US Secretly Sold Ambassador’s Residence In Israel To Trump Megadonor Sheldon Adelson For $67 Million

The Associated Press reports:

The United States sold the ambassador’s residence in Israel for more than $67 million in July, according to an official Israeli record of the sale that shines new light on a transaction that has been shrouded in secrecy. The State Department confirmed the sale in September but refused to identify the buyer or disclose the sale price of the sprawling beachfront compound in the upscale Tel Aviv suburb of Herzliya. On Tuesday, it said the sale had been “open and transparent.”

The Israeli business newspaper Globes has identified the buyer as the U.S. casino magnate Sheldon Adelson, a strong supporter of both President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. At more than $67 million, it appears to be the most expensive single residence ever sold in Israel. The sale helped to cement Trump’s controversial decision to relocate the U.S. Embassy from Tel Aviv to contested Jerusalem in 2018 and to recognize Jerusalem as Israel’s capital.

Read the full article. Adelson’s purchase of the residence makes it harder for future presidents to reverse the move of the US Embassy.