#287 Billionaire
Michael Federmann & family
$10.7B
$-143M
(-1.3%)
IL
· Age 82
Source of wealth: Defense, hotels
Industry: technology
Residence: Tel Aviv, IL
{
"bio": [
"Michael Federmann is chairman of Federmann Enterprises, a family-owned private holding company with diversified interests.",
"Through the family holding group, he owns an estimated 27% of Elbit Systems, a $5.5 billion (2022 sales) defense and homeland security tech company.",
"He also owns an estimated 44% of Dan Hotels, a publicly traded Israeli hotel chain, through his family holding company."
],
"about": [
"Federmann is president of the Israel-Germany Chamber of Industry and Commerce and an Honorary Commander of the Order of the British Empire."
]
}
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