Table of Contents
Net Worth
| Category | Details |
|---|---|
| Net Worth | $2 billion |
| Salary | N/A (retired) |
| Birthdate | 1924 |
| Birthplace | Long Beach, New York |
| Gender | Male |
| Height | N/A |
| Profession | Businessman |
| Nationality | American |
According to public sources, S. Daniel Abraham has an estimated net worth of $2 billion. Although currently retired, Abraham made his fortune as the creator of the popular weight loss brand Slim-Fast.
Highlights
– S. Daniel Abraham has a net worth of $2 billion.
– He was born in 1924 in Long Beach, New York.
– Abraham built his fortune with the weight loss brand Slim-Fast.
– He took $2.3 billion from Unilever for the product in 2000.
– Abraham is politically active and has funded Barack Obama’s presidential campaigns.
– He is the founder of the S. Daniel Abraham Center for Middle East Peace.
Early Life
S. Daniel Abraham was born in 1924 in Long Beach, New York. Not much is known about his early life and upbringing.
Career
Abraham’s successful career began in 1976 when he created Slim-Fast, a weight loss brand that gained immense popularity. However, the product’s reputation took a hit in subsequent years as sales declined by 34% and it received criticism for offering short-term solutions that ultimately resulted in weight gain for some users.
In 2000, Abraham sold Slim-Fast to Unilever for a staggering amount of $2.3 billion. Despite the controversies surrounding the product, this business venture significantly contributed to his net worth.
Aside from his entrepreneurship, S. Daniel Abraham is well-known for his political involvement and philanthropic endeavors. He devoted his time and money to activities such as funding Barack Obama’s presidential campaigns and establishing the S. Daniel Abraham Center for Middle East Peace. The center, located in Washington DC, focuses on promoting debate and advocating for a two-state solution to the Israeli-Palestinian conflict.
Personal Life
S. Daniel Abraham leads a private personal life. Information regarding his family, relationships, and personal interests is not widely available.
Net Worth Over Time
S. Daniel Abraham’s net worth has fluctuated over time due to various factors, including his involvement in business ventures and philanthropic efforts. While his net worth grew significantly from the sale of Slim-Fast in 2000, it may have been impacted by subsequent investments and charitable donations.
Components of Net Worth
S. Daniel Abraham’s net worth primarily comes from the sale of Slim-Fast, which yielded him $2.3 billion in 2000. His other business ventures and investments may have contributed to his wealth as well. Additionally, Abraham’s political contributions and philanthropic activities indicate a dedication to causes such as Middle East peace, education, and healthcare.
In conclusion, S. Daniel Abraham has enjoyed a successful career as an entrepreneur, particularly with the creation of the Slim-Fast brand. Despite controversies surrounding the product, Abraham’s net worth stands at approximately $2 billion, allowing him to support various political and philanthropic endeavors.
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