Quebec billionaire Sylvan Adams moves to Israel

   Sylvan Adams, 57, a Montreal real estate mogul whose billionaire family was revealed in 2013 to have banked much of its fortune in offshore financial assets, appears to have ditched Canada for Israel.
  Adams, who grew up at 70 Church Hill, now lists his residence as Tel Aviv, Israel on his Facebook page.
  It is unclear what motivated Adams to move to Israel after spending his life in Westmount where he attended Roslyn and Westmount High and raised a family in what he described as the second-highest built property in Westmount.
  Adams has deep ties to Montreal where his family business owns a great deal of land and where he worked closely with the Jewish General Hospital, but his family also launched a business school at Tel Aviv University 30 years ago.
   The family is also known to give money to Jewish-related causes.
  Adams, who is CEO of Iberville Developments, has yet to reply a query sent through Facebook concerning his apparent change of country.
  Sylvan Adams controlled assets worth $800 million US in the private Barbados-based Summit international Bank, according to a 2013 report.
 The bank paid a tiny percent of profits in taxes to Barbados.
 Those profits could be sent to Canada tax-free due to an agreement between the countries.
  It's possibly relevant that Iberville Developments was locked in a legal battle with Revenu Quebec last year.

  Adams, who is a highly-competitive bicycle racer,  told reporters at the time that the Canadian government had been duly informed of the tax activities from the start and discontinued it after Canada changed rules.
   Iberville Developments owns eight million square feet and 100 properties, including office buildings and shopping centres.
  Adams' 95-year-old father Marcel came to Quebec City from Romania after World War II and started humbly as a tanner before running into a hot streak by buying small properties and eventually becoming a major player in Quebec shopping malls.
   Coolopolis is not suggesting that Adams moving to Israel had anything to do with a tax-related conflict, indeed his sister Linda appears to have moved to Israel a few years ago and Sylvan Adams sent his kids to Akiva School which teaches "a keen sense of self and a commitment to Judaism."
   Coolopolis will keep readers updated on any additional information, as Adams has, in the past, proven considerably more media-friendly than his aging father who has never been interviewed by media.
See also: Montreal's billionaire Adams clan: secretive no more