JNS.org – American billionaire investor Warren Buffett has donated $10 million to Rambam Hospital in Haifa.
Buffett’s friend Eitan Wertheimer announced the donation at a recent event celebrating the 75th anniversary of the hospital, Globes reported.
Buffett and Wertheimer became close friends after Wertheimer sold his family’s 80-percent share of Israeli precision tool manufacturer Iscar to Buffett’s Berkshire Hathaway firm in 2006 for $4 billion. Buffett bought the remaining 20 percent of Iscar for $2.05 billion in May, with the Israeli company becoming Buffet’s largest foreign holding.
Besides Iscar, Buffett has also invested in two other Israeli companies—Agrologic, a company that designs and manufactures systems for agricultural use, and Ray-Q Interconnect, an engineering firm.