Lev Leviev is perhaps best known as the man who defied De Beers, the mighty cartel that controlled the flow of the world’s supply of rough diamonds.By doing so, Leviev has become one of the world’s richest men. Close friends claim he’s worth about $8 billion, but Forbes lists him at a conservative $4.1 billion.
Lev Leviev didn't miss a beat. It was evident that his answer, ostensibly off the top of his hat during the interview, had been prepared in advance: "Seven billion dollars by year-end," he said confidently, and smiled.
Investors want to know: which is better, Lev Leviev's Africa Israel (TASE: AFIL), which has been waning of late, or Arcadi Gaydamak's recent acquisition, Ocif Investment & Development (TASE: OCIF), quite the darling of late?
Africa-Israel Investments Ltd. today unveiled an ultimatum in its 2006 financial report to Boymelgreen Developers LLC to repay a $142 million debt within nine days. The debt totaled $110 million a year ago. Shaya Boymelgreen personally guaranteed the debt.
Africa-Israel Investments Ltd. today unveiled an ultimatum in its 2006 financial report to Boymelgreen Developers LLC to repay a $142 million debt within nine days. The debt totaled $110 million a year ago. Shaya Boymelgreen personally guaranteed the debt.
The The Israel Securities Authority has asked Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) for clarifications regarding media reports in which the company’s controlling shareholder and chairman Lev Leviev predicted that it would double in value in 2007.Leviev, who is currently attending the World Economic Forum in Davos, Switzerland, was quoted as saying that a value of $7 billion, double Africa-Israel’s current market cap, by the end of 2007 would be an appropriate target for the company. Africa-Israel soared 7% in heavy trading on the Tel Aviv Stock Exchange (TASE) today following Leviev’s comments, following which the Securities Authority asked the company to publish a clarification of the remarks by tomorrow morning.
