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Mattel, Inc.

Toys and Family EntertainmentFounded 1945
Reviewed by Swet Parvadiya
Company data updated: October 2026

Founders

Who Founded Mattel?

Ruth Handler, Elliot Handler, Harold Matson · Founded 1945 · HQ today: El Segundo, California, United States

Who founded Mattel?

Mattel was founded by Ruth Handler, Elliot Handler, Harold Matson in 1945 in Los Angeles, California, United States. It is now led by Ynon Kreiz.

Founders
Ruth Handler, Elliot Handler, Harold Matson
Founded
1945
Headquarters
El Segundo, California, United States
Number of founders
3
Current CEO
Ynon Kreiz (since 2018)
Where was Mattel founded?
Mattel was founded in Los Angeles, California, United States in 1945. en.wikipedia.org
When was Mattel founded?
Mattel was founded in 1945.
Who started Mattel?
Mattel was founded by Ruth Handler, Elliot Handler and Harold Matson.
How old is Mattel?
Mattel is 81 years old as of 2026.

Founding Story

Mattel began in 1945 when Harold 'Matt' Matson and Elliot Handler, with Ruth Handler, started making picture frames in a Los Angeles garage and turned the wood scraps into dollhouse furniture. Toys soon replaced frames. In 1959 Ruth Handler, who had watched her daughter Barbara play with paper dolls of grown women, launched Barbie at the American International Toy Fair in New York, giving girls an adult fashion doll at a time when most dolls were babies. Barbie became the company's defining product.

Ruth Handler

Co-founder 1945

Background

Ruth Handler co-founded Mattel in 1945, later served as its president, and created the Barbie doll, launched in 1959.

Role at Mattel, Inc.

Ruth Handler co-founded Mattel in 1945 with her husband Elliot Handler and Harold Matson in a Los Angeles garage. She ran much of the business side and pushed Mattel into year-round television advertising on The Mickey Mouse Club in 1955. Inspired by her daughter Barbara's play with paper dolls of adult women, she developed Barbie, launched in March 1959 despite doubts from colleagues. She named the doll after Barbara and the Ken doll (1961) after her son Kenneth. The Handlers left Mattel in the mid-1970s, and Ruth later founded Nearly Me, a maker of breast prostheses, after her own breast cancer surgery. She died in 2002. Ruth Handler was born in 1916.

Elliot Handler

Co-founder 1945

Background

Elliot Handler was a designer who co-founded Mattel and led its product development, including the 1968 launch of Hot Wheels.

Role at Mattel, Inc.

Elliot Handler co-founded Mattel in 1945 with his wife Ruth and Harold Matson; the company name combines 'Matt' and 'Elliot'. A designer by training, he focused on product ideas while Ruth handled much of the business. Early hits included the Uke-A-Doodle toy ukulele, and he championed Hot Wheels die-cast cars, launched in 1968. He led Mattel alongside Ruth until the couple left the company in the mid-1970s. He died in 2011.

Elliot Handler was born in 1916 in Chicago. Education: Art Center College of Design.

Harold Matson

Co-founder 1945

Background

Harold Matson was a craftsman and builder who made the company's earliest products in the Handlers' garage workshop.

Role at Mattel, Inc.

Harold 'Matt' Matson co-founded Mattel with Elliot Handler in 1945, and his nickname supplied the first half of the company's name. He worked on the early picture frames and dollhouse furniture, then sold his stake to the Handlers within a couple of years because of poor health. (Exact birth year remains publicly undisclosed).

Mattel, Inc.: CEO & Leadership History

Full timeline →

Paul Ruh

Chief Financial Officer

2025 – Present

Ruh oversees Mattel's finances, including the Optimizing for Profitable Growth cost programme targeting $225 million of savings by the end of 2026 and the 2026 share repurchases.

Ynon Kreiz

Chief Executive Officer

2018 – Present

Kreiz became CEO in April 2018 and Chairman soon after. He cut costs, restored profitability after losses in 2017-2019, created Mattel Films, which co-produced the 2023 Barbie film, regained the Disney Princess and Frozen doll licence, and in 2026 took full control of the Mattel163 games studio.

Robert A. Eckert

Chairman and Chief Executive Officer

2000 – 2011

He restored profitability and led the company through the 2007 toy recalls. Bryan Stockton succeeded him at the start of 2012.

Jill Barad

Chairman and Chief Executive Officer

1997 – 2000

She led the 1999 purchase of The Learning Company, which produced large losses, and resigned in February 2000.

Elliot Handler

Co-Founder

1945 – 1975

Co-founded Mattel in 1945 and led product development, including the Uke-A-Doodle and the 1968 Hot Wheels launch, alongside Ruth Handler until the couple left the company in the mid-1970s.

Keep researching Mattel

Who Founded Mattel? FAQ

Who founded Mattel and what was the company's first product?

Mattel was founded in January 1945 in Los Angeles by Harold 'Matt' Matson and husband-and-wife duo Elliot Handler and Ruth Handler. The company initially manufactured picture frames from scrap wood and plastic, using leftover frame scraps to build dollhouse furniture, which quickly proved more profitable than the frames.

Who was Ruth Handler and how did she invent the Barbie doll in 1959?

Ruth Handler was the co-founder and President of Mattel. In the 1950s, watching her daughter Barbara play with paper cut-out dolls and dream of adult careers, Ruth was inspired to create a three-dimensional adult fashion doll. Despite skepticism from male toy executives, Ruth debuted 'Barbie' at the New York Toy Fair on March 9, 1959.

Who was Elliot Handler and what well-known toys did he invent?

Elliot Handler was a designer who co-founded Mattel and led its product side. He was behind early toys such as the Uke-A-Doodle and championed Hot Wheels, launched in 1968.

Who was Harold 'Matt' Matson?

Harold 'Matt' Matson was a skilled craftsman who partnered with Elliot Handler to build picture frames and dollhouse furniture in 1945, selling his share of the business to Elliot and Ruth Handler in 1947 due to ill health.

How did Ruth Handler transform toy marketing through 'The Mickey Mouse Club' in 1955?

In 1955, Ruth Handler made the decision to invest Mattel's entire net worth ($500,000) to become a year-round television sponsor of Walt Disney's 'The Mickey Mouse Club'. Mattel became the first company to advertise toys directly to children on TV (promoting the Burp Gun), transforming the toy industry.

Who was Jack Ryan and what was his engineering contribution to Barbie and Hot Wheels?

Jack Ryan was a former aerospace missile engineer who became Mattel's Head of R&D, designing the mechanical ball-jointed waist and legs for Barbie, the major low-friction track suspension for Hot Wheels, and the voice box mechanism for Chatty Cathy.

What medical and philanthropic innovation did Ruth Handler create later in life?

After surviving breast cancer in 1970 and undergoing a mastectomy, Ruth Handler founded Nearly Me in 1976, manufacturing custom, realistic silicone breast prostheses for women who had undergone breast cancer surgeries.

How are the names of the Handler children immortalized in pop culture?

Ruth Handler named the well-known Barbie doll after her daughter Barbara, and named Barbie's handsome companion Ken (introduced in 1961) after her son Kenneth Handler, cementing the family's names into global history.

Who invented Barbie?

Barbie was invented by Ruth Handler, the co-founder of Mattel. During a trip to Europe, she discovered the "Bild Lilli" doll (a highly adult, provocative German gag gift). She brilliantly redesigned it into a teenage fashion model for American children. Male toy executives fiercely opposed it, arguing mothers would never buy their daughters a doll with adult breasts. Handler forced it into production, creating the best-selling toy in human history.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.