An Israeli billionaire sold his huge house and a large plot of land on Kfar Vradim in Galilee for a confusingly low price of 4 million to a NIS group of buyers, sources close to things told Globes. A group of buyers will undertake a minor renovation before reselling it at a far higher price.
Wertheimer sold the house on Zavitan Street about a year ago. The property is built on 3,300 square meters of land in the southwest of the city, at the junction of five former plots and offers a view of the Mediterranean and Rosh Hanikra.
There are three buildings on the land. The main house of 560 square meters, designed by architect Ilan Pivko, was built 20 years ago and has an uncovered veranda of 60 square meters and a spacious underground parking lot. The other two buildings have 840 square meters – one is described as a library and the other as a working space. All building rights on the land were used.
In April, Wertheimer ranked Forbes as the richest person in Israel and the 432nd richest person in the world with a fortune of $ 6.2 billion. It is estimated that he invested 50 million NIS in the construction of the house and property of Kfar Vradim.
All of this raises the question of why Wertheimer sold the property for a “miserable” 4 million NIS. There is no clear answer, but Wertheimer, who is almost 95 years old, has been living in Tel Aviv in recent years anyway and is clearly not interested in making up for the true value of the house. It is also known that Wertheimer, while the house was being completed, began a harsh divorce proceedings with his second wife Yael, which could also affect the sale. There are those in Kfar Vradim who claim that to the best of their knowledge, no one in the family has ever actually lived there.
Posted by Globes, business news in Israel – en.globes.co.il – July 7, 2021
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