Elliot Handler He was survived by his 70-year-old daughter Barbara. Ruth Handler died in 2002. 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
Ideal Toy Company top three toy companies. By 1970, Ideal had outgrown its manufacturing complex in Hollis, Queens. The company wanted to build a new plant in College Point, Queens (later the site of Shea Stadium), but was unable to strike a deal with the Lindsay administration. Consequently, the company opened a new facility in Newark, New Jersey, in the early 1970s, while continuing to operate its factory in Hollis. Ideal had earnings of $3.7 million in fiscal year 1979-1980, but lost $15.5 million in fiscal year 1980-1981. (Sales both years averaged c. $150 million.) Trying to maximize profits on the Rubik's Cube