Mogul's return? Lev Leviev building mansion in Savyon
The controlling shareholder in Africa Israel is currently building a grandiose home in tony town; he's been living in London in recent years, but is he intending to return to Israel?
Lev Leviev is a busy man these days. The controlling shareholder in Africa Israel is building a grandiose mansion in Savyon. Construction on the HaHoresh Street property is at an advanced stage and the residence is expected to be completed within the coming months.
Leviev has made London his home in recent years and it remains to be seen whether or not he plans to return to Israel.
In 2009, Africa Israel reached a debt settlement agreement with its creditors to the tune of NIS 7.5 billion. Leviev is now mending his relationship with the capital market, and his company is expected today to complete the institutional phase of a bonds issue in the amount of NIS 700 million.
Born in Uzbekistan in 1956, Leviev, with a current net worth of some $1.5 billion, fled to Israel with his Lubavitcher Jewish family in 1971.
He made his name undercutting the De Beers diamond cartel, striking his own deals with diamond-producing countries like Russia and Angola. He owns high-end diamond jewelry boutiques in New York, London, Dubai and Singapore, and also serves as president of the Federation of Jewish Communities in Russia.
