Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Breaking News

Jewish Tycoon Eyal Ofer Gives $17M to London’s Tate Art Gallery

Jewish shipping magnate Eyal Ofer, who lives in Monaco, recently donated $17 millon toward the massive expansion project of the Tate Modern museum in London. In appreciation of his donation, the Tate Modern will name the three eastern galleries on the third floor after Ofer.

Sir Nicholas Serota, the director of the Tate Modern, said “It is exciting to see such outstanding philanthropy continuing from one generation to the next.”

Ofer said in response that for him it is a privilege to support the development project, which will enable the institution to enrich the experience and the access to modern art for a larger audience of visitors from the United Kingdom and beyond.

Ofer, 63, has divided the family business empire with his brother Idan since the death of their father, Sammy Ofer, in June 2011. As well as his involvement in shipping, Ofer also controls a real estate portfolio, Global Holdings. According to Forbes magazine last year, his wealth is estimated at $6 billion, putting him among the 200 wealthiest people in the world (no. 198 last year).

Slated to be concluded in 2015 or 2016, the development will expand the museum by 60 percent. The project is now 15 percent short of its total funding.

For more, go to Haaretz

A message from our CEO & publisher 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.

At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse..

Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.

—  Rachel Fishman Feddersen, Publisher and CEO

Join our mission to tell the Jewish story fully and fairly.

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.