All told, Israel's 14 largest family-run business groups, measured by revenue, control companies that made up one-fifth of the market value of the Tel Aviv Stock Exchange at the end of last year, according to Dun and Bradstreet, a provider of financial information.
Israel's export-oriented economy is girding for a blow. Above, a worker last week at the Tel Aviv Stock Exchange, which has dropped 47% this year.
Israel's export-oriented economy is girding for a blow. Above, a worker last week at the Tel Aviv Stock Exchange, which has dropped 47% this year.
Israel's export-oriented economy is girding for a blow. Above, a worker last week at the Tel Aviv Stock Exchange, which has dropped 47% this year.
Now, high debt and real-estate exposure overseas among several of these moguls is shaking investor confidence.
The benchmark TA-25 index of the Tel Aviv Stock Exchange, the country's only exchange, has fallen 28% since Sept. 30, and is down 47% this year. Israel's Tel-Bond 40 Index of the top corporate bond issues by market capitalization has fallen 21% this year.
