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
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.