#656

Steve Lavin & family

United States 70 years old

Overview

Source of Wealth
Meat processing
Residence
Chicago, Illinois

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.

About

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.