Warren Buffett Donates $10 Million to Israeli Hospital

Wednesday, 25 Dec 2013 05:25 PM

By Todd Beamon

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Billionaire investor Warren Buffett has donated $10 million to Rambam Hospital in Israel in honor of its 75th anniversary.

The contribution was announced by in Haifa last week by Eitan Wertheimer, a longtime friend, the Israeli website Globes.com reported on Wednesday.

Wertheimer and Buffet have become close friends since May 2006, when the American's Omaha-based company, Berkshire Hathaway Inc., bought 80 percent of the Israeli precision-tool maker and developer, Iscar Ltd., for $4 billion.

The Wertheimer family owned the company, Globes reports.

This past May, Berkshire Hathaway bought the remaining 20 percent of Iscar for $2.05 billion.

Buffett, who is Berkshire Hathaway's CEO, made $37 million a day on his investments this year — increasing his net worth by a total of $12.7 billion, or 27.4 percent. His net worth is now valued at $59.1 billion.

The company owns both public and private companies.

Related Stories:

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved