American business magnate Warren Buffett made a $5 million investment in Israel bonds at an event that raised $60 million.
Buffett, whom Forbes ranked as the third richest person in the world with a net worth of $60.8 billion, praised the Jewish state at a State of Israel Bonds event Sunday in Omaha, Nebraska. The 43 attendees had invested a minimum of $1 million each to spend the evening with Buffett, who serves as CEO for the American conglomerate Berkshire Hathaway.
“If you are looking for brains, energy and dynamism in the Middle East, Israel is the only place you need to go,” Buffett said.
He added: “You can tell prospective investors that I would have taken a perpetual bond if you had offered one. I believe Israel is going to be around forever.”
In 2013, Buffett made the Israeli firm Iscar his first foreign acquisition, buying the remaining 20 percent of the metalworking company after having acquired 80 percent in 2006.
Get The Times of Israel's Daily Edition
by email and never miss our top stories
By signing up, you agree to the
terms
Later in the same year it was announced that he would donate $10 million to the Rambam Hospital in Haifa.
We can't do this work alone.
The war with Iran has been draining for all of us in Israel. But when I heard about a high casualty incident – ballistic missile impacts in Arad and Dimona that left nearly 200 people wounded – I drank a cup of coffee, packed a bag, and headed south.
There, I spoke with Shilgit, the head of an after-school program for underprivileged youth. Standing outside her destroyed center, Shilgit said it was a miracle that no children were hurt and spoke about the community coming together in the hours since.
As a Times of Israel reporter, I’m committed to telling stories of resilience like Shilgit’s. But my colleagues and I can't do this alone. If you value work like this, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to keep real human reporting like this going.
— Stav Levaton, military reporter
Yes, I'll join
Yes, I'll join
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this
