News outlets have reported that Sheldon Adelson, the American casino magnate and mega-donor to politicians, has closed a deal to purchase the seaside residence in the Israeli city of Herzliya that for decades has been the home of successive U.S. ambassadors. Evidently, in the wake of its move of the American embassy itself from Tel Aviv to Jerusalem, Washington has been keen to bolster its presence further in Israel’s capital; disposing of the residence is one means to that end. Adelson’s reported price, the largest sum ever paid for a home in Israel: $87 million.
Sign Up For Our E-Mail List Get the latest from Mosaic right in your inbox
More about: Israel & Zionism