Breaking News

Warren Buffett Donates $10 Million to Israel’s Rambam Hospital

JNS.orgAmerican billionaire investor Warren Buffett has donated $10 million to Rambam Hospital in Haifa. Buffett’s friend Eitan Wertheimer announced the donation at a recent event celebrating the 75th anniversary of the hospital, Globes reported. Buffett and Wertheimer became close friends after Wertheimer sold his family’s 80-percent share of Israeli precision tool manufacturer Iscar to Buffett’s Berkshire Hathaway firm in 2006 for $4 billion. Buffett bought the remaining 20 percent of Iscar for $2.05 billion in May, with the Israeli company becoming Buffet’s largest foreign holding. Besides Iscar, Buffett has also invested in two other Israeli companies—Agrologic, a company that designs and manufactures systems for agricultural use, and Ray-Q Interconnect, an engineering firm. …read more Source: The Algemeiner

Please ShareShare on FacebookTweet about this on TwitterShare on Google+Share on LinkedInShare on StumbleUponPin on PinterestEmail this to someone

Jewish Content

Posted by on January 1, 2014. Filed under Israeli News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.