Rank #1564
S. Daniel Abraham
Net worth $2.4B
Slim-Fast · United States
- Born
- Aug 15, 1924
- Age
- 101
- Source
- Slim-Fast
- Residence
- Palm Beach, Florida
- Citizenship
- United States
- Marital status
- Married
- Children
- 6
- Education
- Diploma, High School
Net worth over time
Biography
- S. Daniel Abraham founded Slim-Fast in 1976. Sales exploded in the late 1980s when former LA Dodgers manager Tommy Lasorda became its spokesman.
- Abraham sold the weight loss and meal substitute company to Unilever for $2.3 billion in cash in 2000.
- Since then, he's largely taken a risk-averse approach to investing, keeping most of his fortune in cash and liquid assets.
- In 2014, Unilever sold the majority of Slim-Fast to Texas private equity firm Kainos Capital for an undisclosed sum.
- Abraham donated $3 million to Hillary Clinton's failed 2016 presidential run.
- Abraham served as an infantryman in the U.S. Army in the 1940s during World War II.
- As founder and chairman of the S. Daniel Abraham Center for Middle East Peace, he advocates for a peaceful resolution to the Arab-Israeli conflict.