Article

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.