High-tech entrepreneur Assaf Rappaport, co-founder and CEO of Wiz, has purchased an estate of approximately 8 dunams in Moshav Rishpon for about NIS 40 million (approximately $13 million). Rappaport plans to build a private mansion on the property, a notable shift after years in which one of his defining traits was his modest lifestyle, living in a rented apartment and, at times, even with a roommate, despite already being a multimillionaire. The estate he acquired is located on one of the quiet, sought-after streets in Moshav Rishpon, which over the past two decades has become a coveted enclave for Israel’s wealthy.
Plot A in the moshav, designated for residential use, can in some cases span large areas of 8-10 dunams as a single unit, allowing for the planning of expansive private estates with every imaginable luxury and amenity. The price Rappaport paid is in line with asking prices in the moshav for properties of this size. For comparison, at least two estates in the area are currently listed at higher prices of around NIS 50 million each. Price differences depend on the existing house and the level of investment already made in the property. In Rappaport’s case, it is estimated that he intends to carry out a significant redesign to suit his personal needs.
Rappaport, just 42 years old, already has two major exits behind him. In the first, in 2015, the company Adallom, of which Rappaport was also CEO and one of the founders, was sold to Microsoft for $320 million; estimates at the time suggested that each founder earned around $25 million before taxes from the deal. The second exit, in 2025, saw Rappaport and his partners sell Wiz to Google for $32 billion, the largest exit in the history of the Israeli economy. The deal is still undergoing regulatory approval in Europe, but it is expected to be approved soon, with each of the four founders projected to receive roughly $3 billion. Recently, Calcalist reported that Ami Luttwak, another Wiz co-founder, purchased a 3.5-dunam property in Binyamina for NIS 28 million ($9 million).