Elie Horn

Elie Horn
Born 1944 (age 71–72)
Aleppo, Syria
Nationality Brazil
Occupation businessman
Known for founder and principal of Cyrela Brazil Realty

Elie (Eli) Horn, born in 1944 in the city of Aleppo in Mandatory Syria, is a Brazilian-Jewish businessman and philanthropist operating in Brazil, and president of Cyrela Brazil Realty. As of 2010 he is reported to have a net worth of $2.2 billion.[1][2]

Biography

Elie Horn was to a Jewish family in Aleppo (then under the French Mandate for Syria).[3] His family emigrated to Brazil when he was 11.[3] 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.[3]

Since 2006, Horn has been on the list of Forbes billionaires.

Cyrela Brazil Realty

Main article: Cyrela Brazil Realty

Horn is a controlling shareholder in Cyrela Brazil Realty[4] 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.

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.[5]

Business philosophy and achievements

Horn is described by Forbes as a:

"Real estate magnate founded Cyrela Brazil Realty in 1978; built it into largest developer of high-end residential buildings in Sao 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 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. They were also joined by Brazilian billionaire Elie Horn."[7]

In 2015, He and his wife Susy signed Warren Buffet's The Giving Pledge, pledging to donate more than half their wealth over their lifetime to charitable causes. Elie was the first Brazilian to do so.

References

  1. ↑ The World's Billionaires #437 Elie Horn (03.10.10). Forbes.com http://www.forbes.com/lists/2010/10/billionaires-2010_Elie-Horn_U8CZ.html. Retrieved 7 September 2011. Check date values in: |date= (help); Missing or empty |title= (help)
  2. ↑ "Elie Horn". Forbes.com. March 2011. Retrieved 7 September 2011.
  3. 1 2 3 Jewish Telegraph Agency: "Jewish billionaire first Brazilian to join Gates and Buffet’s Giving Pledge" December 1, 2015
  4. ↑ "Cyrela Brazil Realty's Elie Horn: 'My Strategy Now Is to Stay Quiet'". Knowledge@Wharton. December 18, 2008. Retrieved 7 September 2011.
  5. ↑ "Cyrela Brazil Realty's Elie Horn: 'My Strategy Now Is to Stay Quiet'". Knowledge@Wharton. December 18, 2008. Retrieved 7 September 2011.
  6. ↑ The World's Billionaires #437 Elie Horn (03.10.10). Forbes.com http://www.forbes.com/lists/2010/10/billionaires-2010_Elie-Horn_U8CZ.html. Retrieved 7 September 2011. Check date values in: |date= (help); Missing or empty |title= (help)
  7. ↑ Tucker, Nati (06.09.11). "The ultra-Orthodox can't all study all the time". Haaretz. Retrieved 7 September 2011. Check date values in: |date= (help)
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