Elliot Handler Elliot Handler Elliot Handler (April 9, 1916 – July 21, 2011) was an American inventor, businessman, and co-founder of Mattel. With his wife, he developed some of the biggest-selling toys in American history, including Barbie, Chatty Cathy, Creepy Crawlers, and Hot Wheels. Handler was born to a Jewish family in Chicago, Illinois, on April 9, 1916, and grew up in Denver, Colorado. He studied industrial design at the Art Center College of Design in Pasadena, California. In 1929, he met his future wife Ruth Mosko at a B'nai B'rith dance for teenagers. They later married and had two children: a
Ideal Toy Company president by 1971. In 1951, Ideal partnered with competitors the American Character Doll Company and the Alexander Doll Company to establish the United States-Israeli Toy and Plastic Corporation, designed to produce material for toys in Israel and the U.S. Ideal CEO Abraham Katz was named president of the new company. In 1968, the American Character Doll Company filed for bankruptcy, and Ideal acquired the defunct company's dyes, patents, and trademarks, as well as specific products like the "Tressy" Gro-Hair doll. In late 1971, Ideal joined the New York Stock Exchange; valued at $71 million, it was one of the U.S.'s