Early Life
Arnon Milchan was born on December 6, 1944, in Rehovot, Mandatory Palestine (now Israel). His family is of Jewish heritage. Milchan's father owned a fertilizer company, which Arnon inherited at age 21 after his father's death. He studied at the London School of Economics and the University of Geneva.
Rise to Success
Arnon transformed the nearly bankrupt fertilizer company into a successful chemical business. By the mid-1970s, the business was worth $125 million. He then diversified into chemicals, plastics, and international exports. Milchan was recruited to work for the Israeli intelligence organization Lekem. He entered the film industry in 1977 and formed valuable relationships with influential figures like Martin Scorsese and Robert De Niro. He founded New Regency Productions in 1991.
Key Business Strategies
Milchan's key to success includes forming strong connections and producing films with critical and commercial success. New Regency Productions has produced over 120 full-length motion pictures. Milchan has been involved in over 130 full-length motion pictures.
Philanthropy
Specific philanthropy amounts are not readily available in the search results. Milchan has expressed a desire for teachers to be the highest paid people in Israel.