Michael Federmann & family Net Worth

Michael Federmann and his family were born in Israel and are the owners of the Israeli conglomerate Federmann Enterprises, which was started by his late father and uncle. He chairs the boards of its two biggest publicly traded holdings, Elbit Systems and Dan Hotels Corp. The hotel group has seen significant growth due to the booming tourism and business in the country, and is now expanding into India. In addition to his business ventures, Federmann is also the deputy chairman of the board of the Hebrew University in Jerusalem and a board member of the Weizmann Institute of Science.
Michael Federmann & family is a member of Technology

Age, Biography and Wiki

Birth Place Israel

💰 Net worth: $1.4 Billion

Michael Federmann & family, one of the prominent figures in Israel's technology industry, are estimated to have a net worth of $1.4 billion in 2024. Led by Michael Federmann, the family has made significant contributions to the advancement of technology in Israel. Their wealth and success stem from their involvement in various technology ventures and investments. Recognized as pioneers in the field, the Federmanns have played a vital role in fostering innovation and supporting the growth of the Israeli technology sector.

2010 $1.4 Billion
2011 $1.4 Billion
2018 $1.4 Billion

Some Michael Federmann & family images



Under the aegis of Federmann the hotel group has continued to grow, thanks to growing tourism and Business in the country as well as ongoing expansion of the chain. Dan Hotels began as a boarding house on the Tel Aviv seafront that was purchased by his Father and uncle in 1947. Over the following decades it grew to be a national chain. It is now expanding into India. Part of the chain is the iconic King David Hotel in Jerusalem, which since its founding in 1932 until this day hosts heads of state and diplomats on behalf of the Israeli government on their visits to Israel.


Federmann joined Elbit when his El-Op company merged with it in 1998. That doubled it in size. Elbit was naturally going to benefit from the global growth of the UAV market however, the 700% growth of Elbit over the following decade was also largely due to Federmann and CEO David Ackerman's leadership of Elbit Systems. They embarked on an ambitious global buyout strategy for the sake of growth. The strategy has made Elbit into a multibillion-dollar multinational.


Since 2002, Federmann has been the owner of Israeli conglomerate Federmann Enterprises Ltd which was started by his late Father and uncle. His cousin Ami Federmann also holds a stake. Federmann chairs the boards of its two biggest publicly traded holdings: defense electronics maker Elbit Systems and luxury hotel operator Dan Hotels Corp.


He was ranked 7th wealthiest in the Maariv newspaper's top 100 in Israel in 2010 with an estimated wealth of 6.5 Billion Shekel (approximately $1.4 Billion). In that year he was ranked No. 721 in the Forbes list of billionaires. In 2011 he was ranked No. 879 and in 2012 he dropped off the ranking of the top 1000.