Billionaire businessman Lev Leviev is leaving Israel, Channel 2 TV news reported. He will be spending most of his time in London in the near future, where he will supervise a new development company which went public six months ago.

Leviev will be leaving Israel together with his children, and his family members have recently been telling their friends that they are about to leave Israel.

Leviev's holdings are estimated at a worth of $4 to 8 billion. He immigrated to Israel from Bukhara and went into the diamond business at age 16. He owns the Africa-Israel construction company.