Michael Recanati
| Michael Recanati | |
|---|---|
| Born | c. 1958 |
| Residence | Amagansett, New York, U.S. |
| Occupation | Businessman, philanthropist |
| Religion | Judaism |
| Spouse(s) | Ira Statfeld |
| Children | 1 son |
| Parent(s) |
Raphael Recanati Dina Hettena |
| Relatives |
Leon Yehuda Recanati (paternal grandfather) Oudi Recanati (brother) Leon Recanati (cousin) |
Michael Recanati (born c. 1958) is an American businessman, philanthropist and political donor. He is an heir to the Overseas Shipholding Group fortune. He is a large donor to the Democratic Party and the Democracy Alliance, a secretive left-wing funding network.
Early life
Michael Recanati was born circa 1958.[1] His father, Raphael Recanati, was a Greek-born Israeli-American businessman and philanthropist.[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.[2]
Career
Recanati started his career at his family business, the Overseas Shipholding Group, in 1978.[1] He stepped down in 1995.[1]
Recanati founded Orama, a venture capital firm was based in New York City and Tel Aviv, Israel, in 1999.[3] It closed down in 2001.[4] In 2008, Recanati founded Really Cool Foods, an organic food company.[5] It closed down in 2011.[6]
Recanati serves as the chairman of 511 Equities.[7] He also serves on the board of directors of the PEC Israel Economic Corporation.[7]
Philanthropy
Recanati endowed the Dina and Raphael Recanati Professorship in Immunology at the Harvard Medical School in honor of his parents in 1992.[8] With his husband, Recanati donated US$30 million to the Child Study Center at New York University in 2007.[2]
Political activity
Recanati is a major donor to the Democratic Party;[9][10] he donated US$800,000 to President Barack Obama, Anthony Weiner, Jon Corzine and Al Franken from 2000 to 2010.[5] From 2002 to 2006, he donated US$178,000 to the Democratic Senatorial Campaign Committee.[11]
Additionally, Recanati has made large donations to the Democracy Alliance, a secretive left-wing funding network.[5]
Personal life
Recanati is married to Ira Statfeld.[2] They met at school, when they were children.[2] The two men have an adopted son, who suffers from Asperger's Syndrome.[2] They reside in Amagansett, New York, where they raise chickens on their property.[12]
References
- 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.