Michael Recanati
Michael Recanati | |
---|---|
Born | c. 1958 |
Cause of death | Cancer[1] |
Resting place | Kfar Shmaryahu, Israel |
Residence | Amagansett, New York, U.S. |
Nationality | American |
Occupation | Businessman, philanthropist |
Children | 1 |
Parent(s) | Raphael Recanati |
Relatives |
Leon Yehuda Recanati (paternal grandfather) Leon Recanati (cousin) |
Michael Recanati (c. 1958–2015) was an American businessman, philanthropist and political donor. He was an heir to the Overseas Shipholding Group fortune. He was a large donor to the Democratic Party and the Democracy Alliance, a network of left-wing political donors.
Early life
Michael Recanati was born circa 1958.[2] His father, Raphael Recanati, was a Greek-born Israeli-American businessman and philanthropist.[2] He has a brother, Oudi[1] His paternal grandfather, Leon Yehuda Recanati, was a Greek-born Israeli businessman.
Recanati was educated in a Jewish private school in Manhattan, New York City.[3]
Career
Recanati started his career at his family business, the Overseas Shipholding Group, in 1978.[2] He stepped down in 1995.[2]
Recanati founded Orama, a venture capital firm was based in New York City and Tel Aviv, Israel, in 1999.[4] It closed down in 2001.[5] In 2008, Recanati founded Really Cool Foods, an organic food company.[6] It closed down in 2011.[7]
Recanati served as the chairman of 511 Equities.[8] He also served on the board of directors of the PEC Israel Economic Corporation.[8]
Philanthropy
Recanati endowed the Dina and Raphael Recanati Professorship in Immunology at the Harvard Medical School in honor of his parents in 1992.[9] With his partner, Recanati donated US$30 million to the Child Study Center at New York University in 2007.[3]
Political activity
Recanati was a major donor to the Democratic Party;[10][11] he donated US$800,000 to President Barack Obama, Anthony Weiner, Jon Corzine and Al Franken from 2000 to 2010.[6] From 2002 to 2006, he donated US$178,000 to the Democratic Senatorial Campaign Committee.[12] Recanati has made large donations to the Democracy Alliance, a network of donors to progressive or left-wing causes.[6]
Personal life
Recanati had been married to Ira Statfeld.[3] They met at school, when they were children.[3] Recanati and Statfeld adopted a son Rafe, who suffers from Asperger's Syndrome.[3] They resided in Amagansett, New York, where they raised chickens on their property.[13]
References
- 1 2 The IDC Herzliyan Winter 2016 Update
- 1 2 3 4 Nassie, Jonathan (November 7, 1996). ""Bloomberg": Rafael Recanati Dismissed Son from Family Shipping Co Management". Globes. Retrieved March 12, 2016.
- 1 2 3 4 5 Hughes, Robert J. (April 20, 2007). "Bridging the Rural Charity Gap". The Wall Street Journal. Retrieved March 12, 2016.
- ↑ "Company Overview of Orama Ltd". Bloomberg Business. Retrieved March 13, 2016.
- ↑ Shalev, Shai (November 18, 2001). "IDB closing down Orama Partners". Globes. Retrieved March 13, 2016.
- 1 2 3 McMorris, Bill (August 15, 2012). "Michael Recanati: The Anti-Midas Touch". Washington Free Beacon. Retrieved March 12, 2016.
- ↑ "Indiana's Really Cool Foods closes doors". BusinessWeek. November 28, 2011. Retrieved March 13, 2016.
- 1 2 "Company Overview of PEC Israel Economic Corp.: Michael Recanati". Bloomberg Business. Retrieved March 13, 2016.
- ↑ Maluf, Nell M. (February 19, 1992). "Chair Endowed for AIDS Scientist". The Crimson. Retrieved March 12, 2016.
- ↑ "Michael Recanati Contributions". Inside Gov. Retrieved March 13, 2016.
- ↑ "Michael Recanati Political Campaign Contributions 2008 Election Cycle". Campaign Money. Retrieved March 13, 2016.
- ↑ Kredo, Adam (February 17, 2012). "Shipping with the Enemy: Company that shipped with Iran contributed mainly to Democrats". Washington Free Beacon. Retrieved March 13, 2016.
- ↑ Beller, Peter C. (June 6, 2005). "Roosterban in Chickenhampton: Late-sleeping summer people do battle with the fowl-loving locals.". New York Magazine. Retrieved March 12, 2016.