Sagi donates NIS 1m to Omer Adam's fund for evacuees

Teddy Sagi  credit:: Yonatan Bloom
Teddy Sagi credit:: Yonatan Bloom

Israeli billionaire Teddy Sagi has celebrated his birthday with a gift for evacuees from the Gaza border.

Businessman Teddy Sagi will donate NIS 1 million to Israeli singer Omer Adam’s "Evacuees" project to ease the plight of families evacuated from the Gaza border.

Businessman and entrepreneur Teddy Sagi is a close friend of Adam, one of Israel’s most popular singers, who currently, in addition to live appearances before soldiers, has turned his home into a headquarters for donations to soldiers and evacuees and provides them with essential products.

Adam recently announced the establishment of his project, which aims to take care of evacuees and soldiers on leave, to transport them directly home in taxis, so that they can spend the maximum amount of time with their families. Teddy Sagi is an Israeli billionaire, who operates large-scale philanthropic activities in a range of endeavors.

The special venture began with a major amount donated by Adam himself. In a story posted on Instagram by the singer, he recounts a conversation he held with a good friend, billionaire businessman Teddy Sagi, whom he called to congratulate on his birthday. Instead of receiving a gift to mark the occasion, Sagi instead asked to donate his own present.

Adam wrote, "My friend this time gave me the surprise of my life. I called to congratulate a friend who is celebrating a birthday and along the way we talked and the gift he wants for his birthday is to donate a million shekels, to bring all our righteous soldiers home and help evacuees," Adam wrote.

Published by Globes, Israel business news - en.globes.co.il - on November 19, 2023.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.

Teddy Sagi  credit:: Yonatan Bloom
Teddy Sagi credit:: Yonatan Bloom
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