Real estate tycoon David Azrieli passed away on July 9th 2014, aged 92. He owned office buildings in Canada and the U.S. through his CanPro Investments, which will now be managed by daughter Naomi. In Israel, his publicly-traded Azrieli Group owns 13 shopping malls, several office towers, industrial buildings and stakes in energy, water and oil distribution companies. Daughter Danna Azrieli, longtime vice chairman of the Azrieli Group, has been named chairman of the conglomerate. In 2013, Azrieli gave $560 million in cash and Azrieli Group stock to his Azrieli Foundation, which supports educati... Read More
Real estate tycoon David Azrieli passed away on July 9th 2014, aged 92. He owned office buildings in Canada and the U.S. through his CanPro Investments, which will now be managed by daughter Naomi. In Israel, his publicly-traded Azrieli Group owns 13 shopping malls, several office towers, industrial buildings and stakes in energy, water and oil distribution companies. Daughter Danna Azrieli, longtime vice chairman of the Azrieli Group, has been named chairman of the conglomerate. In 2013, Azrieli gave $560 million in cash and Azrieli Group stock to his Azrieli Foundation, which supports education, medical research, Jewish appreciation and Holocaust commemoration. The foundation now owns a 13% stake in the Azrieli Group and has assets worth over $1 billion. Azrieli's parents, brother and sister were killed during the Holocaust. He fled Poland in 1939 at age 17, traveled through Russia, Iraq, Palestine, South Africa and England and eventually settled in Canada. He is survived by his wife of 57 years, Stephanie Lefcort, their four children and seven grandchildren. Read Less
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