Elie Horn

Last updated
Elie Horn
Born
Elie Horn

1944 (age 79–80)
Aleppo, Syria
NationalityBrazilian
OccupationBusinessman
Known forFounder and principal of Cyrela Brazil Realty
SpouseSusy Horn
Children3

Elie (Eli) Horn (born in 1944) is a Brazilian billionaire businessman and philanthropist operating in Brazil, and president of Cyrela Brazil Realty. [1]

Contents

Biography

Elie Horn was born to a Jewish family in Aleppo (then under the French Mandate for Syria). [2] His family emigrated to Brazil when he was 11. [2] As a teenager, he began working with his brother, Joe Horn, in developing the city of São Paulo, gaining experience in real estate. Horn received a degree in law from Mackenzie University. In 1962, he founded his own company, Cyrela, and built it into the largest publicly traded developer of high-end residential buildings in Brazil. [2]

Cyrela Brazil Realty

Horn is a controlling shareholder in Cyrela Brazil Realty [3] and is a developer and builder of real estate located in the state of São Paulo, Brazil. It operates in 17 states and 66 cities in Brazil, Argentina and Uruguay. The company has existed for 50 years and has over 8,000 clients, 15,000 employees and has developed over 70,000 housing units between 2015 and 2018. Cyrela is traded on the Brazilian stock market at a $2 billion market cap. [4]

Horn is chairman of Cyrela's board of directors and chief executive officer. Serving in both capacities since the incorporation of Brazil Realty in 1994. Horn is founding partner and president of Cyrela since 1978. [3] In 2014, Horn retired as CEO of Cyrela with his two sons, Raphael and Efraim becoming co-CEOs. [5]

Business philosophy and achievements

Horn is described by Forbes as a:

"Real estate magnate (who) founded Cyrela Brazil Realty in 1978; built it into largest developer of high-end residential buildings in São Paulo and Rio de Janeiro. Later expanded by inking development deals with partners in various regions of Brazil. Horn also owns slice of agricultural investor BrasilAgro. A low-profile man known for giving 20% of his earnings to charity reportedly told Brazilian press he plans to give away most of his fortune at his death. In 2008 he told Wharton: 'My history is to make money when there is a boom, not when there is a crisis.'" [6]

Philanthropy

"...In 2007, the Kemach Foundation ("Promoting Haredi Employment" ) was founded. Its purpose is to help Haredi students sustain themselves in dignity. Behind Kemach stands philanthropist Leo Noe, owner of British company Reit Asset Management; Zev Wolfson, founder of the software house, Ness Technologies; Joel Landau, executive director of Israel Up Close Productions, who is involved with Yad Ezra V’Shulamit. They were also joined by Brazilian billionaire Elie Horn." [7]

In 2015, Horn and his wife Susy signed Warren Buffett's The Giving Pledge, pledging to donate 60% their wealth over their lifetime to charitable causes. [8] Elie was the first Brazilian to do so. [9]

Net worth

Since 2006, Horn has been on the list of Forbes billionaires. During 2015 the Brazilian GDP fell by 3.2% and Horn's Cyrela Brazil lost 55% of its value, shrinking Horn's wealth down to about $500 million, temporarily removing him from the list of the world's billionaires. [9] Per Forbes magazine, as of March 2018, Horn had a net worth of US$1.0B. [5]

Personal life

Horn is married to Susy and has three children. [5]

Related Research Articles

<span class="mw-page-title-main">Haredi Judaism</span> Branch of Orthodox Judaism

Haredi Judaism is a branch of Orthodox Judaism that is characterized by its strict interpretation of religious sources and its accepted halakha and traditions, in opposition to more accommodating values and practices. Its members are usually referred to as ultra-Orthodox in English; a term considered pejorative by many of its adherents, who prefer the terms strictly Orthodox or Haredi. Haredim regard themselves as the most authentic custodians of Jewish religious law and tradition which, in their opinion, is binding and unchangeable. They consider all other expressions of Judaism, including Modern Orthodoxy, as deviations from God's laws, although other movements of Judaism would disagree.

Charles Bronfman, is a Canadian-American businessman and philanthropist and is a member of the Canadian Jewish Bronfman family. With an estimated net worth of $2.5 billion in 2023, Bronfman was ranked by Forbes as the 1,217th wealthiest person in the world.

<span class="mw-page-title-main">Bernard Marcus</span> American billionaire businessman and philanthropist (1929–2024)

Bernard Marcus was an American billionaire businessman. He co-founded Home Depot in 1978. He was the company's first CEO and first chairman until retiring in 2002. In November 2024, Forbes estimated his net worth at US$10.3 billion.

Joseph Safra was a Swiss-based Lebanese Brazilian banker and billionaire businessman of Syrian descent. He was Brazil's richest man and the richest banker in the world, running the Brazilian banking and investment empire, Safra Group.

<span class="mw-page-title-main">David Azrieli</span> Israeli-Canadian entrepreneur (1922–2014)

David Joshua Azrieli was an Israeli-Canadian tycoon, real estate developer, architect, and philanthropist. With an estimated net worth of US$3.1 billion in March 2013, he was ranked by Forbes as the ninth-wealthiest Canadian and the 401st wealthiest person overall.

Michael H. Steinhardt is an American billionaire hedge fund manager, philanthropist, and former antiquities collector. In 1967, he founded a hedge fund, Steinhardt Partners which he ran until he closed it in 1995. After a hiatus from work, he returned to head WisdomTree Investments in 2004. In January 2014 he was on the cover of Forbes Magazine, referred to as "Wall Street's greatest trader." Forbes reported his net worth at $1.1 billion as of October 2018.

John Gandel is an Australian businessman, property developer and philanthropist. He made his fortune in the development of commercial real estate as well as shopping centres located in Melbourne, Victoria.

Cyrela Brazil Realty is the largest homebuilder and real estate company by revenue and market value in Brazil. Considered one of the most solid of the civil construction sector, currently operates in 16 states and 66 cities in Brazil, in addition to Argentina and Uruguay. Founded in 1962, with 35,000 customers Cyrella built 7,250,000 square feet (674,000 m2) of properties. The company is headquartered in São Paulo and listed in the B3.

<span class="mw-page-title-main">Edward Mermelstein</span> Real estate attorney

Edward Alexander Mermelstein is New York City’s Commissioner for International Affairs. He is also an attorney, financial investment advisor, media pundit and real estate developer.

Stewart J. Rahr is an American entrepreneur, investor and philanthropist. Rahr was the founder and owner of pharmaceutical and generics wholesaler Kinray, the largest privately owned pharmaceutical distributor in the world until it was bought out by Cardinal Health in 2010. The sale made Rahr a billionaire.

Even is a Brazilian construction and real estate company. It is listed on B3, the São Paulo Stock Exchange.

<span class="mw-page-title-main">The Giving Pledge</span> Charitable campaign

The Giving Pledge is a charitable campaign, founded by Bill Gates and Warren Buffett, to encourage wealthy people to contribute a majority of their wealth to philanthropic causes. As of June 2022, the pledge has had 236 signatories from 28 countries. Most of the signatories of the pledge are billionaires, at a total of US$600 billion.

<span class="mw-page-title-main">Leo Noe</span> British real estate investor

Leopold Noé is a British multi-millionaire property investor. His net worth is at least £606 million based on the 2021 and 2020 Sunday Times Rich List.

Neil Gary Bluhm is an American billionaire real estate and casino magnate. He is a partner of Midwest Gaming & Entertainment, which owns several casinos. He had an estimated net worth of US$7 billion in October 2021.

Jeff Sutton is an American billionaire real estate developer and the founder of Wharton Properties. In August 2024, his net worth was estimated at $2.7 billion by Forbes.

Mitchell Goldhar is a Canadian billionaire and businessman.

<span class="mw-page-title-main">Adam Neumann</span> Israeli-American businessman (born 1979)

Adam Neumann is an Israeli-American billionaire businessman and investor. In 2010, he co-founded WeWork with Miguel McKelvey, where he was CEO from 2010 to 2019. In 2019, he co-founded a family office dubbed 166 2nd Financial Services with his wife, Rebekah Neumann, to manage their personal wealth, investing over a billion dollars in real estate and venture startups.

<span class="mw-page-title-main">Yitzchak Mirilashvili</span> Israeli entrepreneur (born 1984)

Yitzchak Mirilashvili is an Israeli investor, entrepreneur and philanthropist. He is a co-founder of VK (Vkontakte.ru), Russia's largest social network. Mirilashvili lives in Israel, where he oversees his businesses as well as various charitable foundations and causes. Mirilashvili is the controlling shareholder of Israel's Channel 14 and in The economy channel.

References

  1. ↑ "Elie Horn". Forbes. Retrieved 2023-12-27.
  2. 1 2 3 Jewish Telegraph Agency: "Jewish billionaire first Brazilian to join Gates and Buffet’s Giving Pledge" December 1, 2015
  3. 1 2 "Cyrela Brazil Realty's Elie Horn: 'My Strategy Now Is to Stay Quiet'". Knowledge@Wharton. December 18, 2008. Retrieved 7 September 2011.
  4. ↑ Rochvarger, Michael (2018-02-04). "Surprising Candidate in Battle for Control Over Israeli Telecom Titan: A Brazilian-Jewish Billionaire". Haaretz. Retrieved 2018-02-10.
  5. 1 2 3 "Elie Horn". Forbes. Retrieved 2018-02-10.
  6. ↑ "The World's Billionaires #437 Elie Horn". Forbes.com. 3 Oct 2010. Archived from the original on March 15, 2010. Retrieved 7 September 2011.
  7. ↑ Tucker, Nati (6 Sep 2011). "The ultra-Orthodox can't all study all the time". Haaretz. Retrieved 7 September 2011.
  8. ↑ "Brazil, philanthropy and inequality". Alliance magazine. July 11, 2018. Retrieved October 24, 2019.
  9. 1 2 Blankfeld, Keren. "Elie Horn Is First Brazilian To Sign On To Giving Pledge". Forbes. Retrieved 2018-02-10.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.