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Thursday, July 28, 2011

Five myths about Israel's tycoons - Globes

Five myths about Israel's tycoons - Globes: "Tshuva, a multibillionaire according to rankings by Israeli and foreign magazines. It is highly unlikely that he can personally pay NIS 500 million, even if he wants to. And what is true for him is also true about his fellow members in the tycoons club, some of whom have already gone through debt settlements in the past few years.
The myth about the tycoon's endless wealth is not the only prevailing myth about them. Here are some others.
Tycoons have a Midas touch in their investments
Reality: Like any investor, Israel's tycoons have made both good and bad investments."

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