Nimrodi’s business acumen became evident as he amassed significant wealth through various ventures. By 1988, his assets in Israeli banks were valued at approximately $48 million. His wealth enabled him to diversify his investments and acquire substantial holdings in key sectors of the Israeli economy.One of Nimrodi’s significant business moves was the acquisition of the Israel Land Development Company (ILDC) in 1988. Purchased for $26 million from the Jewish National Fund and Lumi Bank, ILDC owned valuable properties in major Israeli cities, including Jerusalem, Tel Aviv, Jaffa, Rishon LeZion, and Beersheba. This acquisition not only solidified Nimrodi’s status as a major player in Israel’s real estate market but also provided him with a steady stream of income and influence.
