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Israeli Tycoon Sammy Ofer dies

Israeli tycoon whose business fell under suspicion of having ties with Iran found dead in Tel Aviv flat

Tani Goldstein Latest Update: 06.03.11

Israeli billionaire Sammy Ofer died Friday morning in his Akirov Tower apartment in Tel Aviv, after a prolong battle with grave illness. He was 89.

Ofer was the primary shareholder in the Ofer Brothers conglomerate, better known as Israel Corp. The latter holds the controlling interest in some of Israel's largest companies, including Israel Chemicals, Zim Shipping and the Mizrahi-Tefahot Bank, to name a few.

According to Forbes Magazine, Ofer was the richest man in Israel, and the 79th wealthiest man in the world. His fortune is estimated at $10 billion.

Prime Minister Benjamin Netanyahu expressed his grief over the Ofer's death on Friday afternoon, saying that the businessman was "a real Zionist who never forgot his commitment to hi


Added: Jun-3-2011 Occurred On: Jun-3-2011
By: aydeo
Other News, Other Middle East
Tags: Tycoon, Sammy Ofer, Forbes Magazine, Tanker Pacific, Iran
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