By Marcus Dysch, February 16, 2011
Philanthropist Cyril Stein, the former chairman of the Ladbrokes betting company, has died.
Mr Stein was a key fundraiser and supporter of the JNF and was UJIA honorary vice-president.
He was in his early 80s and died in Jerusalem on Tuesday.
Mr Stein founded the Ladbroke betting business and floated it on the London Stock Exchange in 1967. At the time it was worth £1 million.
When he left the company in 1994 it was valued at around £2 billion. His personal wealth was estimated at £60m in 2008.
Mr Stein was chair of the JNF’s £10m project to redevelop the Negev.