Difference between revisions of "Dan Gertler"
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This page imported content from Wikipedia on 28 December 2017.
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|wikipedia=https://en.wikipedia.org/wiki/Dan_Gertler | |wikipedia=https://en.wikipedia.org/wiki/Dan_Gertler | ||
|image=Dan_Gertler.png | |image=Dan_Gertler.png | ||
| + | |birth_date=1973 | ||
|image_width=240px | |image_width=240px | ||
| + | |powerbase=http://www.powerbase.info/index.php/Dan_Gertler | ||
| + | |sourcewatch=http://www.sourcewatch.org/index.php/Dan_Gertler | ||
| + | |spouses=Anat Gertler | ||
| + | |constitutes=Businessman | ||
| + | |nationality=Israeli | ||
| + | |description=Israeli billionaire businessman in natural resources | ||
| + | |employment= | ||
}} | }} | ||
| − | '''Dan Gertler''' | + | '''Dan Gertler''' is an Israeli [[billionaire]] businessman in natural resources whose grandfather, [[Moshe Schnitzer]], co-founded the [[Israel Diamond Exchange]] in 1947. Gertler recalls a business lesson his grandfather, who died in 2007, imparted to him: |
:"Dan, you meet your bankers and you ask for credit only when you don’t need it. Just to secure it. Because when you need it, it is too late.”<ref>''[https://www.bloomberg.com/news/articles/2012-12-05/gertler-earns-billions-as-mine-deals-leave-congo-poorest "Gertler Earns Billions as Mine Deals Leave Congo Poorest"]''</ref> | :"Dan, you meet your bankers and you ask for credit only when you don’t need it. Just to secure it. Because when you need it, it is too late.”<ref>''[https://www.bloomberg.com/news/articles/2012-12-05/gertler-earns-billions-as-mine-deals-leave-congo-poorest "Gertler Earns Billions as Mine Deals Leave Congo Poorest"]''</ref> | ||
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==Controversial deals== | ==Controversial deals== | ||
| − | Gertler's deals have been under scrutiny by the [[International Monetary Fund]] (IMF) and the [[World Bank]] since 2012. He has been described as controversial<ref> | + | Gertler's deals have been under scrutiny by the [[International Monetary Fund]] (IMF) and the [[World Bank]] since 2012. He has been described as controversial<ref>https://www.theguardian.com/business/2012/dec/09/enrc-congo-mining-billionaire</ref> and says of himself, he should be awarded a Nobel Prize for his "work developing the Democratic Republic of the Congo".<ref>https://www.bloomberg.com/news/articles/2012-12-05/gertler-earns-billions-as-mine-deals-leave-congo-poorest</ref> |
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The [[Panama Papers]] revealed deals carried out through [[Mossack Fonseca]] shell companies, among his many offshore companies. In November 2017, Gertler was named in the [[Paradise Papers]] documents as receiving a $45 million loan from Anglo-Swiss firm [[Glencore]] to negotiate and secure mining rights in the [[DRC]].<ref>''[https://www.timesofisrael.com/israeli-diamond-mogul-named-in-paradise-papers/ "Israeli diamond mogul named in Paradise Papers"]''</ref> | The [[Panama Papers]] revealed deals carried out through [[Mossack Fonseca]] shell companies, among his many offshore companies. In November 2017, Gertler was named in the [[Paradise Papers]] documents as receiving a $45 million loan from Anglo-Swiss firm [[Glencore]] to negotiate and secure mining rights in the [[DRC]].<ref>''[https://www.timesofisrael.com/israeli-diamond-mogul-named-in-paradise-papers/ "Israeli diamond mogul named in Paradise Papers"]''</ref> | ||
==Trump blocks DGI assets== | ==Trump blocks DGI assets== | ||
| − | Effective 21 December 2017, US President [[Donald Trump]] issued an executive order under the [[Magnitsky Act]] that specifically named Gertler among the persons whose US-based assets are to be blocked.<ref> | + | Effective 21 December 2017, US President [[Donald Trump]] issued an executive order under the [[Magnitsky Act]] that specifically named Gertler among the persons whose US-based assets are to be blocked.<ref>https://www.whitehouse.gov/presidential-actions/executive-order-blocking-property-persons-involved-serious-human-rights-abuse-corruption/</ref><ref>https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20171221.aspx</ref> In 2015 Gertler's fortune was estimated at $1.26 billion by Forbes magazine, and at least $2.5 billion according to the Bloomberg Billionaires Index.<ref>http://www.lemonde.fr/afrique/article/2016/04/07/panama-papers-dan-gertler-roi-du-congo-et-de-l-offshore_4898097_3212.html#bm1BTYRwzpAwwlwt.99 </ref> |
{{SMWDocs}} | {{SMWDocs}} | ||
==References== | ==References== | ||
Latest revision as of 00:39, 7 August 2021
 Dan Gertler      (Businessman) | |
|---|---|
 | |
| Born | 1973 |
| Nationality | Israeli |
| Spouse | Anat Gertler |
Israeli billionaire businessman in natural resources | |
Dan Gertler is an Israeli billionaire businessman in natural resources whose grandfather, Moshe Schnitzer, co-founded the Israel Diamond Exchange in 1947. Gertler recalls a business lesson his grandfather, who died in 2007, imparted to him:
- "Dan, you meet your bankers and you ask for credit only when you don’t need it. Just to secure it. Because when you need it, it is too late.”[1]
Big in the Congo
Dan Gertler is the founder and President of the DGI (Dan Gertler International) Group of Companies and has diamond and copper mining interests in the Democratic Republic of the Congo (DRC) with investments in iron ore, gold, cobalt, oil, agriculture, and banking. His Gibraltar-registered Fleurette Properties Ltd owns stakes in various Congolese mines through at least 60 holding companies in offshore tax havens such as the British Virgin Islands.[2]
Controversial deals
Gertler's deals have been under scrutiny by the International Monetary Fund (IMF) and the World Bank since 2012. He has been described as controversial[3] and says of himself, he should be awarded a Nobel Prize for his "work developing the Democratic Republic of the Congo".[4] The Panama Papers revealed deals carried out through Mossack Fonseca shell companies, among his many offshore companies. In November 2017, Gertler was named in the Paradise Papers documents as receiving a $45 million loan from Anglo-Swiss firm Glencore to negotiate and secure mining rights in the DRC.[5]
Trump blocks DGI assets
Effective 21 December 2017, US President Donald Trump issued an executive order under the Magnitsky Act that specifically named Gertler among the persons whose US-based assets are to be blocked.[6][7] In 2015 Gertler's fortune was estimated at $1.26 billion by Forbes magazine, and at least $2.5 billion according to the Bloomberg Billionaires Index.[8]
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References
- ↑ "Gertler Earns Billions as Mine Deals Leave Congo Poorest"
- ↑ "Fleurette Properties Ltd"
- ↑ https://www.theguardian.com/business/2012/dec/09/enrc-congo-mining-billionaire
- ↑ https://www.bloomberg.com/news/articles/2012-12-05/gertler-earns-billions-as-mine-deals-leave-congo-poorest
- ↑ "Israeli diamond mogul named in Paradise Papers"
- ↑ https://www.whitehouse.gov/presidential-actions/executive-order-blocking-property-persons-involved-serious-human-rights-abuse-corruption/
- ↑ https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20171221.aspx
- ↑ http://www.lemonde.fr/afrique/article/2016/04/07/panama-papers-dan-gertler-roi-du-congo-et-de-l-offshore_4898097_3212.html#bm1BTYRwzpAwwlwt.99
This page imported content from Wikipedia on 28 December 2017.Wikipedia is not affiliated with Wikispooks. Original page source here
