Idan Ofer is one of two sons of shipping magnate Sammy Ofer, who died in 2011 and was once Israel's richest man. Ofer's Eastern Pacific Shipping operates a fleet of over 200 bulk, container and crude oil ships. He also owns 51% of Israel Corp., a publicly-traded chemicals, energy and shipping conglomerate. Israel Corp. spun off its power, transportation & shipping units into a listed firm called Kenon Holdings in 2015; Ofer is a controlling shareholder. Ofer owns a 32% stake in Spanish soccer team Atletico de Madrid, as well as an 85% stake of Portuguese soccer club FC Famalicao.