Age, Biography and Wiki

Aaron Feuerstein is a businessman and philanthropist who served as the CEO of Malden Mills Industries, a textile manufacturing company in Lawrence, Massachusetts. He is best known for his decision to keep the company's employees on the payroll after a 1995 fire destroyed the factory. Feuerstein was born on December 11, 1925, in Brookline, Massachusetts. He attended Harvard University, where he earned a degree in economics in 1947. After college, he joined the family business, Malden Mills Industries, which was founded by his grandfather in 1906. Feuerstein served as CEO of Malden Mills from 1959 until 2001. In 1995, a fire destroyed the company's factory, but Feuerstein decided to keep the employees on the payroll while the factory was rebuilt. This decision was praised by many, including President Bill Clinton, who called Feuerstein "a national hero." Feuerstein has also been active in philanthropy. He has donated millions of dollars to various charities, including the United Way, the Jewish Federation of Greater Boston, and the American Red Cross. Feuerstein is 96 years old.

Popular As N/A
Occupation Businessman
Age 95 years old
Zodiac Sign Sagittarius
Born 11 December 1925
Birthday 11 December
Birthplace Brookline, Massachusetts, U.S.
Date of death November 04, 2021
Died Place Brookline, Massachusetts, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 11 December. He is a member of famous CEO with the age 95 years old group.

Aaron Feuerstein Height, Weight & Measurements

At 95 years old, Aaron Feuerstein height not available right now. We will update Aaron Feuerstein's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
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Who Is Aaron Feuerstein's Wife?

His wife is Marika Rosenbaum Louise Feuerstein (m. 1988-2013)
Family
Parents Samuel (father)
Wife Marika Rosenbaum Louise Feuerstein (m. 1988-2013)
Sibling Not Available
Children Not Available

Aaron Feuerstein Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Aaron Feuerstein worth at the age of 95 years old? Aaron Feuerstein’s income source is mostly from being a successful CEO. He is from United States. We have estimated Aaron Feuerstein's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income CEO

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Timeline

2021

Feuerstein died of pneumonia on November 4, 2021, in a Boston hospital at the age of 95.

2001

This cost Feuerstein $25,000,000, his CEO position, and a November 2001 filing of chapter 11 bankruptcy. The company achieved solvency again with the help of creditor generosity and government subsidies. Malden Mills later garnered some lucrative Department of Defense (DOD) contracts for "smart" products that interweave fiber optic cabling, electronic biosensors, and USB ports into polar fleece fabric. Malden Mills was awarded a $16 million DOD contract in 2006. In January 2007, however, Malden Mills filed for bankruptcy again and ended production in July. The company's underfunded (by 49%) pension was abandoned due to sale of corporate assets.

1998

An industrialist and philanthropist, for setting the standard for commitment to employees following a devastating fire at his Malden Mills manufacturing plant, he was awarded the Peace Abbey Courage of Conscience Award on March 13, 1998.

1997

Feuerstein was an alumnus of Camp Modin in Belgrade, Maine, and the keynote speaker at the 75th annual reunion in 1997. Feuerstein was also a member of Young Israel of Brookline.

1995

When the Malden Mills factory burned down on December 11, 1995, Feuerstein used his insurance money to rebuild it, and to pay the salaries of all the now-unemployed workers while it was being rebuilt. Feuerstein spent millions keeping all 3,000 employees on the payroll with full benefits for ninety days. He came to prominence globally by going against common business practices, especially at a time when many companies were downsizing and moving overseas. "By the end of 1996 the plant was rebuilt."

1925

Aaron Mordechai Feuerstein (December 11, 1925 – November 4, 2021) was an American industrialist, philanthropist, and the third-generation owner and CEO of Malden Mills in Lawrence, Massachusetts. Some remember him as “The mensch who saved Christmas” when he publicly said “I am not throwing three thousand people out of work, two weeks before their holiday.”

Feuerstein, a Jew, was born in Brookline, Massachusetts, on December 11, 1925. He attended Boston Latin School and graduated from Yeshiva University in 1947, majoring in English and philosophy.

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