A fortune for one son, $600 for the other
The will of a tycoon’s former lover leaves tens of millions to her younger son, and almost nothing to her eldest.
A former lover of a tycoon who recently passed away ordered in her will that her eldest son receive only “a few hundred shekels (NIS 1,800, approximately $600)”, while her younger son, whom she had with the tycoon, inherited her entire fortune, estimated at at least tens of millions of shekels. The tycoon, who also passed away, was one of the wealthiest individuals in Israel.
Among the assets the woman bequeathed to her son from the tycoon, some of which were registered in his name during her lifetime, are four apartments, comprising an entire floor in a prestigious building in Ramat Gan, as well as two apartments near Kikar Hamedina in Tel Aviv.
In addition, she left her son funds held in several international banks, including EFG Bank in England, Bancaire Privée in Switzerland, JPMorgan Chase in the United States, and Bank Hapoalim Switzerland.
According to the will, the funds held at EFG Bank were given to her son by the tycoon as a gift during his lifetime.
As noted, unlike the younger son, the woman’s eldest son, who was born from another relationship, was left only NIS 1,800.
In her will, the mother explained that her eldest son had already received substantial financial assistance from her during his lifetime. However, she wrote that he had “treated me in an inappropriate and ungrateful manner” in connection with a deal in which she purchased shares in an investment house for about $1 million.
The mother added: “I helped my son time and again to cover extremely high amounts of debt that he accumulated at the bank.”
She also wrote that she purchased an apartment for him, financed his university studies in Israel, paid for his car expenses and living costs, and later, when he moved to the United States, supported his studies and living expenses there as well.
In the will, she further claimed that when her eldest son was single, she was shocked by the scale of his spending.
“It was disgusting to me that I had to pay him enormous sums of money,” she wrote, “even when he worked at a company where he earned about NIS 12,000 net per month, yet still felt it necessary to spend NIS 40,000-50,000 every month.”
Despite the disinheritance, she addressed him in the will with an emotional message:
“My beloved and precious son, despite my great love for you, an unconditional mother’s love that I cannot describe in words, the way I chose to divide my estate was based on practical considerations and a sense of balance. I hope that you will accept my decision with love and understanding.”
