Joseph Mandel, one of three Cleveland brothers who parlayed a small auto-parts business into a billion-dollar fortune that they have pledged to largely donate to charity, died Tuesday at age 102, The Plain Dealer writes.
Mr. Mandel and his siblings, Jack and Morton, started Premier Industrial Corporation in 1940. They sold the company for $1.8 billion in 1996 and committed to give away most of the proceeds. Through the the Jack, Joseph and Morton Mandel Foundation, which they formed in 1953, they have made numerous seven- and eight-figure gifts, focusing their philanthropy on higher education and Jewish causes in the United States and Israel. Jack Mandel, the eldest brother, died in 2011 at age 99.