Barak Sells Swank Pad for $7 Million

By Haaretz March 19, 2012

Israeli Defense Minister Ehud Barak has sold his luxury apartment in the Akirov Towers in Tel Aviv for 26.5 million shekels, or about $7 million.

Barak was seeking 30 million shekels for the apartment. The apartment was first put up for sale in 2008, when he sought 40 million shekels.

The five-room apartment sold by Barak is located on the 31st floor of the westernmost of the three towers that comprise the Akirov complex in northern Tel Aviv.

He bought the pad for $2.5 million in 2003.

For more, go to Haaretz.com

A message from our Publisher & CEO Rachel Fishman Feddersen

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.

The coming year promises to be filled with more complex and historic developments. We are entering an era where independent, fact-based Jewish journalism will be more important than ever. We need to be ready for whatever 2025 will bring, and with your help, we can be.

We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.

If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.

— Rachel Fishman Feddersen, Publisher and CEO