S. Daniel Abraham
Overview
- Source of Wealth
- Slim-Fast
- Industry
- Food & Beverage
- Residence
- Palm Beach, Florida
- Organization
- Chairman at S. Daniel Abraham Center for Middle East Peace
- Education
- High School (Diploma)
- Marital Status
- Married
- Children
- 6
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.
About
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.