Michael Strauss & family

$1.10 B

Ranked #1057 in World

About Michael Strauss & family

Michael Strauss","a German-born business magnate who led the Strauss Group from 1975 to 2011","passed away in 2020. As the son of the company","s founders and a Harvard-educated industrialist, Strauss played a pivotal role in transforming the Israeli food industry through strategic partnerships and acquisitions, notably with Unilever and Danone. Under his leadership, Strauss Group became Israel\"s second-largest food product conglomerate. His career was distinguished by numerous awards, including the Israel Industry Prize in 1983 and recognition for his contributions to the Israeli economy and society. Strauss\"s legacy extends beyond his business achievements, marked by his commitment to education, economy, and tourism in Israel.

Born

May 01, 1934

Died

October 17, 2020 (aged 86)

Source Of Wealth

Food, Beverages

Industries

Food And Beverage

Citizenship

Israel

Children

Parent

Dr. Richard Strauss, Hilda Strauss

Michael Strauss was born in 1934 in Germany to Hilda and Dr. Richard Strauss, the founders of Strauss-Elite. In 1936, the family immigrated to Mandatory Palestine and settled in Nahariya.

Michael Strauss & family: Family

Michael Strauss was married twice. His first marriage was to Ella, with whom he had three children: Ofra, Irit, and Adi. The couple divorced in 1981. In 1996, he married Revital (born 1964), but they divorced in 2008.

Michael Strauss & family: Career Highlights

Michael Strauss's business career took off when he was appointed chairman of Strauss Group in 1975, following the death of his father. Under his leadership, the company underwent significant transformations. He spearheaded strategic partnerships with global food giants Unilever and Danone, and oversaw major mergers and acquisitions in the Israeli food industry, most notably the acquisition of Elite.

Strauss's vision and strategic acumen transformed Strauss Group from a dairy-focused business into the second-largest Israeli food product conglomerate. He continued to serve as a board member in the public company until 2011, while retaining chairmanship and co-ownership (with his sister Raya Strauss) of Strauss Holdings, the private company controlling Strauss Group.

Michael Strauss & family: Companies

Michael Strauss was closely associated with the following companies:

Strauss Group
Strauss-Elite
Strauss Holdings
Unilever
Danone
Elite

Michael Strauss & family: Major Achievements

Michael Strauss's major achievements include:

Transforming Strauss Group from a dairy-focused business to a diversified food product conglomerate.
Leading strategic partnerships with Unilever and Danone.
Overseeing significant mergers and acquisitions in the Israeli food industry.
Serving as chairman of Strauss Group for over two decades.
Continuing as a board member in the public company until 2011.
Retaining chairmanship and co-ownership of Strauss Holdings.

Michael Strauss & family: Awards & Achievements

Michael Strauss received numerous awards and recognitions throughout his career, including:

1977-1978: Chairman of the Israel Publishers' Association.
1983: Israel Industry Prize named after Elihau Fromenchenko for managing achievements and initiatives in developing private industry in Israel.

1987-1991: Head of the food division in the Israeli industry association.
1989-1997: Chairman of "HAMIL" - Israeli Center for Managements and Marketing.
2006: D&B Company award for excellence in directorship.
2006: Honorary resident of Acre, Israel, for contributions to education, economy, and tourism.
2007: Letter of appreciation from Israeli Prime Minister Ehud Olmert for lifetime achievement and contributions to the development of the Israeli Galilee and Israel's strength.

Michael Strauss & family: Personal Life & Legacy

Michael Strauss was known for his philanthropic endeavors and contributions to education, economy, and tourism in Israel. He held a degree in Business Management from Harvard University and was actively involved in various industry associations and organizations.

Strauss passed away in 2020, leaving behind a legacy of business success, innovation, and social responsibility.

Michael Strauss & family: Trivia

Michael Strauss was a passionate art collector and supporter of the arts in Israel.
He was an avid traveler and enjoyed exploring different cultures and cuisines.
Strauss was known for his charismatic personality and strong leadership style.
He was a dedicated family man and took great pride in his children and grandchildren.

Wealth History

Timeline

1934

Michael Strauss is born in Germany.

1936

Michael Strauss immigrates to Mandatory Palestine with his family and settles in Nahariya.

1975

Michael Strauss is appointed chairman of Strauss Group after his father's death.

1977-1978

Michael Strauss serves as Chairman of the Israel Publishers' Association.

1981

Michael Strauss divorces his first wife, Ella.

1983

Michael Strauss receives the Israel Industry Prize named after Elihau Fromenchenko for managing achievements and initiatives in developing private industry in Israel.

1987-1991

Michael Strauss heads the food division in the Israeli industry association.

1989-1997

Michael Strauss serves as Chairman of "HAMIL" - Israeli Center for Managements and Marketing.

1996

Michael Strauss marries his second wife, Revital.

2001

Michael Strauss steps down as chairman of Strauss-Elite.

2006

Michael Strauss receives the D&B Company award for excellence in directorship.

2006

Michael Strauss is named an honorary resident of Acre, Israel, for his contributions to education, economy, and tourism.

2007

Michael Strauss receives a letter of appreciation from Israeli Prime Minister Ehud Olmert for lifetime achievement and contributions to the development of the Israeli Galilee and Israel's strength.

2008

Michael Strauss divorces his second wife, Revital.

2011

Michael Strauss steps down as a board member of Strauss Group.

2020

Michael Strauss passes away.

Michael Strauss & family : FAQs

What is Michael Strauss's net worth?

As of 2011, Michael Strauss's net worth was $1.10 billion.

What are Michael Strauss's main sources of wealth?

Michael Strauss's main source of income comes from Food, Beverages.

In which industry does Michael Strauss primarily operate?

Michael Strauss is primarily involved in the Food And Beverage industry.

Is Michael Strauss dead?

Yes, Michael Strauss died on October 17, 2020 (aged 86).

How many children does Michael Strauss have?

Michael Strauss has 3 children.

Who was Michael Strauss and what was his role in Strauss-Elite?

Michael Strauss was a German-born business magnate and industrialist, who served as the Chairman of Strauss-Elite from 1975 to 2001. He was the son of the company's founders, Hilda and Dr. Richard Strauss.

What significant partnerships and acquisitions did Michael Strauss lead for Strauss Group?

Michael Strauss led strategic partnerships with Unilever and Danone, and oversaw significant mergers and acquisitions in the Israeli food industry, notably with Elite, transforming Strauss Group into a major conglomerate.

What awards and recognitions did Michael Strauss receive during his career?

Throughout his career, Michael Strauss received several awards including the Israel Industry Prize in 1983, the D&B Company award for excellence in directorship in 2006, and was named an honorary resident of Acre, Israel, for his contributions to education, economy, and tourism.

How did Michael Strauss contribute to the Israeli economy and society?

Michael Strauss significantly contributed to the Israeli economy by leading the transformation of Strauss Group into a leading food product conglomerate. He also received recognition for his contributions to education, economy, and tourism in Acre, Israel.