Mody Kidon

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Mody Kidon (Hebrew: מודי כידון) is an Israeli businessman, with real estate interests both in Israel and abroad. He is the chairman of the Israel Advertising Federation and a senior business manager for Gitam Image Promotion Systems, a private holdings company.

Personal life and family[]

Born September 17, 1954, Kidon served as a pilot in the Israeli Air Force,^[1] and continued to fly until the age of 45 as a reserve pilot. He retired with the rank of major. Kidon achieved a baccalaureate in economics from Tel Aviv University, and attended Harvard Business School’s six-week Advanced Management Program (AMP). He is married to Sharon Kidon (Hebrew: שרון כידון), a journalist and television personality. They are the parents of two daughters, he also has two children from previous marriage.

Business career[]

Gitam BBDO[]

In 1981, Kidon joined the advertising firm Gitam Image Systems, founded by his father Yochanan Goldberg-Kidon (Dovz’e) (1921–1986), and by his cousin Moshe Theumim (born 1945). BBDO Omnicom purchased 49% of Gitam in 1994, turning Gitam BBDO into the first Israeli advertising agency with a global partnership.^[2] In 1997, Gitam made history^[3] by producing the first advertisement in space, which was noted in the Guinness Book of Records.^[4] Mody Kidon was appointed in 2004 as Chief Business Officer of the BBDO Group in Israel and chairman of the TMF media company.^[5] In 2011, Gitam was ranked as the leading agency by the Calcalist Financial Paper.^[6]

Real-Estate[]

Kidon's initial foray into real-estate investing began in 1995 as a founding partner of Vitania,^[7][8] with acquisitions in Israel focusing on office buildings mainly in the Ramat Hachayal (Tel-Aviv) and Herzliya 'High-Tech' Business Parks.

Alto Real Estate Funds[]

In 2010, Kidon as founder and chairman, set up ALTO Real Estate Funds.^[9] Alto launched a series of closed end investment funds,^[10] building up portfolios of commercial real-estate assets in the U.S. and Europe.^[11] In September 2015, the company completed fundraising for its second fund, Alto Fund II, for a total of $138 million from institutional and private investors.^[12] As of August 2016, Alto has invested in more than 50 properties, totaling 11 million sq.f. and with a market value estimated at $1 billion.^[13] Alto maintains headquarters in Manhattan, with regional offices in Dallas and Tel Aviv.

References[]