Antranig Baghdassarian Donates $5 Million
More than $15 million was collected during the 2016 Armenia All-Hayastan Fund telethon on November 24, 2016 held in Los Angeles.
The total amount includes donation form various fundraising events organized by various affiliates of Armenia Fund, in various countries.
The major donors this year were from Los Angeles, Mr. Antranig Baghdassarian and Seta Baghdassarian, who donated $5 million. This amount is the third largest donation ever made any an individual to the telethon during the past 20 years.
Mr. Baghdassarian is the owner of Karoun Dairies, inc., headquartered in California. He also has served as President of Armenia Fund, Western USA, but resigned last year.
The second major donor was Mr. Samvel Karapetyan, who donated $1 million, as he always donates large amounts every year. Karapetyan is an Armenian-born, Russian businessman, the owner of the real estate firm Tashir Group. His net worth is $3.36 billion.