Warren Buffett Image by getty images

NEW YORK (JTA) — Business magnate Warren Buffett is encouraging the purchase of Israel Bonds at private events in New York.

Guests attending the events with Buffett on Thursday have pledged to buy $1 million to $5 million in Israel Bonds in order to meet the billionaire.

Buffett hosted an event last November in his hometown of Omaha that led to investments of $60 million in the Jewish state. Buffett also bought $5 million worth of Israel Bonds at the event.

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Israel Bonds said that following Thursday’s events, Buffett was expected to have helped bring in about $200 million in bonds investments.

“Mr. Buffett is helping to ensure that the State of Israel will continue to prosper, and will continue to be a model of innovation and economic growth for decades to come,” Israel Bonds President and CEO Oren Maimon said.

Buffett spoke highly of the Jewish state at the November event.

“If you are looking for brains, energy and dynamism in the Middle East, Israel is the only place you need to go,” the billionaire said.

In 2013, Buffett made the Israeli firm Iscar his first foreign acquisition, buying the remaining 20 percent of the metalworking company after having acquired 80 percent in 2006.

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