The billionaire has previously said that he is not personally interested in an active political life, but he wants to be the man who determines who becomes prime minister.
The billionaire is Russian-born Israeli Arcadi Gaydamak. The prime minister he wants to install is U.S. neocon’s best friend Bibi Netanyahu.
Gaydamak will start a new party in Israel promising "market economy, increased taxation for high earners and a significantly stronger welfare state." He later wants to join it with Likud.
As his ally Netanyahu is a proven arch neoliberal, the political program is of course a scam. But it helps to buy the needed votes of the hawkish but poor Russian immigrants – a sixth part of the Israeli population.
Gaydamak is wanted for illegal arms-for-oil deals with Angola which fueled the civil war there. He had bought the Angolan government by providing old Russian weapons and bribing it to give him very lucrative oil deals.
The story of that resource war in Angola and Gaydamak’s role is told in All The Presidents Men (this is not the Bernstein/Woodward Watergate book) which I recommend. There are also connections to Cheney’s old company Halliburton, Bush and the GOP.
Politics and policy in Israel are already in bad shape. With a crook like Gaydamak buying himself the Israeli democracy, they will certainly get worse.