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Danna Azrieli

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Danna Azrieli
Born(1967-06-03)3 June 1967
Montreal, Canada
NationalityIsrael, Canada
EducationSwarthmore College (BA)
Vermont Law School (Juris Doctor (JD))
Occupation(s)Real-estate developer and philanthropist
Parent(s)David Azrieli, Stephanie Lefcort
FamilySharon Azrieli[1]

Danna Azrieli Hakim (Hebrew: דנה עזריאלי; born 3 June 1967; Montreal, Canada) is an Israeli real-estate developer, and philanthropist. Azrieli has been Chairwoman of Azrieli Group,[2][3] a publicly real estate company in Israel, since 2014.[4] Azrieli is also Chairwoman of the Azrieli Foundation (Israel), and a member of the Azrieli Foundation (Canada), and a board member of the Weizmann Institute of Science, Tel Aviv University, and the Darca schools. She has an estimated net worth of $1.9 billion.[5]

Biography

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Azrieli was born in Montreal, Canada. She is the youngest daughter of Stephanie Lefcort Azrieli and David Azrieli, Canadian real estate developer.[6][7] Azrieli and her sisters, Naomi and Sharon, own 46 percent of the Azrieli Group, a company founded by their father.[8] It is known for developing shopping malls and office buildings in Israel.[8] They inherited their stakes after Azrieli died in 2014.[8]

Azrieli attended Herzliah High School and holds a BA in Sociology and Anthropology, from Swarthmore College in 1990, and a Juris Doctor (JD) from Vermont Law School,[9] in 1993. Upon immigrating to Israel in 2000, Azrieli worked at Gornitzky & Co. til 2002 when she joined the Azrieli Group.[2][10]

Career

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Before appointed as Chairwoman of Azrieli Group, Azrieli worked at the family's real estate business arm in the United States, Canpro Investment Ltd. From 2006, Azrieli was a director of Granite HaCarmel, and of its subsidiaries, Tambour, Sonol, Supergas and GES.[11] Azrieli was appointed as deputy Chairwoman of the Azrieli Group in 2010, when the company went public. She went on to act as Chairwoman of the Azrieli group in 2014 and was officially appointed to the role following her father's death in July of that year.[12]

During the years 2014-2021 the company increased its market capitalization from NIS 12 billion to a value of NIS 37 billion.[13][10] In this time, Azrieli Group built the Azrieli Sarona Tower, a skyscraper in Sarona neighborhood, Tel Aviv.[14][15] the Palace Senior housing projects and other projects across Israel including Rishonim, Ramla Mall, in Holon, and Azrieli Town in Tel Aviv.[16] In 2016, Azrieli Group launched an Omnichannel ecommerce website, azrieli.com.[17] The company entered into the data center field in 2019 when it acquired 24% of the US-based company Compass Holdco for $200 million.[18][19][20] In July 2021, the group purchased the Norwegian company Green Mountain Data Centers for NIS 2.8 billion[21] the company entered other new sectors, the company's real estate interests were diversified further to include the hotel sector and rental housing market.[22][23][24][25]

Philanthropy

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As Chairwoman of the Azrieli Foundation (Israel), and a member of the Canadian Azrieli Foundation, Azrieli supports a range of education programs, universities, research institutes, medical centers and hospitals.[2][26] In 2004, she founded the Azrieli Empowerment Program that supports over 4000 at-risk middle school students across Israel. The program is currently managed by Darca schools, where Azrieli serves as a board member. The Azrieli Foundation committed NIS 110 million to support the Empowerment Program and has recently donated another NIS 10 million for the "ELA" Educational Leadership Accelerator program.[27]

In 2018, Azrieli was the Israeli Chair of the General Assembly of the Jewish Federation Annual Meeting in Israel. Azrieli spearheaded Tel-Aviv University's 2019 Architect Competition, as part of the Azrieli Foundation's NIS 75 million commitment to establish the David Azrieli School of Architecture in the university.[28] Azrieli sits on a number of boards including the International Board of Governors of the Weizmann Institute of Science,[29] the Board of Governors of Tel Aviv University,[30] and the board of the Holocaust Claims Conference, which promotes Shoah education and research and provides grants to organizations that assist Holocaust survivors around the world.[31] She is also known for speaking about her father, who was a Holocaust survivor.[citation needed]

Books

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See also

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References

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  1. ^ "Making Philanthropy a Family Endeavour" by Paul Waldie, The Globe and Mail, 20 January 2012
  2. ^ a b c Danna Hakim Azrieli – Chairman, Azrieli Group Ltd, Bloomberg
  3. ^ Company Website, Azrieli Group Website
  4. ^ "TA-RealEstate". tase. tel aviv stock exchange.
  5. ^ Forbes: The World's Billionaires: Danna Azrieli November 2021
  6. ^ "David Azrieli, a master at beating adversity". Financial Post. Retrieved 10 November 2020.
  7. ^ "Interview: David Azrieli". Hadassah Magazine. 23 August 2009. Retrieved 10 November 2020.
  8. ^ a b c "Danna Azrieli". Forbes. Retrieved 11 March 2022.
  9. ^ "AZRG.IL Company Profile & Executives - Azrieli Group Ltd. - Wall Street Journal". www.wsj.com. Retrieved 11 March 2022.
  10. ^ a b Shlomit Lan and Hadas Magen, The Heiress to the Azrieli Empire, Globes English Website, 12 August 2014
  11. ^ Azrieli Group LTD Periodic Report 2010, Azrieli Group LTD website
  12. ^ Danna Azrieli steps in to replace ailing father, Globes, 3 July 2014
  13. ^ Azrieli Group Ltd – Company Info, Bloomberg
  14. ^ "Azrieli Sarona". The Skyscraper Center.
  15. ^ "tower's plan" (PDF). Archived from the original (PDF) on 19 April 2016. Retrieved 25 October 2016.
  16. ^ Shlomit Tsur, Azrieli opens Modi'in sheltered housing project, Globes English Website, 8 October 2018
  17. ^ Azrieli.com Website
  18. ^ Aviv Levy and Shany Moses, Azrieli invests $135m in North American data centers, Globes Website, 18 July 2019
  19. ^ Reuters Staff, Israel's Azrieli buys stake in data centers firm Compass for $135 million, Reuters Website, 18 July 2020
  20. ^ Zerachovitz, Omri (2 August 2020). "Amazon in talks to build three Israel data centers for NIS 1b". Globes. Retrieved 3 August 2020.
  21. ^ Omri Cohen, Azrieli Group buys Norwegian data centers co for NIS 2.3b, Globes Website, 19 July 2021
  22. ^ Shlomit Tsur, Work begins on Azrieli Center's 'spiral' tower, Globes Website, 19 December 2018
  23. ^ India Block, KPF unveils scrolling supernal Tel Aviv skyscraper that will be Israel's tallest building, 4 January 2019, dezeen website
  24. ^ Naama Barak, Israel's tallest tower to be added to Tel Aviv landmark, Israel21C, 27 December 2018
  25. ^ Tofi Stoler and Billy Frenkel, Scrapped London Skyscraper Set to Dominate Tel Aviv Skyline, Calcalistech website, 20 December 2018
  26. ^ Azrieli Foundation Israel Website
  27. ^ The Azrieli Foundation and the Darca Schools Announce a New Strategic Alliance, Darca schools Website, 2018
  28. ^ for Azrieli School of Architecture building at TAU selected, Jerusalem Post, 4 August 2020
  29. ^ international Board Members, Weizmann Institute of Science Website
  30. ^ Board of Governors Members, Tel Aviv University Website
  31. ^ Board of Directors, Holocaust Claims Conference
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