Federmann family holding company; controls Elbit Systems
Company · Israel · Organization
Federmann Enterprises is the private Israeli holding company of billionaire Michael Federmann, started by his father and uncle, and its main asset is control of Elbit Systems, Israel's largest private arms manufacturer. It held 19.3M Elbit shares (41.2%) as of June 17, 2026, a block worth about $13.6B at the end of Sept 2026. Its other big listed holding is Dan Hotels. Michael Federmann controls the vote. He and his sons David, Gideon and Daniel hold an indirect economic interest of about 25.5% of Elbit, and David has chaired Elbit since Aug 2023. Forbes estimated Michael Federmann's net worth at $6.6B in Nov 2025. The family fortune rises with Elbit's war business: a record $32.0B backlog at mid-2026 and new Israeli munitions orders in 2026. Elbit's Hermes 450 drone killed seven World Central Kitchen aid workers in Gaza. The drones pay for the hotels.
● confirmed by a primary document · ○ reported
As of June 17, 2026, Federmann Enterprises Ltd. held 19,318,508 shares ... Mr. Federmann controls, directly and indirectly, the vote of Shares owned by Heris and FEL (approximately 41.2% of our outstanding Shares).
Federmann Enterprises Ltd. ... 19,318,508 ... 41.2% of our outstanding Shares
(1) Michael Federmann, a member of our Board, has the right to control the voting of the 19,318,508 ordinary shares (i.e., approximately 41.5% of our outstanding ordinary shares) that are owned, directly and indirectly, by FEL (the FEL Share Position)
Michael Federmann, who serves as a member of our board of directors, is (through entities under his control) the controlling shareholder of FEL, and he is also the chair of the board and the chief executive officer of FEL.
The family controls Elbit Systems through a private company called Federmann Enterprises, owned by Mikey Federmann and his children David, Gideon, and Daniel; his sister Irit; his cousin Ami and his children; and their mother, Ruth Federmann.
Michael Federmann and his sons, David (who also serves as the chair of Elbit Systems’ Board), Gideon and Daniel Federmann, collectively hold an indirect economic interest equivalent to approximately 25.7% of our outstanding ordinary shares, with Michael Federmann holding an approximately 5.13% economic interest, David Federmann holding an approximately 8.2% economic interest, and each of Gideon and Daniel Federmann holding an approximately 6.15% economic interest.
The family controls Elbit Systems through a private company called Federmann Enterprises, owned by Mikey Federmann and his children David, Gideon, and Daniel;
Michael Federmann is the trustee of a trust on behalf of his sister, Irith Federmann-Landeau, that holds an indirect non-voting economic interest of approximately 7.26% in our outstanding ordinary shares through an indirect approximately 17.5% non-voting interest in FEL.
The family controls Elbit Systems through a private company called Federmann Enterprises, owned by Mikey Federmann and his children David, Gideon, and Daniel; his sister Irit; his cousin Ami and his children; and their mother, Ruth Federmann.
Since 2002, Federmann has been the owner of Israeli conglomerate Federmann Enterprises Ltd which was started by his father and uncle. ... its two biggest publicly traded holdings: defense electronics maker Elbit Systems and luxury hotel operator Dan Hotels Corp. ... As of November 2025, Forbes estimates Federmann's net worth to be $6.6 billion.
He has served in various management capacities at Federmann Enterprises Ltd. (FEL), a privately-owned Israeli company, since 2000. FEL, directly and through subsidiaries, holds a diversified portfolio of investments, including ownership of approximately 41.5% of the Company’s outstanding shares.
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