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Buffett invests $5 million in Israel Bonds

Warren Buffett (Paul Morigi/Getty)

Warren Buffett (Paul Morigi/Getty)

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, Nov. 6, in Omaha.

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% of the metalworking company after having acquired 80% in 2006.

Later in the same year it was announced that he would donate $10 million to the Rambam Hospital in Haifa.



JTA

One thought on “Buffett invests $5 million in Israel Bonds

  1. Aaron Ainbinder

    On the one hand, Mr. Buffett supports the Democratic Party and, consequently, their Iran Nuclear Deal. That deal legitimized Iran in the eyes of the world, and it released $150 billion so that Iran can continue to fund itself, Hamas, Fatah and Hezbollah – all four entities seek to finish the work of Adolph Hitler.

    On the other hand, Mr. Buffett helped raise $60 million in Israel bonds….to help a country which is now even more threatened by the groups which Buffett and his Democratic Party helped fund to the tune of $150 billion.

    I am out of hands here, folks. What say you?

    Reply

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