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Founder Profile

Elliot Handler

Last reviewed: October 2026 · By Swet Parvadiya

Who is Elliot Handler?

Elliot Handler is a founder of Mattel, Inc., which was founded in 1945 with Ruth Handler and Harold Matson.

Company founded
Mattel, Inc.
Founded
1945
Co-founders
Ruth Handler and Harold Matson

Background

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

Founding Story

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.

Sources

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.