The death of Sammy Ofer, who was born in Galati and became the richest man in Israel, led to the division of property between his two sons, Idan and Eyal, the latter investing for over 300 million euros in real estate in Romania.
Bloomberg news agency in an analysis done an overview of how it came to be divided the wealth of one of the most powerful tycoons in Israel. Of the two sons, Eyal holds the office building of the Willbrook Otopeni, was the owner of the controversial building Cathedral Plaza and invested a total of over 300 million euros in real estate in Romania.
Dividing the huge fortunes of Sammy Ofer was done peacefully as possible after his death in 2011. Basically, it was like the lottery, but one with only two tickets, each providing earnings billion dollars.
"Basically I pulled each envelope. That was all. Simple, no drama, "says younger brother, Idan, aged 61 years.
The same they split the two Van Gogh and Picasso paintings and the rest of their father's art collection. Other assets of the family, real estate, bank shares, particopaĊ£ii the largest chemical company in Israel, were shared equally by each brother earlier involvement in business.
Eyal (66) took the Mizrahi Tefahot stakes Bank, the developer and operator Melisron Ltd cruise Royal Caribbean Cruises. Idan took control of the largest public holding in Israel and more investment in the technology.
Misfortune and appetite for risk were different but the development assets of the two brothers are completely different. On the one hand, Idan was affected by lower prices for goods, investment and uninspired increasingly difficult situation on the market in Israel. On the other hand, Eyal has increased his fortune by building office buildings and hotels in the US and Europe. In 2013, when the division of the property was completed, each of the two brothers were worth more than six billion dollars. Meanwhile, Idan's fortune was reduced to 3 billion dollars, and his brother grew to $ 8.6 billion, according to the Bloomberg Billionaires Index.
Eyal's portfolio now includes over 50 properties in four countries at a Travelodge hotel in London on luxury projects such as Tower Central Park West in Manhattan, where a suite costs up to 88 million dollars.
Ofer family history begins in Romania in the 1920s, and its relationship with local market does not stop at Eyal. Sammy Ofer and his brother Yuli was born in 1920 in Galati, their family emigrating to Israel in 1924. The two brothers started a business in shipbuilding and became the richest men in Israel, with a total wealth 10.3 billion in 2011. the Group companies of the two was divided by them during life to prepare succession and real estate businesses, meeting the company Melisron, they went to Yuli. After the death of Yuli Ofer, all in 2011, his daughter, Liora, won a lawsuit with her brother Doron, on inheritance and thus gained control Melisron. Past year have been rumors in the press in Israel that the Melisron take acquisition of assets in Romania calculation of Africa Israel in AFI Cotroceni portfolio that is Palace Mall.
