Rank #665
Steve Lavin & family
Net worth $6.3B
Meat processing · United States
- Born
- Jul 27, 1955
- Age
- 70
- Source
- Meat processing
- Residence
- Chicago, Illinois
- Citizenship
- United States
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- Steve Lavin chairs OSI Group, one of the world's biggest food processing companies.
- A lawyer by training, Lavin took control of the business after the death of his father, Sheldon Lavin, in 2023.
- OSI began stamping McDonald's burgers in 1955, on a handshake deal with Ray Kroc, and is still a major supplier to the Golden Arches.
- The $7.9 billion (est. sales) company has also churned out DiGiorno frozen pizzas for Nestlé; steak, carnitas, barbacoa, sofritas, beans and salsas for Chipotle and Oscar Mayer wieners for Kraft.
- OSI's vast global network now spans 65 plants across 18 countries.
- German immigrant Otto Kolschowsky started a butcher shop in the Chicago suburbs in 1909 which eventually became OSI.
- Lavin's father, Sheldon, came to OSI as a consultant in 1970, eventually taking over the business in the 1980s and acquiring an estimated 90% stake over time.