Michael Federmann & family

$11.40 B

Ranked #263 in World

About Michael Federmann & family

Renowned Israeli billionaire and drone manufacturer, Michael "Mikey" Federmann, born in 1943, runs Federmann Enterprises Ltd and presides over Elbit Systems and Dan Hotels Corp. With degrees from Hebrew University and a distinguished military background in Sayeret Matkal, Federmann steered Elbit Systems to global UAV market leadership. His stewardship expanded Dan Hotels from a historic Tel Aviv establishment to an international brand, including the legendary King David Hotel. As of 2020, Forbes lists his net worth at $2.1 billion. Federmann also holds senior roles in esteemed academic institutions and is decorated with a CBE for enhancing UK-Israel business relations.

Born

September 09, 1943

Age

82 years

Source Of Wealth

Defense, Hotels

Industries

Technology

Citizenship

Israel

Residence

Tel Aviv

Michael Ilan Yoel "Mikey" Federmann, an Israeli drone manufacturer and billionaire, was born on September 9, 1943, in Haifa, Israel. His parents, Bella and Yekutiel "Ksil" Federmann, raised him alongside his sister, Irit Federmann-Landau.

Michael Federmann & family: Family

Federmann comes from a prominent Israeli family. His father, Yekutiel, was a successful businessman and co-founder of the Dan Hotels chain. His mother, Bella, was a homemaker. Federmann's sister, Irit Federmann-Landau, is a businesswoman and philanthropist.

Michael Federmann & family: Career Highlights

Federmann's career is marked by significant achievements in the defense and hospitality industries. He is the owner of Federmann Enterprises Ltd., an Israeli conglomerate with diverse interests. He serves as the Chairman of the Boards of Elbit Systems, a global leader in unmanned aerial vehicles (UAVs) and military defense technology, and Dan Hotels Corp., a renowned hotel chain in Israel.

Michael Federmann & family: Companies

Elbit Systems:

Federmann joined Elbit Systems when his El-Op company merged with it in 1998, effectively doubling its size. Under his leadership, Elbit Systems transformed into a major player in the global UAV market and military defense technology. Federmann's ambitious global buyout strategy propelled Elbit into a multibillion-dollar multinational corporation.

Dan Hotels:

Federmann continued the growth of Dan Hotels, capitalizing on the increasing tourism and business in Israel. The hotel group, which began as a boarding house on the Tel Aviv seafront purchased by his father and uncle in 1947, expanded into a national chain and ventured into India with their first hotel in Bengaluru. Dan Hotels includes the iconic King David Hotel in Jerusalem, which hosts heads of state and diplomats on behalf of the Israeli government.

Michael Federmann & family: Major Achievements

Federmann's major achievements include transforming Elbit Systems into a global leader in UAVs and military defense technology, expanding Dan Hotels into a national chain and venturing into India, and establishing Federmann Enterprises Ltd.

as a prominent Israeli conglomerate.

Michael Federmann & family: Awards & Achievements

Federmann's contributions have been recognized through prestigious awards and honors. He received an honorary doctorate from the Hebrew University of Jerusalem in 1996, the Israeli industry prize for electronics in 2005, and a CBE in Queen Elizabeth II's Birthday Honours list 2014 for his services to UK/Israel business cooperation and UK prosperity.

Michael Federmann & family: Personal Life & Legacy

Federmann is married to Leora, and they have three children: David, Gidi, and Daniel. His son Daniel is married to Sharona Pick, the daughter of renowned Israeli singer Svika Pick and sister-in-law of Hollywood director Quentin Tarantino. Federmann is known for his philanthropic endeavors and serves as the Chairman of the Board of Trustees of the Hebrew University of Jerusalem and a board member of the Weizmann Institute of Science.

Michael Federmann & family: Trivia

Federmann holds a bachelor's degree in economics and state studies and a master's degree in business administration from the Hebrew University. He served in the Israel Defense Forces' elite unit Sayeret Matkal, demonstrating his commitment to national service.

Wealth History

Timeline

September 9, 1943

Michael Ilan Yoel "Mikey" Federmann is born in Haifa, Israel.

1998

Federmann's El-Op company merges with Elbit Systems, doubling its size.

2005

Federmann receives the Israeli industry prize for electronics.

2010

Federmann is ranked 7th wealthiest in Israel by Maariv newspaper, with an estimated wealth of 6.5 billion Shekel ($1.4 billion).

2011

Federmann is ranked No. 879 on Forbes' List of billionaires.

2012

Federmann drops off the top 1000 ranking on Forbes' List of billionaires.

2014

Federmann is honored with a CBE in Queen Elizabeth II's Birthday Honours list for services to UK/Israel business cooperation and UK prosperity.

November 2020

Forbes estimates Federmann's net worth to be $2.1 billion.

Michael Federmann & family : FAQs

What is Michael Federmann's current net worth?

Michael Federmann's current net worth is $11.40 billion.

What is Michael Federmann's current global rank among billionaires?

Michael Federmann holds the 263rd position globally among billionaires.

What is Michael Federmann's current ranking within the Israel?

Michael Federmann holds the 5th position in Israel.

What was the change in Michael Federmann's net worth compared to the previous year?

Michael Federmann's net worth increased by 3.57 billion dollars compared to the previous year 2025, when his net worth was 7.84 billion dollars.

What is the recent change in Michael Federmann's net worth?

Michael Federmann's net worth increased by 523.47 million dollars recently, a 4.59% increase, with his net worth standing at 11.40 billion dollars.

What are Michael Federmann's main sources of wealth?

Michael Federmann's main source of income comes from Defense, Hotels.

In which industry does Michael Federmann primarily operate?

Michael Federmann is primarily involved in the Technology industry.

How old is Michael Federmann?

Michael Federmann is 82 years old.

How many children does Michael Federmann have?

Michael Federmann has 3 children.

Who is Mikey Federmann and what is his involvement in Israeli drone manufacturing?

Michael Ilan Yoel 'Mikey' Federmann is an Israeli drone manufacturer and billionaire who is the owner of Federmann Enterprises Ltd. He significantly contributed to the success of Elbit Systems, leading it to become a global powerhouse in the Unmanned Aerial Vehicle (UAV) market and in military defense technology.

How did Dan Hotels grow under Mikey Federmann's leadership?

Under Mikey Federmann's leadership, Dan Hotels expanded its reach by capitalizing on the growth of tourism and business in Israel, growing from a boarding house into a national chain with international expansion, including a hotel in Bengaluru, India. The group also manages the prestigious King David Hotel in Jerusalem.

What is Mikey Federmann's background and his role in the Israeli Defense Forces?

Mikey Federmann was born in Haifa, Israel, and is the son of Bella and Yekutiel 'Ksil' Federmann, and brother of Irit Federmann-Landau. He holds a bachelor's degree in economics and state studies and a master's in business administration from the Hebrew University and served in the Israel Defense Forces' elite unit Sayeret Matkal.

Which senior positions does Mikey Federmann hold, and who are his family members with notable connections?

Mikey Federmann holds several senior positions including Chairman of the Board of Elbit Systems, Dan Hotels, and the Board of Trustees of the Hebrew University of Jerusalem. He is married to Leora, with three children, and his son Daniel is married to Sharona Pick, the daughter of Svika Pick and sister-in-law of Quentin Tarantino.