Connect with us

Celebrity News

Morris Kahn Net Worth 2024

As of 2024, Morris Kahn net worth is valued at $1.5 billion and he is the richest man in South Africa.

Published

on

Morris Kahn net worth

Morris Kahn net worth 2024: Morris Kahn  is an Israeli billionaire entrepreneur. He is the founder of Golden Pages Israel, Amdocs, the Aurec Group, Coral World and other companies.Through Coral World, he founded several marine parks around the world, including an underwater observatory in Eilat, Israel.

Morris Kahn Net Worth 2024

As of 2024, Morris Kahn net worth is valued at $1.5 billion and he is the richest man in South Africa.

Early life

Morris Kahn was born in March 1930 in Benoni, South Africa, to a Jewish family. He is the eldest child of Philip and Beattie Kahn. He was an active member of the Zionist youth group, Habonim.

In 1956, Kahn moved from South Africa to Israel with his wife, Jacqueline (Jackie) Maloon, and their two sons, Benjamin and David

Business ventures

Kahn’s business career in Israel began with a few business ventures, including a bicycle factory in Beit Shemesh in partnership with Kibbutz Tzora; and a cattle company in the Northern Galilee.

In 1978 Kahn and Shmuel Meitar founded the Aurec Group, an Israeli-based private equity firm which started with investments in the cable and telecom sectors. This led to the installation of a fiber optic cable from Israel to Italy, which connected Israel to the rest of the world.

His first major success began with the establishment of the Golden Pages telephone directory in Israel in 1968,  which led to the co-founding of Amdocs in 1982, together with Shmuel and Tzvi Meitar.

Read Vanessa Gounden Net Worth

 Amdocs provides customer relationship management and billing software for big telecommunications firms.

The company, which is traded on NASDAQ (revenue in fiscal 2015: $3.6 billion) currently serves more than 300 clients in more than 90 countries, and has about 26,000 employees.

Aurec also owns Golden Channels, Israel’s first cable company, founded in 1989 and Golden Lines, Israel’s first international communications company, founded in 1996.

In 1997 the Aurec Group acquired 50% of Netcom, the launch of AIG Golden Insurance and Alpha Visa-Card.

He is a principal investor in Aurum Ventures and the clean tech water company Atlantium, that uses UV rays to disinfect water, and N-Trig, a manufacturer of multi-touch screens for computers. In 2016 Aurum Ventures invested $3 million in a new method of diagnosing cancer developed by Noklaiks (Nucleix) Israel.

Time to Know is a digital education platform which Kahn first launched as a nonprofit organization focused on improving grade school education.

Kahn, a former diver, founded Coral World International, a group of aquariums around the world in Eilat, Israel; Maui, Hawaii; Perth, Australia; St. Thomas, US Virgin Islands; Coral Island Nassau, The Bahamas; Oceanworld in Manly, Australia; and elsewhere.

Morris Kahn Net Worth

As of 2024, Morris Kahn net worth is valued at $1.5 billion and he is the richest man in South Africa.

The Morris Kahn Initiative is a $4 million program to help develop pioneering cancer research at Tel Aviv University. The initiative’s aim is to develop 3D cancer modeling of live cancer tumors.

He sponsors an Omo Valley and Jinka, Ethiopia-based project, Jinka Eye Camp, for volunteer Israeli surgeons to perform operations to restore eyesight to people living in rural villages suffering from eye diseases such as cataracts and trachoma.

Source: Glusea

All information like net worth, relationship news & gaming or tech updates are collected using data drawn from public sources ( like social media platform , independent news agency ). When provided, we also incorporate private tips and feedback received from the celebrities ( if available ) or their representatives. While we work diligently to ensure that our article information and net worth numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.

Advertisement
Comments