JNF Owns Land Worth $1.75 Billion

The value of the Jewish National Fund's land in 2013 was $1.75 billion (6.7 billion shekels), Globes reported Wednesday.

Known in Hebrew as Keren Kayemet L'Yisrael, JNF's total assets are $3.25 billion, including the land, whose value in 2014 grew by another $350 million. The JNF sold land for $600 million in 2014 and collected another $21 million in donations.

The report also reveals that JNF has a staff of 950 employees, whose collective salaries are $81 million, almost half of $170 million it spent on land development and forestry.