Israel

Warren Buffett Invests $5M in Israel Bonds, Praises Country’s “Brains, Energy and Dynamism”

Berkshire Hathaway CEO Warren Buffett invested $5 million in Israel Bonds at an event in Omaha on Sunday, participating in a fundraiser that netted a total of $60 million for the bonds.

“If you are looking for brains, energy and dynamism in the Middle East, Israel is the only place you need to go,” said Buffett, whom Forbes ranks as the world’s third-richest man with a reported net worth of $60.8 billion.

“You can tell prospective investors that I would have taken a perpetual bond if you had offered one,” he added. “I believe Israel is going to be around forever.”

Buffett called Israel “the most promising investment hub” outside of the United States when he completed his purchase of the Israeli toolmaker Iscar in 2013.

Berkshire Hathaway made a $22.5 million investment in the Israeli cell phone technology company eVolution Networks in 2014.

This past June, the estate of Howard and Lottie Marcus, Holocaust survivors who had made a fortune investing with Buffett, left a historic $400 million bequest to Ben-Gurion University, which is believed to be the largest individual gift ever made to an Israeli university. “Knowing them, it comes as no surprise that they elected to use their financial success to enhance the lives of thousands of Israeli young people,” Buffett said in a statement.

[Photo: USA White House / WikiCommons ]