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      Archive: 12/26/2013

      News Brief

        12/26/2013, Tevet 23, 5774

      Court Rules for Daughter of Yuli Ofer in Estate Battle

      The Tel Aviv Family Court rejected, Thursday, the objections of Doron Ofer to the last will of his father, Yuli Ofer, which gave control of Ofer Investments and its companies to his sister, Leor Ofer.

      At the time of his death in 2011, Yuli Ofer's net worth was estimated at more than 10 billion dollars, making him the richest man in Israel and the 79th richest in the world. The companies under his control include United Mizrachi Bank. The Globes business publication reported that Leoa will have 51-percent interest in her father's empire, while Doron's share will be 15 percent.