Israeli high-tech entrepreneur makes accidental fortune in hotels
Zohar Zisapel started buy stock in Dan Hotels right before the second intifada. Now his stake has earned him NIS 130m.
Fourteen years ago, high-tech entrepreneur and investor Zohar Zisapel decided it was time to diversify his portfolio. To avoid getting trapped in the high-tech bubble he saw developing, he began investing in Israeli hotel stock – only to find the tourism industry decimated by the outbreak of the second intifada soon afterwards.
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