Michael Federmann
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- Name
- Michael Federmann
- Net Worth
- 3.4 Billion USD
- Birth Date
- 9 September 1943
- Age
- 81
- Country
- Israel
- City
- Tel Aviv
- Business
- Technology
Michael Federmann, a prominent Israeli billionaire, has made significant contributions across various industries, particularly in defense, hospitality, and real estate. Born in 1943 in Tel Aviv, Federmann inherited and expanded the family business, which was originally founded by his father, Ernst Federmann.
Federmann is the Chairman of the Board of Directors of Federmann Enterprises Ltd., a diversified conglomerate with interests in defense technology through Elbit Systems, one of the world's largest defense electronics companies. Elbit Systems, founded in 1966 and led by Michael Federmann for many years, specializes in developing advanced defense and homeland security solutions, including communication systems, unmanned aircraft systems (UAS), and cyber intelligence.
In addition to defense technology, Michael Federmann's business interests extend into hospitality and real estate through his ownership and management of luxury hotels and resorts in Israel and abroad. Federmann Enterprises also has investments in financial services, infrastructure, and technology, reflecting his diversified approach to business and investment.
Federmann is known for his philanthropic activities, supporting various educational and cultural institutions in Israel. His contributions aim to foster innovation, entrepreneurship, and social welfare initiatives, benefiting communities across the country.
Michael Federmann's entrepreneurial journey and leadership in Israel's defense and hospitality sectors highlight his strategic vision, business acumen, and commitment to advancing technology and economic development. His influence extends beyond business, making a significant impact on Israel's defense capabilities and contributing to the country's growth and prosperity.
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