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December 31, 2013 6:35 pm

Warren Buffett Donates $10 Million to Israel’s Rambam Hospital

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Haifa's Rambam Hospital. Photo: Wikimedia Commons.

JNS.orgAmerican 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.

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