Sylvan Adams is a businessman and Israeli-Canadian billionaire.
Background and career
Adams was born and raised in Canada. He served for close to 25 years as president and CEO of Iberville Developments, one of Canada's largest real-estate development companies founded by his father, Marcel. At the end of 2015, he immigrated to Israel and settled in Tel Aviv.
Philanthropy
He donates money for many sports and educational activities. He established the Margaret and Sylvan Adams Family Foundation to support educational and medical projects in Israel and Canada. The foundation offers doctoral scholarships at the Israel Academy of Sciences and Humanities. The "Bonei Zion Prize" is given every year with his name by Nefesh b'Nefesh. The award recognizes immigrants to Israel from English-speaking countries who have impacted Israel in the fields of science and medicine, education and nonprofit work, national service, business, technology and culture, and arts and sports. It was established in 2013 with Adams assistance and offers each recipient with a $10,000 prize. He is co-owner of the Israel Cycling Academy. The team was founded in 2015 and is a UCI Pro Continental team. In 2017 the first institute for sport's excellency in Israel was established in Tel Aviv University and is called the Sylvan Adams Cycling Network. He also donated money along with KKL-JNF Canada and others for the Sylvan Adams Commuter Path, a biking path which connects Tel Aviv with surrounding areas to allow people to commute to work by bicycle more quickly and safely. In May 2018, he established the first velodrome in Israel and the Middle East. He was the first to suggest the Giro d'Italia 2018 take place in Israel and donated 80 million dollars for this purpose. This was the first time that any stage of the Giro tour took place outside of Europe. He was named the Honorary President of the 2018 Giro d'Italia as a result. In 2018, he donated $5 million to SpaceIL, the non-profit organization that is working to land the first Israeli spacecraft on the moon. In 2019 the first UCI race will take place in Israel. The race is financially backed by Adams and will include 5 stages. In 2019, Adams was reported to be funding the cost of a performance by Madonna at the 2019 Eurovision Song Contest.
Hobbies
Adams has a passion for cycling, taking it up only in his 40s. In November 2017, he won the World Masters Championship in Manchester, England and has been a world time-trial champion many times.
