Warren Buffett donates $10 million to Israel’s Rambam Hospital

(JNS.org) American billionaire investor Warren Buffett has donated $10 million to Rambam Hospital in Haifa.

Haifa's Rambam Hospital. Credit: Wikimedia Commons.

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.

Posted on December 31, 2013 .