Since 2002, Federmann has been the owner of Israeli conglomerate Federmann Enterprises Ltd which was started by his father and uncle. His cousin Ami Federmann also holds a stake. Federmann chairs the boards of its two biggest publicly traded holdings: defense electronics maker
Elbit Systems and luxury hotel operator
Dan Hotels Corp.
Elbit Federmann joined Elbit when his El-Op company merged with it in 1998. That doubled it in size. Elbit was naturally going to benefit from the global growth of the UAV market however, the 700% growth of Elbit over the following decade was also largely due to Federmann and CEO David Ackerman's leadership of Elbit Systems. They embarked on an ambitious global buyout strategy for the sake of growth. The strategy has made Elbit into a multibillion-dollar multinational.
Dan Hotels Under the aegis of Federmann the hotel group has continued to grow, thanks to growing tourism and business in the country as well as ongoing expansion of the chain.
Dan Hotels began as a boarding house on the Tel Aviv seafront that was purchased by his father and uncle in 1947. Over the following decades it grew to be a national chain. It has expanded its horizon to India. Their first hotel in India is in the Silicon City, Bengaluru. The Den Bengaluru is located in Whitefield. Part of the chain is the
King David Hotel in Jerusalem. ==Wealth==