Morris Kahn Explained

Morris Kahn
Birth Date:1930 3, df=yes
Birth Place:Benoni, South Africa
Nationality:Israeli
Occupation:Businessman
Known For:Founder and chairman of Aurec Group
Spouse:Jackie Maloon (died 2011)
Children:2, including Benjamin Kahn

Morris Kahn (born 5 March 1930) is an Israeli billionaire entrepreneur. He is the founder of Golden Pages Israel, Amdocs, the Aurec Group, Coral World and other companies. Through Coral World, he founded several marine parks around the world, including an underwater observatory in Eilat, Israel.[1] As of March 2022, his net worth is estimated at US$1.0 billion.[2] He received the degree of Doctor of Philosophy, Honoris Causa from the University of Haifa, 2024

Early life

Morris Kahn was born in March 1930[3] in Benoni, South Africa, to a Jewish family. He is the eldest child of Philip and Beattie Kahn.[4] He was an active member of the Zionist youth group, Habonim.[5]

In 1956, Kahn moved from South Africa to Israel with his wife, Jacqueline (Jackie) Maloon, and their two sons, Benjamin and David.[6] [7] [8]

Business ventures

Kahn’s business career in Israel began with a few business ventures, including a bicycle factory in Beit Shemesh in partnership with Kibbutz Tzora; and a cattle company in the Northern Galilee.

In 1978 Kahn and Shmuel Meitar founded the Aurec Group,[9] an Israeli-based private equity firm which started with investments in the cable and telecom sectors.[10] This led to the installation of a fiber optic cable from Israel to Italy, which connected Israel to the rest of the world.

His first major success began with the establishment of the Golden Pages telephone directory in Israel in 1968,[11] which led to the co-founding of Amdocs in 1982,[12] together with Shmuel and Tzvi Meitar.[13] Amdocs provides customer relationship management and billing software for big telecommunications firms. The company, which is traded on NASDAQ (revenue in fiscal 2015: $3.6 billion) currently serves more than 300 clients in more than 90 countries,[14] and has about 26,000 employees.

Aurec also owns Golden Channels, Israel's first cable company, founded in 1989[15] and Golden Lines, Israel's first international communications company, founded in 1996.

In 1997 the Aurec Group acquired 50% of Netcom, the launch of AIG Golden Insurance and Alpha Visa-Card.

He is a principal investor in Aurum Ventures and the clean tech water company Atlantium,[16] that uses UV rays to disinfect water, and N-Trig, a manufacturer of multi-touch screens for computers. In 2016 Aurum Ventures invested $3 million in a new method of diagnosing cancer developed by Noklaiks (Nucleix) Israel.[17]

Time to Know is a digital education platform which Kahn first launched as a nonprofit organization focused on improving grade school education.

Kahn, a former diver, founded Coral World International, a group of aquariums around the world in Eilat, Israel; Maui, Hawaii; Perth, Australia; St. Thomas, US Virgin Islands;[18] Coral Island Nassau, The Bahamas; Oceanworld in Manly, Australia;[19] and elsewhere.[10]

Philanthropy

Kahn supports the work of Save a Child's Heart (SACH), an organization that brings israeli doctors around the world to perform life-saving surgery and medical monitoring for children of all races, religions, nationalities, and economic status.[20] [21]

The Morris Kahn Initiative is a $4 million program to help develop pioneering cancer research at Tel Aviv University. The initiative’s aim is to develop 3D cancer modeling of live cancer tumors.[22]

"Big Data Maccabi", founded with contributions from Kahn, aims to help medical professionals diagnose illness using the information collected during blood tests, imaging and other diagnostic testing.[23]

He supports Serious Fun, a camp for children with terminal illness, and a therapeutic horse-riding camp for the disabled.

Kahn founded Zalul in 1999, a non-profit foundation which cleans bodies of water in Israel.

Kahn was also the main donor of SpaceIL, the first private company that managed a lunar mission - Beresheet. Beresheet was the first Israeli mission in deep space, the spacecraft was launched on the SpaceX Falcon 9 Launcher[24] and it was aimed to land on the moon on 11 April 2019. The attempt was unsuccessful, the spacecraft crashed into the Moon. Still the mission was seen as a success.[25] He was known to be one of the main donors for Beresheet2 - the follow-up lunar mission of SpaceIL, but eventually backed up and withdrew its funding stating that "These times obligate us to invest our resources and time in other philanthropic projects"[26]

He started the Youth Leadership Program called LEAD, dedicated to developing the next generation of leaders.[27]

Kahn is a supporter of Ben-Gurion University and the National Institute for Biotechnology of the Negev.[28]

The Morris Kahn Institute for Human Immunology was funded by Kahn.

In conjunction with the Weizman Institute, he founded the Kahn Family Research Center for Systems Biology of the Human Cell.[29]

Kahn supports the Morris Kahn and Maccabi Health Data Science Institute, to create a database for the 2.5 million members of the Maccabi Healthcare Services organization.

He sponsors an Omo Valley and Jinka, Ethiopia-based project, Jinka Eye Camp, for volunteer Israeli surgeons to perform operations to restore eyesight to people living in rural villages suffering from eye diseases such as cataracts and trachoma.[30]

Honours

Kahn was named honorary president of the 20th Maccabiah by Maccabi World Union Chairman Yair Hamburger in November 2016, and opened the Games in July, 2017 in Jerusalem.[31]

Bar-Ilan University awarded Kahn an honorary doctorate for his support, bringing state-of-the-art labs and equipment to the university.[32]

In 2018, Kahn was given a Bonei Zion Prize Lifetime Achievement Award.In 2023, Kahn was awarded an honorary doctorate by Tel Aviv University.

Personal life

Kahn has two sons, David and Benjamin Kahn, a marine biologist, who was a Time Magazine hero for his work on the environment.

Morris Kahn was married to his late wife, Jacqueline, until the time of her death in 2011.

He lives in Beit Yanai, north of Tel Aviv.[28]

Notes and References

  1. Web site: מוריס קאהן מונה לנשיא הכבוד של המכביה. www.one.co.il. 2017-01-30.
  2. Web site: Forbes profile: Morris Kahn . Forbes . 7 March 2022.
  3. Web site: AMDOCS (UK) LIMITED - Officers (free information from Companies House) . Beta.companieshouse.gov.uk . 2017-03-30.
  4. News: Community Buzz. Slier. Lionel. 10 July 2009. South African Jewish Report. 7. 30 January 2017.
  5. News: Confessions of a 'Start-up Junkie'. Georgi. Anat. 2017-05-09. Grimland. Guy. Haaretz. en. 2017-01-30.
  6. http://www.sajr.co.za/docs/default-source/pdf/2009/10-july-2009.pdf
  7. Web site: Israeli Billionaire Morris Kahn: Life Beyond the Sea . Forbes.com . 2011-03-29 . 2017-01-13.
  8. Web site: Morris Kahn: Serial entrepreneur, serial philanthropist. Spring 2016. Weizmann Institute. 30 January 2017.
  9. News: Morris Kahn: Honorary Maccabiah president is a modern Maccabean hero. The Jerusalem Post. 2017-08-03.
  10. Web site: Morris Kahn, The World's Richest People - Forbes.com. www.forbes.com. 2017-01-30.
  11. Web site: Morris Kahn - Aurec Group - Globes English. Globes. he. 2017-08-03.
  12. News: Behind the Scenes at the Company Behind the Scenes. Schechter. Asher. 2016-09-29. Haaretz. en. 2017-01-30.
  13. News: Aurec Sells Off Last Israeli Asset Golden Pages. Horesh. Hadar. 2016-10-29. Haaretz. en. 2017-01-30.
  14. Web site: Amdocs Corporate Fact Sheet. 2016. Amdocs. 30 January 2017.
  15. Web site: Cable TV Council Approves Idan Cable Network Sale to Golden Channels, Fishman - Globes English. Globes. he. 2017-08-03.
  16. News: Israel's 10 richest men and women. Israel21c. en-US. 2017-01-30.
  17. Web site: אורבימד, זהר זיסאפל ומוריס קאהן משקיעים בחברה לאבחון סרטן - גלובס. Globes. 2017-01-30.
  18. Web site: Coral World St. Thomas, U.S. Virgin Islands. www.coralworld.com. 2017-01-30.
  19. Web site: Coral World International - Company Profile. www.coralworld.com. 2017-01-30.
  20. News: לפחות העולם רואה ומבין ממה אנחנו עשויים באמת. 2016-04-12. Ynet. he. 2017-01-30.
  21. News: Saving children in Tanzania. The Jerusalem Post. 2017-01-30.
  22. Web site: Curing cancer in three dimensions?. english.tau.ac.il. en-US. 2017-01-30.
  23. Web site: 111 איש אותרו כבעלי סיכון לחלות בסרטן המעי הגס. יסעור. מיטל. 19 December 2016. Israel HaYom. 30 January 2017.
  24. News: Israeli Google Lunar XPRIZE Team Is First to Sign Launch Agreement For Private Mission to the Moon On SpaceX Falcon 9. 2015-10-09. Google Lunar XPRIZE. en. 2017-01-30.
  25. News: Israeli spacecraft Beresheet crashes as moon landing fails in final moments. 2019-04-11.
  26. Web site: Foust . Jeff . 2023-07-12 . Second Israeli lunar lander faces funding uncertainty . 2024-08-16 . SpaceNews . en-US.
  27. Web site: Public Board SpaceIL. www.spaceil.com. en-US. 2017-01-30.
  28. News: Drilling and diving with Israel's Top 10. The Jerusalem Post. 2017-01-30.
  29. Web site: Gut Bacteria, Artificial Sweeteners, and Glucose Intolerance. www.newswise.com. 2017-08-02.
  30. News: Israeli doctors give the gift of sight. The Jerusalem Post. 2017-08-03.
  31. News: Morris Kahn named honorary Maccabiah president. The Jerusalem Post. 2017-01-30.
  32. Web site: Morris Kahn. Bar-Ilan University. 30 January 2017.