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Benjamin (Benny) Gaon. (Archives)
Last update - 13:45 11/05/2008
Businessman Benjamin Gaon succumbs to cancer at age 73
By Haaretz Staff
Tags: Israel, Koor, Benny Gaon

Businessman Benjamin (Benny) Gaon passed away Saturday at age 73, after a fight with cancer.

Gaon is known for taking the reins of Koor in 1988, when the company was in difficult straits, rehabilitating it and leading it to new heights of success.

After the company was sold, he left Koor and founded Gaon Holdings, which he quickly brought to a value of more than $100 million. He focused his investments in the water, financial and trade sectors.
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Gaon was one of the first to identify the potential of investments in the water industry.

Considered one of the leaders of the Israeli business community, Gaon's name was mentioned several times as a possible Labor Party candidate for the Finance Ministry.

Gaon was recently instrumental in establishing the Palestine International Business Forum, in order to promote projects in the West Bank and the Gaza Strip.

Five months ago, Gaon met with Palestinian businessman Ismail Da'iq and discussed possible joint projects. Gaon decided to match a $1 million Palestinian investment for a project via Gaon Agro and a subsidiary.

In addition to his many other accomplishments, Gaon served as president of the Israel Cancer Association.

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