He is blissfully married to his spouse Judy Tanenbaum. The storage or technical access is necessary for the purpose of legitimate interest to store preferences that are not requested by the subscriber or user. In 1984, Schwartz founded Onex Corporation with 50 million dollars in private equity. He supports many organizations and health and education initiatives. According to Sprott, almost 90% of his investments outside of Sprott Inc., are in gold and silver. These ventures include youth programs in racialized communities as well as scholarship opportunities. Larry Tanenbaum is best known for his position as chair of Maple Leaf Sports and Entertainment, the company that owns four major league sports teams: the Toronto FC, Maple Leafs, Raptors and Argonauts. Choisissez parmi des contenus premium de George Obrien Holding de qualit. The money comes from a major share in EL Financial Corporation holding company, which is an insurance and investment firm. All Scopri foto stock e immagini editoriali di attualit di George Obrien Holding su Getty Images. The married pair have been involved in charity and philanthropic activities together. Those typically Canadian industries like mining, oil and gas, and forestry made people very rich, as did listing their business on the Toronto Stock Exchange (TSX), real estate, radio, and a lot of hard work. Therefore, we can assume that Larry Tanenbaums net worth must be a notable amount. By the 1960s, Feldberg was running the company. No one would call her a star but she did act in several television series in the 1990s and even appeared in a video game. They pioneered the idea of mining royalties. And, sometimes people mix him up with another familiar MLSE face. During the 1990s, Tanenbaums preference for limited press exposure became more difficult as he became increasingly active in the world of professional sports. Storage or technical access that is used exclusively for statistical purposes. With MLG's purchase. Peter Thomson is the co-chair of Woodbridge, which manages the investments of the Thomson family. He was born in Winnipeg and is a chartered accountant. Jack Cockwell is in the Canadian Business Hall of Fame and a member of the Order of Canada. He started building duplexes before expanding to the big leagues with office towers, apartments and malls all over the US and Canada. Morguard Corporation (MRC: TSX) is a real estate operating company. Kilmer also hasor hashadsignificant investments in various sports-related entities, including Insight Sports Ltd., a leading sports media company involved in the creation, production, and broadcasting, on all platforms, of sports and related lifestyle content andwhich itself hadinvestments in several Canadian specialty television services including The NHL Network, Score Media and the World Fishing Network (WFN). He works extraordinarily hard, but thats what successful people do.. Tanenbaum sat on the board of Borealis Capital Corp. with Lastmans son, Dale. Larry Tanenbaum's net worth as of 2022 is estimated to be 1.5 billion according to the local report. Toronto, ON M2R 3V2 416.631.5703 jewishfoundation@ujafed.org. Sprott studied at Carleton University and started out his career as a research analyst at Merrill Lynch. That would eventually help him land some major waste management contracts in Toronto and other cities. . He invested in fintech. Eventually, he bought Morguard properties and a portion of its. Originally named Fidani and Sons, Orland Corporation is headquartered in Mississauga, just west of Toronto. He was a significant shareholder of the cable company. Kilmer has a long history of private equity investment, beginning in 1975 as a significant shareholder of CUC Broadcasting, where Tanenbaum served on the board of directors and the executive committee of the company. Gerald Schwartz is in the Canadian Business Hall of Fame and has been given the Order of Canada. In June 2012, he was awarded an honorary degree of Doctor of Laws, by St. Michael's College at the University of Toronto. It is also believed that Eric Sprott is worth $ 1.67 billion, according to Canadian Business. Stephen Smith is one of the richest Canadians living in Toronto. Friday night is family night. . Through acquisitions and expansion, Samuel has offices in Canada, the US, and Mexico. November 22, 2017 Toronto Argonauts In the 1950s, the familys five brothers emigrate to Toronto, Canada. Her father came to Canada with nothing after the Holocaust. The Order of Canada is the centrepiece of Canadas honors system and represents its highest civilian award. He was as gracious in defeat as he was in the all the victories.. To order Passionate about personal finance and financial technology, Arthur Dubois is a writer and SEO specialist at Hardbacon. Under his direction KVNdeveloped into a multi-faceted civil engineering construction companywith operating divisions and subsidiaries covering road building and paving, ready-mix concrete, aggregates, heavy construction, trucking and pipe manufacturing. He was born in what is now Pakistan, but he and his family left everything behind in 1947 and went to India. In 1998 Mr. Tanenbaum was an active force in the acquisition of the Toronto Raptors basketball team and the Air Canada Centre, which, with the Toronto Maple Leafs, formed Maple Leaf Sports & Entertainment Limited. Shes not your average billionaire. Kilmer is also part of the consortium that has acquired the passenger terminal operations at Billy Bishop Toronto City Airport. This simple trucking business eventually turned into the Super Carnival grocery chain which was sold to Metro-Richelieu. He went from bankrupt to billionaire. The company listed on the Toronto Stock Exchange for the first time in 1987. He helped revive Brascan through brilliant real estate deals, including buying Olympia and York in 1996. In addition to packaging, the Kim-Tam logistics division brought trucking services into the group. Then they lived like kings, The Homecoming Club: Five families on leaving Toronto, regretting it and finding their way home, At 80, John Irving still has plenty to say: about Trump, about abortion, about tattoos, about everything, A look behind the scenes of Kent Monkmans latest show, This developer sold pre-construction townhouses for $400,000. Tanenbaum received a standing ovation last week from staff when it was announced hed remain chair, even though new owners Rogers Communications and Bell will equally share 75 per cent of the company. Storage or technical access is necessary to create user profiles in order to send advertisements, or to track the user across a website or multiple websites for similar marketing purposes. Beutel was one of the largest pension fund management companies. Forbes magazine puts Sahis fortune at $1.38 billion ($1.1 billion USD). Mr. Tanenbaum served as Chairman of Warren, which, until its merger with Lafarge North America, was Canadas largest national asphalt paving company with operations serving approximately 44 communities. Those typically Canadian industries like mining, oil and gas, and forestry made people very rich, as did listing their business on the Toronto. Republication or distribution of this content is Get 20% off your annual subscription! Hes a foodie, whose wife Judy was known to pinch menus from cool restaurants like the Palm Beach Grill in Florida to help build e11evens kitchen. In recognition of his contributions in the areas of philanthropy, business and volunteerism, Mr. Tanenbaum was appointed an Officer of the Order of Canada on October 25, 2007. Max Tanenbaum was a man of his word . Tanenbaum sits on the board of Mount Sinai Hospital and Right to Play, and he is a major contributor to the United Jewish Appeal. Along with Alberts business partners, Greenwin Construction remade the face of Toronto. + Is Term Life Insurance Better Than Whole Life Insurance? The company has offices in major cities in Europe, Asia, and North America. In 1984, Schwartz founded Onex Corporation with 50 million dollars in private equity. At the time of its sale in 1994 CUC was Canadas fifth largest cable company. Then he tried to get the basketball franchise but lost it to the Bitove (family). E-L Financial Corporation Ltd. trades on the Toronto Stock Exchange (ELF: TSX). The story starts with David Azrieli fleeing Nazi occupied Poland and separting from his family. The businessperson currently serves as the CEO and Chairman of Kilmer Van Nostrand Co. Limited (KVN), the Kilmer Groups principal holding company. Although the exact amount hasnt been revealed,Canadian Businessestimated Larrys fortune to be worth $1.5 billion, in 2015. He serves on the board of Shopify and is Chief Executive Officer at Klister Credit Corporation. Forbes magazine lists his net worth at $1.38 billion ($1.1 billion USD). Thats not the Apostolopoulos family courtesy. . . Arthur invests in the stock market but doesnt pay any fees because he uses National Bank Direct Brokerage online broker and Wealthsimples robo-advisor. The company manages over 46 billion in global assets. He is also a rally race card driver. Tanenbaum has had a long-standing interest in the sports and entertainment area and to that end in 1991 he spearheaded the effort to bring an NBA franchise to Toronto. He is also a director of McCain Capital Corporation and Maple Leaf Foods. He took over the job of Chief Executive Officer of Brascan in 2002. Sahi buys up shares in Goldlist and other property companies. If youve ever, Smith is the co-founder, chairman and CEO of. He gets a pair of tickets for each Leaf or Raptor game but buys the rest he uses, including the times he brings his 10 grandchildren en masse to the Air Canada Centre. This just proves that toys are not childs play. So, him being interested in business from a very young age is not a big deal. If you do not accept these technologies or revoke your consent, it might have a negative effect on certain features and functions on the site. Sprott took the company public in 2008. He moved to British Palestine in 1942 and attended Technion University. Thanks for contributing to The Canadian Encyclopedia. In over four decades of togetherness, Larry and Judy have welcomed three kids who have already grown up. Toronto Life is a registered trademark of Toronto Life Publishing Company Limited. 214 Larry Tanenbaum Photos and Premium High Res Pictures - Getty Images CREATIVE EDITORIAL VIDEO All Sports Entertainment News Archival Browse 214 larry tanenbaum stock photos and images available, or start a new search to explore more stock photos and images. Allan Slaight loved Canadian cultural industries. mining company in the world. He knows all about number crunching as a trained accountant. [4] Abraham prospered and constructed the Runnymede Iron and Steel Company into a major steel fabrication company and real estate empire. The company was at the forefront of making furniture in line with how technology was changing how people lived and worked. 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Eight years later, Im still fighting for justice, Untold stories from the early years of Second City, the group that changed comedy, Inside the Ontario years of Elon Musk, the worlds most absurd billionaire, I spent five years in a white-power gang: Inside the twisted world of Torontos white supremacist movement, The average rent for a one-bedroom is $2,481and its goingup, My wife and daughter were killed when Iran shot down Flight PS752. According to Forbes, Hal Jackman is worth $3.5 billion ($2.8 billion USD). + Is Making Bi-Weekly Payments on a Mortgage a Good Idea? Sahi also took over ClubLink Enterprises, known today as TWC Enterprises, which owns a chain of golf courses in Canada and the US. Established through a generous $20-million gift from the Larry and Judy Tanenbaum Family Foundation, the Tanenbaum Institute for Science in Sport at the University of Toronto will be a global . And the always-competitive Argos will soon host the Grey Cup. Kuldip Rai Sahi came to Canada in Montreal in 1971, where he joined his brother. The company is committed to sustainability. Constellation Software is based in Toronto, Canada and can be found on the Toronto Stock Exchange (CSU: TSX). Leons expanded into Toronto. The dispute was eventually settled, but the public way in which the feud played out in the newspapers contributed to Larrys later preference for privacy and limited dealings with the media even when he grants interviews, he declines to give many personal details. Over the next 33 years, Onex acquired companies and grew to include credit and investment advisory. Likewise, Larrys dad had also founded his own company, York Steel. As chair of Maple Leaf Sports and Entertainment, Tanenbaum oversees the Raptors, Leafs, TFC and Argos. Feldberg was born in Poland and the Holocaust forced him to flee his native country. Azrieli revolutionized retail and real estate finance in that country when David opened the first enclosed mall in 1985. He also has interests in a variety of other financial corporations including Equitable Bank. Sprott owns 20% of the company and is the largest outside investor in Teuton. According to Forbes, Michael McCain is worth $1.385 billion ($1.1 billion USD). Larry Tanenbaum. The family owns the largest privately-held real estate company, Triple Group. The NHL commissioner estimates Tanenbaum is at a Raptor or Leafs game 80 nights a season. The beginnings of Canada Goose started with Reisss grandfather, Samuel Tick. The company owns NBA side Toronto Raptors, MLS club Toronto FC, Canadian . If you live in Canada, chances are youve crossed the threshold of a Leons furniture store at least once. He began working in the family business in the late 1970s, and held different positions including President and Chief Executive Officer of McCain Foods USA. This copy is for your personal non-commercial use only. They also saw the potential in licensing agreements. The family established the Albert and Temmy Latner Family Foundation, which supports hospitals, schools and charitable foundations in Toronto. Shortly after arriving in Toronto, Abraham was driving a horse and cart through residential and industrial areas of Toronto looking for scrap metal. CUC was also a key participant in the introduction of cable television in the United Kingdom. Larry Tanenbaum is a well-known businessman from Canada. While the NBA rejected his bid to purchase and relocate an existing team, his interest led to the idea of creating a new Toronto-based franchise. Larry Tanenbaum is a Canadian businessman who came into the limelight as the chairman of Maple Leaf Sports & Entertainment. permissions/licensing, please go to: www.TorontoStarReprints.com. Peter and his wife, Diana Thomson, are known in the Toronto area for their philanthropic efforts such as the donation of $5 million to Toronto East General Hospital for the creation of a patient care centre. Toronto is Canadas largest city and home to almost a quarter of the countrys billionaires. NEW YORK, Sept. 28, 2017 - NBA Commissioner Adam Silver announced today that Toronto Raptors Governor Larry Tanenbaum has been unanimously elected Chairman of the NBA Board of Governors. The firm further diversified beyond construction and sports into the world of private equity. The store was a much-loved part of the Oakville community, complete with a mascot bear and a welcome board, until it closed its doors in 2019. Photo by Nathan Denette/National . According to an SEC filing, the Thomson familys financial management firm, Woodbridge, has a 63.6% share of Thomas Reuters Corp. Thomson is chair of Thomson Reuters, the Globe and Mail newspaper and Woodbridge. Edward Rogers Sr. designed one of the first battery-less radios in Canada and founded the Rogers Vacuum Tube Company, which distributed those radios. People did deals with him on a handshake. Larry Tanenbaums wife is extremely supportive of his career. You could never tell someone to work for $0.75 today and have them believe that can one day make them a billionaire. After the sale to Metro-Richelieu, the Burnett family started building malls all over Ontario. So, without further ado, lets take a look at Larry Tanenbaums biography, including the facts about his early life, marriage, career, and many more. While it was an important Toronto-based company, Samuel eventually opened offices in Montreal and the US, especially after the companys Packaging Systems Group, grewows in importance. Businessman Bruce Flatt is a self-made billionaire that is often compared to Warren Buffet. McQuarrie, J. Its Kilmer Developments is currently managing three P3's: The Quickload Container Examination Facility in Prince Rupert, B.C. Tap into Getty Images' global-scale, data-driven insights and network of over 340,000 creators to create content exclusively for your brand. Moreover, Larry is co-chairman of Tanbridge Partners LP, which owns Coca-Cola Canada Bottling Limited. Michael McCain was born into the McCain frozen foods family. Even before he invested in Shopify, John Phillips was making moves. Together, the couple have strong connections to Torontos Mount Sinai Hospital, donating $25 million for biomedical research in 2006, and another $35 million in 2013, prompting the hospital to name their primary research institute the Lunenfeld-Tanenbaum Research Institute. Sprott has made a big investment in Teuton Resources Corp., which is a gold mining company in northern British Columbia. From 1968 to 2000, he worked as the CEO and President of KVN. Toronto Star articles, please go to: www.TorontoStarReprints.com, The Toronto Star and thestar.com, each property of Toronto Star Many of them listed their companies, helping some retail investors that invested in the stock through their online brokers to grow rich as well. Canadian Business lists the familys net worth at $1.68 billion. They turned into a healthy business that was sold to CCL Industries for $22 million. 30. Can Larry Tanenbaum transform his losing legacy? Cockwell is an affiliate director of Brookfield Asset Management and keeps himself busy sitting on a variety of boards which include Torontos Ryerson Universitys Board of Governors. He eats at all the organizations restaurants and pays his own way. More accurately, he'll shun the publicity. In December 2000 Warren was merged into Lafarge North America Inc., North Americas largest diversified construction materials company and supplier of cement, aggregates and concrete, and other materials for residential, commercial, institutional and public works construction in the United States and Canada. His career has also spanned the worlds of finance, construction, politics and philanthropy. . Tanenbaum, the longtime Chairman of Maple Leaf Sports & Entertainment (MLSE), becomes the first Canadian owner to serve as Chairman of the NBA Board of Governors. The company has a whos who list of clients including Best Buy, Banana Republic, Kraft Heinz Canada, and Labatt Brewing Canada Ltd. Fidani is known for his philanthropy such as a recent gift-matching initiative that will result in the donation of $15 million to area hospitals. Maple Leaf Sports & Entertainment chair Larry Tanenbaum, left, and NHL commissioner Gary Bettman enter the Westin Times Square Hotel in 2012. The story is that a mattress sale led to his entry into selling furniture. The company is currently divided into segments. A century later, his grandson maintains the family tradition. Toronto's 50 Most Influential: #9, Larry Tanenbaum. In order to offer you the best experience, we use technology like cookies to remember your preferences and recognize your devices. Article by biographyset.com All right reserved. According to Bloomberg,the CEO World, Gaye Farncombe has a net worth of $8.69 billion ($6.91 billion USD). According to Forbes, Gerald Schwartz is worth $1.88 billion ($1.5 billion USD). He has also donated to health sciences at the University of Toronto and to research for radiation therapy and computational biology. The company went public on the Toronto Stock Exchange (TOY: TSX) in 2015. Farncombe is far less known than many of her wealthy siblings and cousins but contributes to philanthropic ventures with her two sisters. Also Read: Learn In Detail About Anjali World. In 1991, he led the effort to bring an NBA franchise to Toronto. Gerald Schwartz is in the Canadian Business Hall of Fame and has been given the Order of Canada. rights reserved. In 2003, Tanenbaums role in MLSE expanded further when he became chair of the board, replacing Stavro, who did not share Tanenbaums passion for basketball. Dont let the last name fool you. Canada may be the world leader in natural resources stocks. He has two daughters and one son. According to Canadian Business, Seymour Schulich is worth $1.56 billion. In December 2000 Warren was merged into Lafarge North America Inc., North America's largest diversified construction materials company and supplier of cement, aggregates and concrete, and other materials for residential, commercial, institutional and public works construction in the United States and Canada. Further complicating matters, the family construction businesses struggled with sharp declines in building contracts and steel prices, while their capital holdings struggled with stock market turmoil. The heavy construction operations included projects in Canada, the United States and South America and specialized in constructing subways, elevated transit system guideways, bridges and tunnels including the design-build of the Toronto Zoo elevated transit system, the elevated transit system in Miami and subways in Caracas, Atlanta, Calgary and Toronto. The private equity investor and co-owner of the Toronto Raptors just made a significant score with the sale of Ontario . He also served as a member of the Ontario Investment and Trade Advisory Council; as a member of the advisory committee, Toronto Prosperity Initiative; and as a member of the independent fiscal review panel of the City of Toronto; and the Mayor's Economic Competitiveness Advisory Committee of the City of Toronto. A CEO makes around $793,901 as an annual average salary. Its recent success thats blurred the past, says Godfrey, now chairman of the Ontario Lottery and Gaming Corporation, who was at Tanenbaums side for their shared flop: not getting an NFL stadium built. Thomson is the son of Kenneth Thomson who was the son of Thomson Corp. founder Roy Thomson. Sixteen sun-seeking Torontonians who call the sunshine state home for at least part of the year, Tanenbaum is the citys most powerful sports figure, The clock is ticking for Canada's most powerful sports figure. Their boundless passion and compassion, their unwavering commitment and endless dedication to the family unit and the Jewish community leave us feeling grateful and inspired. It was the Canary Wharf project that bankrupted Olympia and York Developments. He also co-owns Toronto Argonauts, a football club in the Canadian Football League. With this company, he bought out smaller waste management companies. The company developed a down filling machine and proceeded to focus on making heavy winter coats that were worn by Ontario city workers including law enforcement. Lawrence Tanenbaum is Chairman of Kilmer Capital Partners Limited, which is partners with two private equity investment funds. [] According to Canadian Business, Dovigi is worth $1.08 billion. David Azrieli was a member of the Order of Canada, LOrdre Nationale du Qubec, and was honored with multiple honourary degrees from Canadian universities. Sahi also took over ClubLink Enterprises, known today as TWC Enterprises, which owns a chain of golf courses in Canada and the US. In 1979, Edper bought Brascan, and Cockwell became a director in 1979. Well, the smartly groomed man whos all business when hes on the clock likes to loosen his tie now and then. When he buys bitcoins, its with the BitBuy online platform. He has also established a program that provides fabric and other clothes-making materials to remote Inuit communities in Canada. He graduated in 1968 with a Bachelor of Science degree in economics. It all began in 1994 when Ronnen Harary, with partners Anton Rabie and Ben Varardi, launched the Spin Master toy company with just $ 10,000. He also sits on the. The Toronto native has been interested in sports and entertainment for a long time. Privacy Policy Custom Content. A home gym is a nod to his love of fitness. Whlen Sie aus erstklassigen Inhalten zum Thema George Obrien Holding in hchster Qualitt. According to Canadian Business, the Apostolopoulos Family is worth $3.9 billion. + Why Subprime Mortgages are Popular in Canada, + CMHC and Mortgage Default Insurance: The Secret No One is Telling You. In 1996 an interest was acquired in the Toronto Maple Leafs hockey club and arena. In 2020, Green For Life Environmental Inc. listed on the Toronto Stock Exchange (GFL:TSX). Even the most pessimistic fan has to admit theres a faint whiff of hope in the air. He is a generous benefactor of many Canadian universities. The Thomson Corporation was passed on to Roy Thomsons three children Kenneth Roy, Phyllis Audrey and Irma Jacqueline after his death. Sherry Brydson owns 23% of the Thomson familys investment firm, Woodbridge, and is worth a whopping $17.3 billion ($13.8 billion USD) according to Bloomberg. Ronnen Harary - $1.38 billion This just proves that toys are not child's play. Her mother was Phyllis Audrey Thomson. Keep in touch with BiographySet for more updates on all celebrities' Biographies. Image Source: Social Media. Tanenbaum served as chairman of Warren, which, until its merger with Lafarge North America, was Canada's largest asphalt paving and aggregate company with operations serving approximately 54 communities. In 1996 an interest was acquired in the Toronto Maple Leafs hockey club and arena. Toronto Raptors Alberts two sons now run Shiplake, another significant player in Toronto real estate. You may know that name from the news and its ability to pay investor dividends. One of his recent contributions was to the creation of the Canadian Photography Institute for which he donated his private Origins of Photography collection. Phillips wealth comes from her investment in Shopify. Tanenbaum and his wife, Judy Susan Lieberman, have three children: Kenneth, Julie and Lisa. The 65-year-old Toronto native is also a construction and investment tycoon, punching in as chairman and chief executive officer of Kilmer Van Nostrand Co. Ltd., headquartered in the Scotia Plaza. Despite that, Triple Group got the go ahead. Ernests thoroughbred horse farm, Sam-Son, has bred and trained some of the worlds most successful race horses.The Samuel Family has a very close relationship with the Royal Ontario Museum (ROM), and the Samuel Family Foundation works closely with the Samuel Centre for Social Connectedness. The 47-year-old eldest son of Larry Tanenbaum, a household name as the chairman of the country's most valuable sports enterprise Maple Leaf Sports and Entertainment Ltd., is less focused on sport and more interested in talking about the ONroute "truck stop" network he has spearheaded across Ontario's major highways. According to Canadian Business, the Slaight family is worth $ 2.26 billion. Eventually, he bought Morguard properties and a portion of its Real Estate Investment Trust (REIT). In 2000, Gary Slaight took over as President and Chief Executive Officer of Standard Broadcasting Ltd., which was the largest privately owned multi-media company. 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Most Influential: # 9, Larry and Judy have welcomed three kids who already. Sports and Entertainment, Tanenbaum oversees the Raptors, MLS club Toronto FC, Canadian Larrys... Popular in Canada and can be found on the board of Shopify and is the centrepiece of Canadas system. % off your annual subscription which he donated his private Origins of Photography collection natural Resources stocks Toronto. Effort to bring an NBA franchise to Toronto acquired companies and grew to Credit. Canadians living in Toronto, on M2R 3V2 416.631.5703 jewishfoundation @ ujafed.org include... Of Canada Goose started with Reisss grandfather, Samuel Tick, and America! Canada may be the world of professional sports home gym is a real estate deals including... His family left everything behind in 1947 and went to India investment.... Business when hes on the Toronto Stock Exchange ( ELF: TSX ) in 2015 largest City and home almost! 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He serves on the Toronto Maple Leafs hockey club and arena has been given Order! The sale of Ontario kuldip Rai sahi came to Canada with nothing after the Holocaust eventually help him some..., TFC and Argos, a football club in the Canadian Photography Institute for which he donated private... Day make them a billionaire online broker and Wealthsimples robo-advisor in what is now Pakistan but... That Eric Sprott is worth $ 1.08 billion a registered trademark of Toronto the investments the... Smith is the largest outside investor in Teuton ronnen Harary - $ 1.38 billion this just proves toys... 2022 is estimated to be worth $ 1.5 billion USD ) Toronto City Airport major share EL... Dovigi is worth $ 1.88 billion ( $ 1.1 billion USD ) 1942 and attended Technion....

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