel
יעקב אנגל
Jacob Engel
Born	Zagreb, Croatia
Nationality	Israeli
Education	BSc in Mechanical Engineering Technion – Israel Institute of Technology
Occupation	Businessman
Known for	Chairman of Engelinvest Group
Children	4

Biography

Engel was born in Zagreb, Croatia. At the age of two, he immigrated to Israel with his family. They initially lived in Ma'abara at Kfar Hasidim^[1] and moved to Krayot near Haifa.^[4] He earned a BSc in Mechanical Engineering from the Technion – Israel Institute of Technology. His first business venture was Dalton, a company that developed security doors and Intercom; after a few years, he sold the company,^[3] and Engel became a property developer. During the 1990s post-Soviet aliyah, he built tens of thousands of apartments for the new immigrants^[5] in billions of shekels.^[6][7][8] In 1991, he listed his company on the Tel Aviv Stock Exchange under the name Lagna Resources; in 1997, it was registered at the Nasdaq, New York.^[3] in 2005, it was registered as an IPO at the London AIM Stock market.^[9] His next initiative was property development in Eastern Europe; he constructed and sold tens of thousands of residential units in Bulgaria, the Czech Republic, Hungary, Poland, Romania, and Serbia.^[5] In 2007, he sold the Lagna company to Azorim for NIS 430 million.^[10][11]

In 2007, Engel founded the Engelinvest group focused on real estate opportunities and investments and began investing in real estate in the United Kingdom with Hezi Hermoni, creating a portfolio valued in hundreds of millions of pounds ^[12] and also established Engelinvest Renewal, which develops residential projects mainly in central Israel. The company has a portfolio of projects with thousands of residential units. In 2021 and 2022, it was joined by Bank Leumi ^[13] and Shamrock Holdings. ^[14] in 2007, Engel founded Elenilto Group, which is involved in the mining sector. 2008, the company acquired 75 percent of Tanzania’s copper mines and 72 of its gold and copper mine franchises.^[15] The company also had chromium, copper, iron, gold, and zinc mining licenses for over 9,000 square kilometers in Albania, Congo, Ghana, Ethiopia, Israel, Liberia, and Tanzania.^[16] It operated gravel and sand quarries in Eastern Europe and the south and center of Israel.^[15] In 2010, Elenilto won one of the world’s most significant iron ore mining tenders in Liberia.^[17][16] In 2011, the company sold it.^[18] In 2015, Engel established Tenlot, a company that acts as a technology platform for gaming and lottery activity. It has government licenses and operates in Latin America and Africa.^[19] In 2020, White Sands Industries, a subsidiary of Elenilto Group, won an Israel Land Authority tender to operate the Hanaton quarry for 20 years, it will pay $570 Million.^[20] Engel, the leading investor in Atooro Fund, invests in technology and start-up companies.^[21]

Personal life

Jacob Engel is married, is a father to four children, and lives in Ramat HaSharon.^[1]