Billionaire's Son Sued for Breaching $45,000 Monthly Luxury Villa Lease in Herzliya
Translated & summarized from Ynet by baba
T.I.A.R.I Investments sued Alexander Kogan, son of billionaire Valery Kogan, for breaching a $45,000 monthly lease on a luxury Herzliya villa. Kogan denies the claims, stating the property was never ready and possession was not transferred. The dispute centers on unpaid rent and conflicting accounts of contract fulfillment.
The story in 6 lines · by baba
- T.I.A.R.I Investments sues Alexander Kogan for nearly 920,000 shekels over unpaid luxury villa rent.
- Lease was for a Herzliya villa at $45,000 monthly, with six months’ rent prepaid required.
- Kogan denies breach, claiming the villa was not ready and possession was never given.
- Kogan’s payment was delayed due to pending foreign property sale proceeds, plaintiff was informed.
- Plaintiff alleges Kogan abandoned contract before taking possession and failed to pay.
- Kogan’s side claims lawsuit is a pressure tactic amid a separate family business dispute.
T.I.A.R.I Investments has filed a lawsuit in Israeli court against Alexander Kogan, son of Russian-Jewish billionaire Valery Kogan, seeking approximately 920,000 shekels (about $270,000) for breach of a luxury villa lease in Herzliya Pituah. The villa, owned by T.I.A.R.I, features a private pool, smart home systems, and designer gardens. The lease agreement, signed in April at the Ritz-Carlton Herzliya, required Kogan to pay $45,000 monthly rent upfront for six months. The company alleges Kogan failed to make any payments and abandoned his obligations before taking possession of the property.
Alexander Kogan, known internationally as a musician who performed in Israel in 2013, denies the claims. His attorney, Andrey Nazratsky, argues that the property was never ready for occupancy and that possession was never transferred. Kogan reportedly informed the plaintiff about delays in payment due to pending proceeds from a foreign property sale, with which the plaintiff was familiar and agreed to wait. When Kogan attempted payment, the plaintiff’s designated American bank account was closed, and no alternative was provided. Kogan’s side claims the lawsuit is a pressure tactic linked to a separate business dispute involving his parents.
T.I.A.R.I rejects Kogan’s version, calling his claims "absurd" and accusing him of bad faith. The company says it tried to mitigate damages by seeking other tenants and eventually had to take possession of the villa itself. Both parties await the court’s decision, with Kogan’s lawyer stating they will respond formally once the lawsuit is received. T.I.A.R.I’s lawyer emphasized the importance of honoring contracts regardless of the tenant’s family background or wealth and expressed confidence in full compensation for damages caused by Kogan’s breach.
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