DD Support Board and Research Team

[bar1080]

Since when is a stock transfer company worth~a_billion? This says the extended family was worth 3.2 billion in 2015. #86 among America's richest families... the Karfunkels.

"Brothers George and Michael moved to New York from Hungary in the 1950s. They made their first fortune handling investors' paperwork at their stock transfer agency, which they sold for an estimated $900 million in 2008 to an Australian private equity firm. Their second fortune is still growing. George, Michael and other family members are majority shareholders of publicly traded insurance firm AmTrust Financial, founded in 1998. They also own large stakes in several other insurance companies, including National General Holdings and Maiden Holdings. The biggest part of $4.1 billion (sales) AmTrust is workers' compensation insurance, a low-margin business that AmTrust makes up for with high volume. Michael's son-in-law, Barry Zyskind, is AmTrust CEO. George and Michael are also active real estate investors, with buildings in New York and Chicago. An estimated 5 family members share the fortune."

https://www.forbes.com/profile/karfunkel/#a38037145565