The Ledger / Yitzhak Tshuva
Yitzhak Tshuva
◼ Origin
Yitzhak Tshuva built Delek Group from a small Israeli fuel retailer (founded 1951, acquired in the 1990s) into a major energy conglomerate. Primary wealth acceleration came from Delek's joint discovery with Noble Energy of Israel's offshore gas fields Tamar (2009) and Leviathan (2010), transforming Israel from an energy importer to exporter. He also controls IDE Technologies, one of the world's largest desalination plant operators.
◼ Self-Made Verdict — YES
Built Delek from acquired fuel retail assets through genuine business development; offshore gas discoveries represent entrepreneurial risk-taking, not inherited wealth.
◼ Documented marks
01
Controls Delek Group, an Israeli publicly traded energy conglomerate holding stakes in the Leviathan gas field
02
Founded El-Ad Group, a real estate development company that formerly owned Manhattan's Plaza Hotel
03
Israel's Antitrust Authority declared the Delek-Noble Energy consortium a cartel in December 2014, voiding their agreement and compelling divestiture
04
The 2015–2016 Gas Framework required Delek to divest Karish, Tanin, and Tamar stakes under regulatory compulsion
05
Delek Group carried approximately NIS 6 billion in bondholder debt as of 2020, creating acute financial distress during the COVID-era oil demand collapse
06
Controls Delek Group Ltd. (Tel Aviv Stock Exchange: DLEKG), Israel's largest energy company, holding stakes in the Leviathan gas field — the largest offshore gas discovery in Israeli history
07
Israel's Competition Authority declared the Delek-Noble Energy gas field consortium a cartel in 2014, ordering divestiture — Prime Minister Netanyahu invoked emergency national security clause to initially override it
08
Delek was ultimately forced to sell Karish, Tanin, and Tamar stakes under the 2015-2016 Gas Framework regulatory compulsion
09
Formerly controlled El-Ad Group real estate, which once owned Manhattan's Plaza Hotel
10
Delek Group carried approximately NIS 6 billion in bondholder debt as of 2020, creating acute financial distress during COVID-era oil demand collapse
11
Controls Delek Group Ltd. (Tel Aviv Stock Exchange: DLEKG), Israel's largest energy company, holding stakes in the Leviathan gas field — the largest offshore gas discovery in Israeli history
12
Controlling shareholder of Delek Group (TASE: DLEKG); 50% stake in IDE Technologies (desalination); key Leviathan gas field stake via Delek Drilling LP
13
Israel's Antitrust Authority declared Delek/Noble Energy joint control of Tamar and Leviathan gas fields an illegal cartel (December 2014); Delek ordered to divest Tamar stake
14
IDE Technologies barred by Israeli Administrative Court from Sorek B desalination tender after Sorek A plant falsified chloride measurements for ~18 months, exceeding permitted limits up to 4x
15
Delek accumulated NIS 6B+ in bond debt; COVID price collapse in 2020 forced emergency asset sales
16
Israel's Competition Authority declared the Delek-Noble Energy gas field consortium a cartel in 2014, ordering divestiture — Prime Minister Netanyahu invoked emergency national security clause to initially override it
17
Delek was ultimately forced to sell Karish, Tanin, and Tamar stakes under the 2015-2016 Gas Framework regulatory compulsion
18
Formerly controlled El-Ad Group real estate, which once owned Manhattan's Plaza Hotel
19
Delek Group carried approximately NIS 6 billion in bondholder debt as of 2020, creating acute financial distress during COVID-era oil demand collapse
No inheritance, or primary accounts documented for this billionaire yet.
◼ List of charges
Total sentence
0–0 years
That is
0.0–0.0 life sentences
(using 78 years as one life)
These are moral charges, not legal ones. The actual legal system has not — and will not — bring them.
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