Lev Leviev addressing Shluchim during the 2007 banquet
JERUSALEM [JTA] — Russian Jewish billionaire Lev Leviev's Africa Israel Group announced the largest loss in Israel's history. The company lost $426 million in 2008, it announced Monday.
Africa Israel, which is 75 percent owned by Leviev, had a net loss of $637 million in the fourth quarter.
Leviev Posts $426 Million in Real Estate Loss
Lev Leviev addressing Shluchim during the 2007 banquet
JERUSALEM [JTA] — Russian Jewish billionaire Lev Leviev’s Africa Israel Group announced the largest loss in Israel’s history. The company lost $426 million in 2008, it announced Monday.
Africa Israel, which is 75 percent owned by Leviev, had a net loss of $637 million in the fourth quarter.
The company was affected by the global economic crisis and the drop in real estate value of its holdings in the United States and Russia.
Leviev has been the largest donor to Jewish education programs in the former Soviet Union. The Or Avner school network, which he founded and continues to fund, has had to cut its budget by one-third.
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Shaya B at his finest!
abc
what does this have to do with shaya? he is in the same boat.
A Shliach in Russia
Wishing R’ Lev a full recovery and that his business bounce even higher than it was before… Yesher koach for everthing!! (halevai some of the other big names would support our mosdos as much as he does)