Adelson ‘offered $1 billion to finance Iron Dome for Israel’

Jewish-American billionaire and Republican donor Sheldon Adelson offered US President Barack Obama to personally finance $1 billion for Iron Dome batteries set to be deployed in Israel, according to a new report in Politico.

The report stated that the money would be paid through the federal government.

Sheldon Adelson, pictured in 2014. (Ethan Miller/Getty Images, via JTA)
Sheldon Adelson, 2014 (Ethan Miller/Getty Images, via JTA)

Obama declined the offer, made in 2013, saying that private financing of munitions would not set a good precedent, Politico says.

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