US Ambassador’s residence in Herzliya bought for record-breaking $67 million

Sheldon Adelson buys luxurious dwelling used as official residence for US ambassadors since Sixties for record-breaking $67 million.

Gabe Friedman, JTA , Dec 30 , 2020 2:32 PM

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Sheldon and Miriam Adelson

Flash 90

The previous U.S. ambassador’s residence in Herzliya, simply north of Tel Aviv, bought for $67 million in July, in accordance with an Israeli tax file made public on Monday, the very best value ever for an Israeli property.

The sale helped cement the embassy’s controversial transfer to Jerusalem from Tel Aviv approved by President Donald Trump whereas additionally recognizing the previous metropolis as Israel’s capital.

In September, the Israeli every day Globes reported that the property’s purchaser was Sheldon Adelson, the billionaire on line casino magnate and main pro-Israel Republican donor who supported the embassy transfer.

After the State Division informally confirmed that the customer was Adelson, U.S. lawmakers seemed into “whether or not the deal complied with rules,” The Related Press reported.

The U.S. Embassy mentioned in August that “the customer was chosen solely on the idea of getting submitted the very best and greatest supply.”

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