ofer brothers_311 reuters.
(photo credit: Reuters Photographer / Reuters)
Doron Ofer will contest his father Yuli Ofer’s will, which he changed a year ago
after suffering from serious health problems, sources inform
Doron is demanding that the will written a few months earlier,
which divided Yuli Ofer’s stake in Ofer Holdings Group between Doron and his
sister Leora, be recognized.
There is no dispute that Yuli Ofer has been
angry with Doron for years. Doron opposed the family in many deals, including
the acquisition of the Ramat Aviv Mall and British-Israel Investments.
source in the family said, “The tensions did not begin then, but many years
The family schism between Yuli and Leora Ofer on one side and
Doron on the other began at least ten years ago.
Doron obtained a BA in
economics from the University of Lancaster and an MA in marine transport from
the State University of New York in 1982, and joined the family’s real estate
business. He quit to make his own way, in part over disagreements with his
When Yuli Ofer’s will was read last month, Doron was not
surprised. Even before Yuli’s death, Doron, who resides in London, learned that
he had changed his will in favor of Leora, leaving her his entire stake in Ofer
The change in the will is why Doron has refused to separate
Ofer Investments’ holdings in Melisron from Mizrahi Tefahot Bank as demanded by
the Bank of Israel as a condition for keeping the company’s control license for
the bank. This was Doron’s way to hedge his rights while his father was still
However, sources in the family claim that Yuli did not initiate
the change in his will, but that it was someone in his entourage. Doron, either
justifiably or not, believes that certain people sought to distance him from his
father toward the end of his life and deepen the schism between
Sources close to Leora Ofer say that Yuli sought to balance his
estate and rectify previous injustices when he gave Doron his 33 percent stake
in Ofer Shipping and other assets. Doron subsequently sold the stake to his
uncle Sammy Ofer (now also deceased) and his former brother-in-law Udi Angel.