Mikey Federmann: Chairman of Elbit Systems and Dan Hotels with NIS 35 Billion Family Fortune
Mikey Federmann, chairman of Elbit Systems and Dan Hotels, oversees a family fortune of NIS 35 billion, largely derived from a 42% stake in the defense company, which boasts a record order backlog of $25.2 billion. Despite the strong performance of Elbit, Dan Hotels has faced challenges with stagnant revenue and a loss of NIS 18 million due to declining tourism. At 80, Federmann remains connected to the hospitality sector, reflecting the family's historical ties to the industry.

Mikey Federmann, chairman of Elbit Systems and Dan Hotels, has a family fortune valued at NIS 35 billion. His wealth primarily stems from a controlling interest in Elbit Systems, a leading Israeli defense company, alongside the Dan Hotel chain he manages.
The Federmann family originally gained a 32.5% stake in Elbit through a merger and Mikey later acquired additional shares, bringing the family's ownership to 42%, currently valued at NIS 32 billion. Elbit's recent financial performance includes a record order backlog of $25.2 billion, boosted by a $2.3 billion undisclosed contract reportedly with the UAE.
In contrast, Dan Hotels reported stagnant revenue and a loss of NIS 18 million amid a decline in tourism due to recent conflicts. Federmann, who retired from active roles at age 80, remains closely connected to the hospitality business, reflecting the family's foundational ties to tourism.




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