web analytics
September 16, 2014 / 21 Elul, 5774
At a Glance
News & Views
Sponsored Post
Apartment 758x530 Africa-Israel at the Israel Real Estate Exhibition in New York

Africa Israel Residences, part of the Africa Israel Investments Group led by international businessman Lev Leviev, will present 7 leading projects on the The Israel Real Estate Exhibition in New York on Sep 14-15, 2014.



Wealthy Argentine Chabadnik Set to Take over Israel’s Giant IDB

We don’t pretend to know how and why God works, but it can be speculated that the financial disaster of Israel’s giant IDB was the way for a Chabad Jew to enter Israel’s secular Big Business elite.
Black kippahed Eduardo Elztain is set to be part of a consortium that will control one of Israel's largest conglomerates.

Black kippahed Eduardo Elztain is set to be part of a consortium that will control one of Israel's largest conglomerates.

Eduardo Elsztain, Argentina’s richest man and a follower of Lubavitch-Chabad, along with Israeli entrepreneur Motti Ben-Moshe, is set to take control of 75 percent of Israel’s giant and debt-ridden IDB Holding conglomerate that has its fingers in supermarkets, paper, mobile phone, insurance and cement companies.

Credit holders have overwhelming voted for Elsztain and Ben Moshe to enter and take control from Nochi Dankner, who says he will put up a fight against the buy-out.

Israel’s Big Business elite, approximately seven companies that control more than half of the manufacturing in the country, is dominated by Israel’s richest families, almost all of them left-leaning and secular, a term that does not necessarily mean anti-religious and often includes men like Dankner who observe traditions and are respectful of Judaism.

The entry of a Haredi could be a sign of something spiritual happening, or it could not.

The facts are that Elztain’s representative in Israel has been Shlomo Lapidus, a Haredi businessman and also from one of the wealthiest families in Buenos Aires. A textile company founded by his father is translated into English as “With G-d’s Help.”

Elsztain is president of Chabad, has served as treasurer of the World Jewish Congress, founded Hillel in Argentina and is a big investor in the Taglit-Birthright program.

Big Bucks execs like to jet around the world and visit expensive hotels, but Elsztain does not let that keep him from visiting the graves of righteous Jews when he visits Israel.

This may not be a new trend, but it bears watching.

Wouldn’t it be interesting to see a chain of markets in Israel welcoming buyers with an image of the Rebbe?

About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

3 Responses to “Wealthy Argentine Chabadnik Set to Take over Israel’s Giant IDB”

  1. Rina Gray says:

    Maybe now this conglomerat start to work without debt.

  2. I would absolutely love to see an chain of food stores that were run and stocked by Jewish person ,whom quality mattered.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
A scene from the opera "Death of Klinghoffer." Protests at Lincoln Center start Sept. 22, at 4:30.
Klinghoffer: Pretending Art Means Never Having to Say You’re Sorry
Latest News Stories
Tourists  ride segways down a promenade in Tel Aviv.

The US warns people to buy gas masks if visiting, Israel warns of world-wide anti-Semitism.

Unwelcome sign for Jews.

This happened in Britain in 2014, not in Germany in 1939.

A scene from the opera "Death of Klinghoffer." Protests at Lincoln Center start Sept. 22, at 4:30.

The Met’s upcoming opera trivializes the murder of Jews, pretends Jews have no connection to Israel, and portrays terrorists as victims.

Toy doll filled with ammunition was discovered in package destined for Uzbekistan.

Never, never, never take packages from someone without knowing what is inside.

Anti-radical Islam begins to trump anti-Semitism.

The presence of ISIS has created a “great need” for Hezbollah to remain in Syria, says an official from the Lebanese terror group’s executive council.

Gadi Yarkoni, the last person injured during Operation Protective Edge, was released today from Soroka Hospital in Be’er Sheva.

Hamas denies its politburo chief Khaled Meshaal will leave Qatar; the monarchy evicted Egypt’s Muslim Brotherhood leaders.

United Nations peacekeepers are pulling out of Syria and heading for the Israeli side of the border due to deteriorating security.

Police arrest three in connection with anti-Semitic vandalism in Sderot, including slathered green swastikas and dripping red Satanic symbols.

Yaalon revealed that most of the “8200″ signers do not do reserve duty, and the few that do, haven’t done any in years.

Residents of Gaza Belt communities in the south headed for bomb shelters on a false alarm at midday Monday. Northern Israel was hit earlier.

11:41am Talk about really bad timing. Sirens heard in Shomron communities were an (unannounced) siren test in the community of Maaleh Shomron. The siren was heard in Karnei Shomron, Ginot Shomron, Yakir, Nofim and Emmanuel. It was *only* a test. 11:39 am OK. Now this is just strange. Rocket Siren heard in Karnei Shomron (in the Shomron) […]

12:04pm IDF says there was no rocket launch at Israel from Gaza. Gazan sources say a rocket misfired and landed inside Gaza. No explosions or rocket landings were heard inside Israel. Conclusion: It’s more likely that no rocket was launched and it was a false alarm. We will update this article, if we learn something new. […]

PLO chairman Mahmoud Abbas reportedly plans to ask French Pres. Francois Hollande to recognize the Palestinian Authority as a sovereign nation.

For the first time ever, Israel appoints a woman to serve as ambassador to an Arab country. Einat Schlein is posted to Jordan.

More Articles from Tzvi Ben-Gedalyahu
Tourists  ride segways down a promenade in Tel Aviv.

The US warns people to buy gas masks if visiting, Israel warns of world-wide anti-Semitism.

Muslim believers in Allah throw rocks at Jews on the Temple Mount.

Just to make the score even, police also arrested a Jew

Israelis in the Golan Heights are caught between a rock and a hard place.

“I will kill all of you,” said the drunken gunman, annoyed at the nerve of a truck blocking traffic.

Video cameras instead of rifles might make roads safer against rock-throwers.

Jerusalem once divided by barbed wire, now is divided by Arab rock-throwing terrorists.

No, she is not Tony Blair’s sister-on-law. She is one of 200 British women in the evil ISIS. May she be granted her wish to God for martyrdom.

Printed from: http://www.jewishpress.com/news/wealthy-argentine-chabadnik-set-to-take-over-israels-giant-idb/2013/12/09/

Scan this QR code to visit this page online: