Friday, January 28th | 26 Shevat 5782

November 9, 2016 10:38 am

Warren Buffett Raises $60 Million for Israel Bonds, Says Jewish State Will ‘Be Around Forever’

avatar by

An ebullient Warren Buffett welcomes Israel bond investors Sunday to Omaha, Nebraska. Photo: Stacie Kinney.

An ebullient Warren Buffett welcomes Israel bonds investors Sunday to Omaha, Nebraska. Photo: Stacie Kinney. – American billionaire Warren Buffett organized an event Sunday that raised $60 million in investments in Israel bonds.

In Omaha, Nebraska, which is home to the headquarters of Buffett’s Berkshire Hathaway conglomerate holding company, the business magnate hosted 43 investors who each made a minimum $1 million new investment in Israel bonds. Buffett himself invested $5 million. The bonds are sold through the Development Corporation for Israel/Israel Bonds, a broker dealer that underwrites securities issued by the state of Israel in the United States.

“You can tell prospective investors that I would have taken a perpetual bond if you had offered one. I believe Israel is going to be around forever,” Buffett said at the event, according to remarks distributed to the media.

“If you are looking for brains, energy, and dynamism in the Middle East, Israel is the only place you need to go,” he added.

Related coverage

January 28, 2022 1:42 pm

Barnes & Nobles Removes From Website Copies of Notorious Antisemitic Text Claiming Jews Seek World Domination

The Barnes & Nobles bookseller removed from its website earlier this week copies of an infamous antisemitic text that falsely...

Buffett’s net worth is $66.4 billion, according to Forbes, placing him third on the business magazine’s latest list of the 400 wealthiest people in America.

Sunday’s event “tells me that Warren Buffett, famed for his investment expertise, continues to view Israel as a sure bet,” Israel Bonds President & CEO Israel Maimon said in a statement.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.