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Beny Steinmetz

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116:; born 2 April 1956) is an Israeli businessman and entrepreneur, with a focus in the mining, energy, real estate and diamond-mining industries. He has been convicted of corrupt and illegal business practices in multiple countries. Beny Steinmetz is the chairman and co-founder of the philanthropic trust, Agnes & Beny Steinmetz Foundation and is actively involved in the art world in 31: 616:
In 2006, Steinmetz and his wife Agnes started the Agnes and Beny Steinmetz Foundation in order to unify their multiple volunteer activities under the auspices of one philanthropic organization in Israel. The Foundation is primarily engaged in financing projects in the fields of education, healthcare,
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Beny Steinmetz, businessman and philanthropist, has accumulated a billionaire status through his work. With his wife, he oversees the Beny & Agnes Steinmetz Foundation, which donates to schools, hospitals, army units and the arts in Israel. The foundation was simply an extension of the work that
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Blocks 1 & 2, part of one of the world's largest iron-ore deposits. In December 2008, a three-year exploration permit to prospect for iron ore in Simandou, was awarded to BSGR Guinea, after the government of Guits to mine the northern half of Simandou to Steinmetz for $ 160 million. Steinmetz
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In January 2021, Beny Steinmetz was found guilty in a Swiss court of bribing senior foreign public officials and fraud and forgery of corporate documents. This pertained to the granting of rights to an iron ore mine in Guinea. He was sentenced to 5 years in prison and a fine of 50 million Swiss
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Beny has been one of the major donors to the Tel Aviv Museum of Art. The Steinmetz Foundation has sponsored the construction of an entire wing at the museum's newest building: the Agnes and Beny Steinmetz Wing for Architecture and Design. This facility includes two galleries, one of which is
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in Israel on 19 December 2016, due to accusations that he paid tens of millions of dollars to senior public officials in Guinea to advance his businesses, specifically in connection with BSGR's purchase of Simandou. Steinmetz was released without charge the following month.
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On 14 August 2017, Steinmetz was arrested as part of a joint investigation by Israeli and Swiss anti-corruption officials over allegations of fraud, breach of trust, bribery, obstruction of justice and false registration of corporate documents with the apparent purpose of
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At the end of 2016, the Foundation held a festive event to celebrate a decade of giving. Attendants included representatives of the many organizations the Foundation had supported over the years by contributing a cumulative amount of tens of millions of shekels.
305:. The arbitration "Claims arising out of the alleged interference by the Government in the claimant’s planned sale of FENI Industries, which allegedly led to initiation of bankruptcy proceedings against FENI" was later discontinued, and FENI was sold to 620:
The Agnes and Beny Steinmetz Foundation also supports programs that work with at-risk youth, runs after-school facilities for children from disadvantaged families, and offers scholarships to students from difficult socio-economic backgrounds.
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agreed to drop the pending arbitration case and all allegations of wrongdoing. As part of the agreement, BSGR would relinquish its rights to Simandou and maintain an interest in the Zogota deposit that would be developed by head of
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In mid-November 2016, Alan Davies, head of the Rio Tinto department responsible for Simandou, was suspended due to an investigation into the lawfulness of Rio Tinto's payment to Francois de Combert, former managing partner at
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In December 2016, Steinmetz was arrested on suspicion of money laundering and bribery charges following an investigation carried out by Israeli, American, Swiss, and Guinean authorities in coordination with the
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court of bribery and forging documents to gain mining rights in Guinea and was sentenced to five years in prison and a fine of $ 50 million. The conviction was upheld on appeal in a March 28, 2023 ruling.
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Both Beny and Agnes Steinmetz hold honorary doctorate degrees from the Netanya Academic College as well as from the Tel-Aviv Museum of Art in recognition off their support for cultural initiatives.
1526: 666:, the Association for the Wellbeing of Israel's Soldiers (mainly supporting the soldiers of the Tzabar Battalion Of the Givati Brigade), the Israel Cancer Association, and various hospitals. 427: 294: 364:. Steinmetz sued the newspaper for libel. In September 2018, because the paper could not prove the authenticity of the sources, it claimed to cite (the CIA and its French equivalent), the 1339: 543:
related to bribes paid in Guinea. He was sentenced to five years in prison, and ordered to pay a fine of 50 million Swiss francs. In 2023, a Swiss court upheld the bribery conviction.
331:, BSGR sought bankruptcy protection in the U.S. At that time, BSGR sued Soros, alleging a defamation campaign that cost the company its rights to Simandou and at least $ 10 billion." 1468: 944: 368:
ruled that the newspaper defamed Steinmetz and his company. The paper and the journalist behind the article had to pay a total of 50,000 euros and publish corrections in the
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Today Steinmetz lives in Israel with his wife Agnes and their four children. Steinmetz also holds French citizenship and describes himself as an "international Israeli."
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in U.S. federal court in New York, claiming he had engaged in a lengthy effort to defame the company and sabotage its business in Simandou and around the world.
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Steinmetz occupies an advisory role in the Beny Steinmetz Group Resources (BSGR) Board of Directors. BSGR is a natural resource company active in the fields of
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aired recordings from 2012 that it claimed were conversations between Francois de Combret and unnamed people involved in negotiations over the future of
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On 14 February 2022 the Brazilian mining company Vale SA dropped a $ 1.2 billion claim against individuals and entities linked to Beny Steinmetz.
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Every year, the Agnes & Beny Steinmetz Foundation donates 125 scholarships valued at 8,000 NIS each to Netanya Academic College students.
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in Romania was violated and that he is at real risk of inhuman and degrading treatment if extradited. The décision was confirmed on appeal
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when filing their claim against BSGR in 2014 and that the company failed to identify a pattern of racketeering activity by the defendants.
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In April 2014 the Guinean government accused BSGR of obtaining the Simandou mining rights by paying bribes to the wife of then-president
2493: 558: 132:, Israel and is the fourth child of Rubin Steinmetz, a pioneer of the diamond trade. At the age of 21, after serving three years in the 2104: 1911: 1407: 1230: 2236: 2061: 1887: 1250: 740: 2498: 1007: 170:. He also branched out into ventures such as mining, real estate and capital markets. The group operates in more than 25 countries. 2082: 1965: 2463: 1264: 857: 252: 1286: 1182:"Gabriela Scripnic - Emotion-invoking strategies in the presentation of Roşia Montană Project in the Romanian public sphere", 1046: 409:, Steinmetz said: “We are the victims. We have done only good things for Guinea, and what we’re getting is spit in the face." 2315: 768: 430:, challenging the government's decision to revoke its mining rights. In February 2019, BSGR together with Guinean President 217:
In 2007, Steinmetz "was forced to abandon plans for a $ 580 million share sale in London for his Cunico Resources vehicle."
1925: 1421: 2448: 565:'s inheritance. Two other Israelis and he were on trial "in several cases involving high-ranking dignitaries in Romania." 1778: 2001: 1265:"2017 Cunico v. Macedonia Cunico Resources N.V. v. Macedonia, former Yugoslav Republic of (ICSID Case No. ARB/17/46)" 251:
In June 2016, it was reported that BSGR had divested itself of most of its holdings in Cunico Resources, in favor of
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An Athens court rejected an extradition request by Romanian authorities in March 2022, ruling that Steinmetz's
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reported that Beny Steinmetz had sold shares in the Steinmetz Diamond Group (SDG) to his brother Daniel.
2458: 572: 417: 385: 133: 356: 2161: 259: 2473: 1527:"The corruption deal of the century: How Guinea lost billions of pounds in Simandou mining licensing 1912:"Mines, milliards et coups tordus – À Genève, le milliardaire Beny Steinmetz défie ses accusateurs" 1689:"Louis Freeh's Latest Investigation: Billionaire Businessman Accused of Bribing African Government" 1408:"Mines, milliards et coups tordus - a Geneve, le milliardaire Beny Steinmetz defie ses accusateurs" 1381: 1081: 1115: 436: 997: 248:. As of March 2015 BSG Capital, a subsidiary of BSGR, held a 16% share in Gabriel Resources Ltd. 207: 1808: 471:
In November 2015, Rio Tinto's RICO lawsuit against BSGR was dismissed, with U.S. District Judge
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In spring 2018, the BSGR went into voluntary receivership "in the face of bribery allegations".
2403: 202:, has been wholly owned by the BSGR company since 2007. In 1997, he founded STI Ventures NV, a 1634: 1544:"Buried Secrets: How an Israeli billionaire wrested control of one of Africa's biggest prizes" 1195: 1003: 552: 275: 245: 192:, once business partners, parted company in the 1990s over a Russian business deal gone sour. 2129: 1187: 413: 314: 2244: 1966:"Court rejects extradition request for mining billionaire Beny Steinmetz – Athens-News.GR" 1684: 1050: 663: 461: 446: 399:
investigated BSGR's acquisition of the rights to extract half of the iron ore deposits at
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In February 2018, a court in Romania dismissed the request for a warrant for his arrest.
403:, due to illegitimate concerns. BSGR denied these allegations and in an interview to the 2237:"Beny Steinmetz Scholarship: Suggested Addresses For Scholarship Details | Scholarshipy" 431: 405: 225: 195: 375:
Beny Steinmetz had been involved in a long-running dispute with the government of the
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francs regarding the Simandu Case He lost his appeal over corruption charges in 2023.
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The Foundation also donates to several organizations and institutions, including the
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leak. This included revelations around corruption and improper business dealings in
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of hiring French, Israeli and South African mercenaries to topple the government of
2345: 2265: 1994:"Panama Papers flag billion-dollar DRC mining rip-offs | Special Reports | M&G" 1605:"Mining Billionaire Ends Bitter Guinea Dispute After Months of Secret Negotiations" 1469:"Israeli Billionaire Steinmetz's BSGR Settles Guinea Row, Looks to Zogota Iron Ore" 1191: 1043: 1029:. Mining dot com / Glacier Media Group. Bloomberg News. 4 June 2019. Archived from 945:"Israeli Billionaire Steinmetz's BSGR Settles Guinea Row, Looks to Zogota Iron Ore" 832: 520: 512: 189: 159: 449:
then filed suit against Steinmetz, BSGR and Vale alleging that they had devised a
136:, Steinmetz emigrated from Israel to Belgium, to the famous diamond hub, Antwerp. 2323: 1926:"Bombă aruncată de DNA: Se cere arestarea a patru afaceriști extrem de influenţi" 1085: 1067: 920: 457: 221: 178: 1587:"BSGR pushes ahead with arbitration against Guinea over Simandou mining rights" 1340:"Once promising Gabriel Resources loses another CEO as company's prospects dim" 2083:"8 Renowned Philanthropists And Their Charitable Work | Think Research Expose" 540: 440: 306: 278:, a gold-mining company seeking (unsuccessfully thus far) to reopen a mine in 229: 1638: 492: 328: 302: 30: 1511:
FBI arrest agent over bribery cover-up claim in battle over $ 10bn mountain
1382:"Swiss court finds Israeli businessman Beny Steinmetz guilty of corruption" 670:
dedicated to the museum's design displays, and the other to architecture.
2213:"Academic Scholarships | Beny Steinmetz - Businessman and Philanthropist" 1809:"BSGR sues billionaire George Soros over the loss of Guinea iron project" 416:
in 2008, and that the rights would be stripped from BSGR and its partner
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they had already been doing for a number of other charitable causes.
527: 484: 376: 361: 271: 267: 255:, with which it had ownership of FENI Industries in a joint venture. 211: 163: 152: 117: 73: 58: 2346:"Investing in Art | Beny Steinmetz - Businessman and Philanthropist" 228:
in 2008. Through his company called Scorpio, he owns real estate in
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In 1997, he decided to get away from Antwerp and diamonds and left
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In November 2019 Forbes estimated his net worth at $ 1.1 billion.
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A now-defunct company, of which he was a founder and shareholder,
2290:"חוגגים עשור לקרן אניאס ובני שטיינמץ | המגזין של פרויקט אמץ לוחם" 1861:"Israeli minerals magnate Beny Steinmetz convicted of corruption" 769:"BSG Capital Gabriel Resources owner Steinmetz wanted in Romania" 505: 450: 1448:"Coup Claims Against Steinmetz Land French Newspaper With Fine" 1562:"Guinea to strip Beny Steinmetz company of mining concessions" 1313:"Israeli billionaire arrested in int'l money laundering probe" 1165:"Guinea to strip Beny Steinmetz company of mining concessions" 519:
In April 2017, BSGR filed a suit against American billionaire
396: 174: 1888:"Swiss court hands diamond magnate five-year prison sentence" 1839:"Soros Sued by Fellow Billionaire in $ 10 Billion Mine Brawl" 1714:"Steinmetz, BSG Resources Win Dismissal of Rio Tinto Lawsuit" 741:"Swiss court hands diamond magnate five-year prison sentence" 539:
On January 22, 2021, Steinmetz was found guilty in Geneva of
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Billionaire Beny Steinmetz released from Israel house arrest
1779:"Billionaire vs. billionaire: Israel's Steinmetz sues Soros" 1002:. Washington DC: USGS Bureau of Mines. 2008. pp. 20–2. 453:
scheme to steal "valuable mining rights" held by Rio Tinto.
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Ian Cobain; Juliette Garside; Anne Penketh (9 April 2014).
1494:"Guinea and its iron ore: Let the people benefit, for once" 1354:"Beny Steinmetz bribery conviction appeal begins in Geneva" 158:
In 1988 he bought his first and largest diamond factory in
2130:"מי הגיע לאירוע ההוקרה של קרן אניאס ובני שטיינמץ? - גלובס" 1422:"Brazil's Vale drops $ 1.2 bln claim in Steinmetz dispute" 428:
International Centre for Settlement of Investment Disputes
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In 2013 Steinmetz was falsely accused by French newspaper
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International Centre for Settlement of Investment Disputes
1027:"Steinmetz's BSGR bankruptcy fends off Vale's $ 2B award" 181:, mining, metal and power headquartered in the island of 1084:: Information Services on Latin America, 1999, pg. 7379 967: 965: 317:. He was released to house arrest on 17 August 2017. 1099:
Miller, Hugo; Biesheuvel, Thomas (12 January 2021).
1660:"Rio Tinto sues Israeli billionaire Beny Steinmetz" 95: 87: 79: 65: 37: 21: 2054:"Panama Papers: Steinmetz Guinea deal pried open" 1940:"Romanian court refuses Steinmetz arrest warrant" 1251:"Balkan Mining Tycoon Arrested for Alleged Graft" 1064:Dust from our eyes: an unblinkered look at Africa 915: 913: 911: 909: 583:Beny Steinmetz was named in 282 documents in the 487:and personal adviser to the president of Guinea. 456:Steinmetz subsequently hired former FBI director 426:proceeding against the Republic of Guinea in the 1311:Eisenbud, Daniel; Shaham, Udi (14 August 2017). 1066:, Wolsak and Wynn Publishers Ltd., 2008, p. 226 244:In March 2015, BSG Capital owned a 16% share of 2371:"The amazing life and career of Beny Steinmetz" 1712:Erik Larson; Bob Van Voris (20 November 2015). 1287:"Beny Steinmetz to be released to house arrest" 889:"The amazing life and career of Beny Steinmetz" 882: 880: 878: 837:Beny Steinmetz - Businessman and Philanthropist 813:Beny Steinmetz - Businessman and Philanthropist 784:"The amazing life and career of Beny Steinmetz" 2109:London Business News | Londonlovesbusiness.com 1803: 1801: 1799: 1773: 1771: 1267:. UNCTAD Division on Investment and Enterprise 2022:Sharife, Kadije; Gbande, Silas (2017-05-10). 323:In June 2019, two months after losing in the 285:In 2017 Cunico Resources, which was based on 8: 595:as well as further details on activities in 258:As late as 2017, Steinmetz reportedly owned 2154:"The Agnes & Beny Steinmetz Foundation" 973:"13 Israelis Make Forbes' Billionaire List" 29: 18: 2396:"אירוע חגיגת עשור לקרן אניאס ובני שטינמץ" 2270:The Agnes & Beny Steinmetz Foundation 1184:Rhetoric, Knowledge and the Public Sphere 561:, on charges of the unlawful recovery of 551:On 10 March 2016, Steinmetz was indicted 372:as well as three other major newspapers. 325:London Court of International Arbitration 2469:Businesspeople in information technology 1244: 1242: 1240: 1094: 1092: 626: 466:Skadden, Arps, Slate, Meagher & Flom 210:in Israel. In 1999, he was the owner of 747:. Reuters/Keystone-SDA. 22 January 2021 735: 733: 685: 2430:The Official Website of Beny Steinmetz 2369:IEFIMERIDA.GR, NEWSROOM (2022-04-02). 1928:(in Romanian). antena3. 10 March 2016. 1376: 1374: 1229:VAN CALSTER, GEERT (22 January 2019). 1021: 1019: 887:IEFIMERIDA.GR, NEWSROOM (2022-04-02). 782:IEFIMERIDA.GR, NEWSROOM (2022-04-02). 763: 761: 526:In 2021, Steinmetz was convicted by a 16:Israeli businessman and philanthropist 2454:Israeli businesspeople in real estate 2024:"Sierra Leone's flawed diamond trade" 1987: 1985: 1216:"Diamond city — where it rains rocks" 7: 2316:"קרן אניאס ובני שטיינמץ | עמוד הבית" 1886:swissinfo.ch/ilj (22 January 2021). 1701:from the original on 2 January 2015. 706: 704: 702: 700: 224:, listed in London, was acquired by 1867:. Associated Press. 22 January 2021 1406:Besson, Sylvain (11 January 2021). 1249:Touma, Ana Maria (14 August 2017). 612:Agnes and Beny Steinmetz Foundation 559:National Anticorruption Directorate 128:Beny Steinmetz was born in 1956 in 113: 2504:People named in the Pandora Papers 2479:Israeli expatriates in Switzerland 1730:. Bloomberg News. 11 November 2016 856:Sherwood, Harriet (30 July 2013). 422:In September 2014 BSGR started an 327:a $ 2-billion arbitration against 14: 2489:People named in the Panama Papers 345:Controversies and criminal trials 617:and culture for young children. 2320:www.steinmetzfoundationnews.com 1841:. Bloomberg News. 14 April 2017 1214:Fortson, Danny (12 June 2016). 468:, as part of his defense team. 379:surrounding the development of 350:Guinea and the Simandou deposit 253:International Mineral Resources 235:In March 2014, the Swiss daily 198:, which formerly operated as a 2128:דובר, שירי (31 October 2016). 2052:Sharife, Kadije (2016-04-04). 1992:Seargent, Barry (2016-05-29). 1828:, Reuters.com, 4 January 2017. 1116:"Nikanor and Katanga to merge" 1044:Koidu Holdings Company History 384:then soon sold a 51% share to 232:, Russia, and Eastern Europe. 1: 2484:Israeli mining businesspeople 2103:Saunders, John (2022-04-11). 1625:Goodley, Simon (2019-02-25). 1338:Reguly, Eric (11 June 2018). 1114:Bream, Rebecca (2007-11-06). 475:ruling that Rio exceeded the 289:, requested arbitration with 2158:www.steinmetz-foundation.com 1192:10.3726/978-3-653-05950-2/20 771:. Mining See. 11 March 2016. 711:Farge, Emma; Denina, Clara. 593:Democratic Republic of Congo 2402:(in Hebrew). Archived from 2400:steinmetzfoundationnews.com 2322:(in Hebrew). Archived from 2189:(in Hebrew). Archived from 1218:. Times Newspapers Limited. 2520: 2494:Businesspeople from Geneva 1658:Cobain, Ian (1 May 2014). 563:Paul-Philippe Hohenzollern 188:Steinmetz and billionaire 1342:. The Globe and Mail Inc. 1146:(in Romanian). 2016-12-19 631: 424:international arbitration 28: 2499:Businesspeople in metals 2464:Israeli philanthropists 1293:(in Hebrew). 2017-08-17 1080:, Volume 54, Issue 12, 393:U.S. Justice Department 366:French court of appeals 2428:www.beny-steinmetz.org 2350:www.beny-steinmetz.org 2217:www.beny-steinmetz.org 1542:Patrick Radden Keefe, 1410:(in French). 24heures. 477:statute of limitations 573:right to a fair trial 206:firm that invests in 124:Early life and family 2449:Israeli billionaires 2326:on 23 September 2017 2241:www.scholarshipy.com 1593:. 10 September 2014. 1186:, Peter Lang, 2016, 1053:Retrieved 2012-12-15 511:He was placed under 490:On 1 December 2016, 1783:The Times of Israel 1082:Oakland, California 628: 460:, defense attorney 388:for $ 2.5 billion. 2406:on 25 October 2017 1687:(2 January 2015). 1428:. 14 February 2022 1049:2013-04-05 at the 833:"Investing in Art" 627: 377:Republic of Guinea 357:Le Canard Enchainé 262:which operates in 208:start-up companies 2294:ametz.awis.org.il 2187:www.netanya.ac.il 1998:Mail and Guardian 1914:. 3 January 2021. 1756:. 1 December 2016 1716:. Bloomberg News. 1253:. Balkan Insight. 1201:978-3-631-66633-3 1103:. Bloomberg News. 999:Minerals Yearbook 660: 659: 276:Gabriel Resources 246:Gabriel Resources 103: 102: 2511: 2416: 2415: 2413: 2411: 2392: 2386: 2385: 2383: 2382: 2366: 2360: 2359: 2357: 2356: 2342: 2336: 2335: 2333: 2331: 2312: 2306: 2305: 2303: 2301: 2286: 2280: 2279: 2277: 2276: 2262: 2256: 2255: 2253: 2252: 2243:. Archived from 2233: 2227: 2226: 2224: 2223: 2209: 2203: 2202: 2200: 2198: 2179: 2173: 2172: 2170: 2169: 2160:. Archived from 2150: 2144: 2143: 2141: 2140: 2125: 2119: 2118: 2116: 2115: 2100: 2094: 2093: 2091: 2090: 2079: 2073: 2072: 2070: 2069: 2060:. Archived from 2049: 2043: 2042: 2040: 2039: 2030:. Archived from 2019: 2013: 2012: 2010: 2009: 2000:. 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Index


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Israel
Israeli
French
Hebrew
Israel
Netanya
IDF
Belgium
Israel
South Africa
Angola
Botswana
oil
gas
Guernsey
George Soros
Koidu Holdings
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start-up companies
Tucows
Nikanor plc
Katanga Mining
Kazakhstan
Le Temps
Gabriel Resources
International Mineral Resources
Cunico Resources

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