Early Life
Yitzhak Tshuva was born in Tripoli, Libya, on July 7, 1948. When he was six months old, his family immigrated to Israel as part of the Jewish exodus from Arab and Muslim countries. They initially settled near Netanya. Tshuva's early years were marked by financial struggles, and he began working at the age of 12 to support his family.
Rise to Success
Tshuva's career in real estate began in the 1970s, where he developed low-income neighborhoods in Netanya. He entered local politics and served on the city council. In 1992, Tshuva founded El Ad Holdings, which managed real estate transactions in North America. He acquired numerous residential and commercial properties in the United States and Canada through El Ad Holdings. One of his most notable achievements was the acquisition of the Plaza Hotel in New York City in 2004. He later sold the hotel in 2013. In 1998, Tshuva gained control of Delek Israel Fuel Corporation, growing it into a major energy company.
Key Business Strategies
Tshuva's strategies involved identifying and capitalizing on opportunities within the real estate and energy sectors. His acquisition of the Plaza Hotel and the growth of Delek Group demonstrate his ability to identify undervalued assets and transform them into profitable ventures. His focus on strategic investments in North America and Israel's energy sector helped him achieve success.
Philanthropy
Tshuva has supported numerous educational and cultural institutions and is known for his philanthropic activities. He financed the construction of the Sha'arei Teshuva synagogue in Tel Aviv. Tshuva established a fund at Delek, providing scholarships for Israeli university students.
