Five Baltimoreans Invest $1M in Israel Bonds at Warren Buffett Event

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Warren Buffett smiles with Bill Fox of Baltimore. (Provided)

Investor and philanthropist Warren Buffett hosted an event that raised more than $80 million for Israel Bonds June 7 in Omaha, Nebraska, where he lives.

All 70 people who attended the event each made a new investment of at least $1 million in the Development Corporation for Israel, known as Israel Bonds. The event was hosted at the University of Nebraska Medical Center’s Fred & Pamela Buffett Cancer Center.

Among those in attendance were Baltimoreans Bill Fox, chairman and CEO Fox Commercial Auctions, LLC; David Berman, CEO of Berman McAleer; David Naftaly; Rony Natanzon of SIB USA, LLC; and Michael Sachs, former owner of Party City. Israeli dignitaries also attended.

“Mr. Buffett — I’ll use a Yiddish term — is a mensch of mensches,” said Fox, who invited the others to the event.

Fox sat at Buffett’s table during dinner — at least before the 87-year-old magnate took a seat on a riser to answer questions.

“And while everybody ate dinner for what could have been two to two and a half hours, he sat there and answered any and every question,” said Fox, who is on the national board of Israel Bonds.

This is the third such event Buffett has hosted in 18 months, raising a total of $290 million for the organization.

The bonds are loans for non-military, non-security economic development projects.

Fox thinks that Buffett, whose first major overseas acquisition was Israeli tool company ISCAR Metalworks in 2006, believes in the Jewish people.

“He sees the state of Israel, with all its issues and warts and problems — social, security, economic — as a bastion of freedom and democracy in an area where there’s so little of that,” he said. “He admires … what Israel has accomplished as a country and what it has contributed to humanity and society.”

mshapiro@midatlanticmedia.com

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