Buffett Donates $10 Million To Haifa Hospital

Posted on 12/26/2013 by




American billionaire Warren Buffett is donating $10 million, which comes out to approximately how much he makes in seven hours, to Haifa’s Rambam Hospital, in honor of the medical facility’s 75th year.

Warren-Buffet

By Jewish Press

The contribution was announced by Eitan Wertheimer, according to Globes business newspaper. Buffet paid the Wertheimer family $6 billion in 2006 and this past May for all of the shares of the Iscar toolmaking company, his first acquisition in Israel.

His closeness with the Wertheimers and his stated love of Israel as a pot of gold for investors now has paid off for Rambam. Buffett made approximately $37 million a day this past year, based on an estimated $12.7 billion increase in his net worth in 2012, thanks to the raging bull market in the United States.

However, Buffett will have to settle for being only the second richest American with a new worth of only $59.1 billion. First place was taken over by Microsoft founder Bill Gates, whose net worth is now estimated at $61.1. So far he has not donated to Rambam.

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