John Farber – Billionaire

John Farber is the longtime chairman of ICC Industries, which trades basic and specialty chemicals, plastics and pharmaceuticals globally. He started the company in 1952 as a chemical trading division of his father-in-law’s textiles export-import firm, Leslie Kleyman Corporation. Farber’s family left Romania after his father’s business, United Factory for Varnishes and Paints, was nationalized following World War II. Farber first traveled to Israel before making his way to New York to study chemistry for his doctorate at the Polytechnic Institute of Brooklyn. In the 1990s he bought back his father’s old Romanian factory.

John Farber Net Worth: John Farber is a Romanian American businessman and entrepreneur who has a net worth of $1.95 billion. John Farber was born in Timisoara, Romania and is a self-made billionaire who made his money in the chemical industry. He graduated from the University of Club in Romania and earned his PhD in Chemistry from the Polytechnic Institute of Brooklyn in New York. He and his family came to the United States in 1948. Farber is the chairman of ICC Industries. ICC trades specialty and basic chemicals, plastics, and pharmaceuticals and has offices around the world. Farber formed the chemical trading division in 1952 with the predecessor to ICC Leslie Kleyman Corporation. ICC has a 37% stake in Frutarom Industries, an Israeli flavors company that Farber and his wife Maya and daughter Sandra sit on the board of. The company was listed at #148 on the Forbes Private Company list in 2012 and had $3 billion in sales. Farber has been the Chairman and Director of Frutarom Industries Ltd. since 1996. He has been the Chairman of the Board of Directors of Electrochemical Industries Ltd. since 1982.

Source:

1. forbes

2. celebritynetworth