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Re: Stately post# 19476

Friday, 02/05/2016 4:26:18 PM

Friday, February 05, 2016 4:26:18 PM

Post# of 20775
Here is something I found in an Isreali google group:

6. Benjamin Jesselson, $350m.
American-born Jesselson, 51, along with his two brothers, Michael and
Daniel, inherited their father Ludwig's fortune. Ludwig founded Phillip
Barders, a commodities trading company which dealt in oil and metals. He
later merged it with investment giant Solomon Smyth Barney and the
Jesselsons became the largest shareholders in the firm. Brother Michael
currently manages the family's holdings in the US while Benjamin does the
same in Israel.

Jesselson made aliya in the late Seventies and is a Jerusalem resident. He
runs Promedico, a former Teva subsidiary which imports drugs from
multinational companies such as giant Pfizer. Promedico has annual sales of
some $400m. Jesselson also formerly owned a stake in Mirabilis, the designer
of the famous ICQ program, and has a 1.5% stake in Elite Food Industries.

He has had a couple of run-ins with the law. Last year he was acquitted on
charges of helping businessman Shlomo Eisenberg deceive shareholders and
manipulate a vote in the Arad investment company. In 1998, he was acquitted
of mismanagement with intent to deceive in tax fraud charges brought against
Teva CEO Eli Hurvitz and senior managers of Promedico. He was, however,
charged with tax evasion, and acquitted in 2000.

Jesselson is a major supporter of the Shaare Zedek Hospital and helped
establish the hospital's Heart Center which bears the family name.


ABM

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