Federmann family, controlling owners of Elbit Systems
Organization
The Federmann family, Michael Federmann and his sons David, Gideon and Daniel, together hold an indirect economic interest of about 25.5% of Elbit Systems, according to Elbit's 2026 proxy statement, worth about $8.4B at September 2026 prices as calculated in this map. Through Federmann Enterprises and an affiliate the family votes about 41.2% of Elbit, a block valued at about $13.6B. Forbes puts the family's net worth at $9.6B (16 Sep 2026) and also credits it with about 44% of Dan Hotels. Elbit is Israel's largest weapons maker, producing 85% of the Israeli Air Force's drones and 85% of the army's land equipment; its Hermes 450 drone was used in the 2024 killing of seven World Central Kitchen aid workers in Gaza. Elbit's revenue reached $7.94B in 2025, and Francesca Albanese's July 2025 UN report calls it a pillar of Israel's military-industrial complex. The family's fortune rises with every contract for Israel's wars.
● confirmed by a primary document · ○ reported
Michael Federmann and his sons (David, Gideon, and Daniel) collectively hold an indirect economic interest of approximately 25.5% of outstanding shares.
the Board since August 2023, after serving as vice chair of the Board since 2015. He has served in various management capacities at Federmann Enterprises Ltd. (FEL), a privately-owned Israeli company, since 2000.
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.
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