Erel Margalit

Quick Facts

Full Name	Erel Margalit
Occupation	Politician
Date Of Birth	Jan 1, 1961(1961-01-01)
Age	63
Birthplace	Na'an
Country	Israel
Birth City	Central District
Horoscope	Capricorn

Erel Margalit Biography

Erel Margalit is one of the most popular and richest Politician who was born on January 1, 1961 in Na'an, Central District, Israel. Erel Margalit (Hebrew: ArAl mrglyt ; born January 1, 1961) is an Israeli social and high-tech businessman. He is the co-founder as well as the Executive Chairman for Jerusalem-based venture capital company Jerusalem Venture Partners (JVP) as well as also the founder of two non-profit groups “Bakehila” and “Israel Initiative 2020” which established seven areas of excellence that integrate education and technology. He was an elected Member of the Knesset for the Labor Party, from election in January 2013 until his resignation in October of 2017. Under Margalit’s guidance, JVP has raised over $1.4 billion in nine funds that span the entire spectrum of venture capital. He also has been the main force behind some of the largest exits from Israel. Forbes the world’s leading business publication selected Margalit as its top-ranked venture capitalist from outside the United States on its famous “Midas (The Golden Touch) List.” The Marker Magazine named him the most successful venture capitalist of Israel.

The year 1993 was the time Erel Margalit established the JVP investment fund. He developed a model that combines an active management method and a plan to create one of the largest markets in international commerce. Under his direction, JVP has been instrumental in the transformation of hundreds of high-tech companies to global companies operating in Israel and Europe, the United States, Europe and Asia. Under his direction the JVP Fund currently runs investments in the amount of $1.4 billion in eight funds, which span the entire spectrum of venture capital. It also has managed some of the most significant exits from Israel. They include those of the $4.8 billion purchase of Chromatis for Lucent Technologies, the listing and sale of Netro for $5.5 billion as well as for instance, the NASDAQ listing and eventual selling of Cogent Communications (NASDAQ: CCOI with a current value of $2.7 billion) as well as the listing and eventual sale of QlikTech for $2.6 billion (NASDAQ QLIK) and the listing of CyberArk for $2.5 billion (NASDAQ: CyberArk). With more than 130 investments, 12 public offering of shares on NASDAQ and numerous sales to industry. In October of 2018 JVP was named one of the companies by New York City Economic Development Corporation (NYCEDC) has named JVP as one of its partners in the Cyber NYC initiative along with academic institutions such as New York University (NYU) and Columbia University. It’s called Cyber NYC JVP is the operator of Cyber NYC’s investment subsidiary, Hub.NYC, which will concentrate on growing-stage startups and also provide access to clients as well as business assistance.

During the 2005 election campaign, Margalit was one of the first businessmen to support Amir Peretz in the general elections. He joined the Labor Party and expressed his support of Peretz’s social agenda. Margalit promoted his vision of economic growth whereby the ultra-Orthodox and Arab populations would be integrated in the labor market in Israel, thus taking them out of poverty and alleviating pressure on the middle classes. In addition, Margalit presented a plan for bringing the communities of Israel’s geographic periphery closer to the center of the country, both economically and socially.

In 2006, Erel Margalit formed and developed the new Media Quarter in and around the historical train station compound in Jerusalem. With over 200 dynamic entrepreneurs in the Business, Social and Cultural enterprises, the JVP Media Quarter houses start-ups, VC fund JVP, early stage initiative- JVP Play, Our Crowd incubator- Labs/02, the performing arts hub – “Zappa Jerusalem in The Lab,” the social profit organization – “In the Community” (Bakehila), as well as a restaurant and a nightclub.

After returning to Israel in the year 1990 Margalit was employed in the Jerusalem Development Authority under Uzi Wexler. He was responsible for promoting the development of businesses and technological entrepreneurship in Jerusalem. At the time he was in close contact alongside Teddy Kollek. He also collaborated in collaboration with American governors, including Mario Cuomo of New York, Pete Wilson of California, James Florio of New Jersey and Rodney Wallace of Massachusetts. Margalit was instrumental in bringing hundreds of tech companies to Jerusalem with the goal of making the city an advanced technology capital of Israel. In just three years, he was successful in getting in over 70 big technology firms which included Digital as well as IBM. On June 24, 1994, Margalit resigned from JDA JDA and started an independently- focused career.

Erel Margalit Net Worth

Erel Margalit is one of the richest Politician from Israel. According to our analysis, Wikipedia, Forbes & Business Insider, Erel Margalit 's net worth $5 Million. (Last Update: December 11, 2023)

In 1969 the year 1969, when Margalit was just eight years old the family was sent on a mission trip to Detroit, Michigan where his father was the headmaster of an nearby Hebrew school. In High School in Michigan, Erel became a point guard for a regional basketball squad. After his return in Israel in 1971 the family settled in Karmiel prior to moving into Jerusalem. He was a student at Rene Cassin High School and continued to play basketball in the school. Recognizing his talent resulted in an invitation to be a part of an Israeli youngsters’ team however He declined the offer in favor of working in the IDF military unit. He was a part of the Brigade’s “Orev” unit as an operational officer, eventually achieving his rank as a sergeant major. In 1982, as a reservist and 1983, he was a soldier for the First Lebanon War with the IDF’s anti-tank airborne division.

Margalit has studied philosophical studies along with English literature at Hebrew University of Jerusalem, where he met his eventual wife. In 1985, Margalit moved from Jerusalem to New York to attend Columbia University where he pursued an advanced degree in logic and philosophy. In the course of his studies, he was introduced to Michael Porter’s “The Competitive Advantage of Nations,” which informed his dissertation for doctoral study on the subjectof “The Entrepreneur as a Leader in the Historical Process.” that he wrote in 2007.

In 2002, Marglit founded the social organization Bakehila (בקהילה “In the Community” in Hebrew) as a means of reducing the socio-economic gap affecting disadvantaged children in Jerusalem. Bakehila runs educational programs in lower socioeconomic neighborhoods of Jerusalem with the goal of raising the students’ academic achievements, and promoting the children’s personal and interpersonal growth. Thousands of students from Jerusalem have attended the program during its first eight years. In 2012, Bakehila opened an educational enrichment center in the Arab neighborhood of Beit Safafa. In 2018, Bakehila began working in underprivileged neighborhoods in Kiryat Shmona.

Height, Weight & Body Measurements

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Who is Erel Margalit Dating?

According to our records, Erel Margalit is possibily single & has not been previously engaged. As of December 1, 2023, Erel Margalit’s is not dating anyone.

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Erel Margalit was born in kibbutz Na’an, the eldest of three siblings. His father, Itzik Margalit, was an officer in the IDF Armored Corps and one of the founders of moshav Kfar Haim, and his mother, Mickey, was a founding member of moshav Avihayil. On his mother’s side, he is descended from Jews who immigrated to what was then Ottoman Palestine from Bulgaria in the 19th century, prior to the beginning of the First Aliyah. He is a descendant of Shmuel Tagir, one of the founders of Tel Aviv.

Facts & Trivia

Erel Ranked on the list of most popular Politician. Also ranked in the elit list of famous people born in Israel. Erel Margalit celebrates birthday on January 1 of every year.