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Entrepreneur killed in motorbike crash in Thailand

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Dave P.

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Apr 8, 2023, 6:21:14 PM4/8/23
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Entrepreneur killed in motorbike crash in Thailand
by Leah, January 12, 2023, The Thaiger dot com

Little is known about the death of award-winning entrepreneur and philanthropist Eli Ostreicher, who was killed in a motorbike accident in Thailand, yesterday at 39 years old. Reports say the accident happened in Bangkok.

Eli Ostreicher was born in London’s Hasidic community and later moved to New York City, where he ran five companies including one of his most successful ventures “Regal Wings.”

Regal Wings is a leading company in the luxury travel industry which earned the top spot on Inc. Magazine’s list of 500 fastest-growing companies in 2013, grossing US$54.4 million in revenue that year.

Ostreicher was awarded Inc. Magazine’s “Hire Power award” the same year for his job creation, with Regal Wings expanding into a company with over 300 employees.

Some of Regal Wing’s clients include Rolex, Walmart, Berkshire Hathaway, The United Nations, Bayer, Colgate, Universal Studios, and Maroon 5.

Ostreicher expanded the company into Regal Group, with offices in New York City, San Francisco, London, Singapore, and Shenzhen.

As well as his dedication to entrepreneurialism, Ostreicher was a humble philanthropist. In 2013, he donated US$500,000 to Bonei Olam, a Brooklyn-based organisation that assists Jewish couples experiencing infertility.

Ostreicher intended to keep the donation private. However, Rabbi Schlomo Bochner explained in a YouTube video that he convinced Ostreicher to publicise his pledge to inspire others to donate to charity.

As well as giving to charity, Ostreicher lobbied for the release of his uncle Jacob Ostreicher from a prison in Bolivia where he was corruptly held for 18 months. Award-winning actor Sean Penn went to Bolivia to assist in the fight for his freedom.

In 2019, the New York Times ran a feature article about Ostreicher’s great-grandmother Yitta Schwartz after her death at 93 years old, entitled, “God Said Multiply, and Did She Ever.”

ColLive reports that Ostreicher “maintained close ties with the Hasidic community in London and Brooklyn.”
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[Recent comments:]
Pinga, 2023-01-13 16:21
For the life of me I can't understand why anyone would risk driving or riding a motorcycle in Bangkok. Another life taken prematurely, RIP.
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Poolie, 2023-01-13 17:14
Just for sheer comfort you couldn't pay me enough to ride a motorbike. It's not a natural position at all. Definitely a young mans pastime.
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bushav8r, 2023-01-13 17:20
45 minutes ago, Pinga said: For the life of me I can't understand why anyone would risk driving or riding a motorcycle in Bangkok. Another life taken prematurely, RIP. I do it every day. It is very dangerous and I wouldn't recommend it unless you are aware of the danger and are able to drive accordingly. The very high accident rate on Thai roads is due mainly to motorcycle accidents. Thai drivers make it look easy. It's not. Many Thais have been driving motorcycles in Bangkok since they were 8 years old. Some of them are still 8 years old.

For me, despite the risks, it is still a great way to get around Bangkok.
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Raugh, 2023-01-13 17:43
I love to ride the scooters/big bikes but riding one in Bangkok is playing Russian Roulette. Outside Bangkok it's fine and inexpensive.
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Wackamole, 2023-01-13 20:50
Any other example of his admirable philanthropy?

https://thethaiger.com/news/national/impactful-entrepreneur-killed-in-motorbike-crash-in-thailand

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Eli Ostreicher (1983–2023) was a British-born American serial entrepreneur based in New York City. He was the founder and active CEO of GTTFP Holdings, originally a B2B luxury air-travel provider and Inc. 500 #1 awardee in the US. GTTFP Holdings now houses Regal Wings, The Regal Card, Regal Jets, Luxury Wholesale Flights, One Bag Tag, VVandr, SHARGE, ThermBot, PillBot; a total of 11 brands.

At the time of his death in early 2023, it was estimated that Ostreicher had created over US$600 million in revenue within GTTFP Holdings.

Ostreicher was born in London, England. The family was part of London's Orthodox Jewish community.

Ostreicher's paternal grandmother is the oldest of 16 siblings to her parents Joseph and Yitta Schwartz. His great-grandmother Yitta Schwartz died at age 93 leaving over 2,000 living descendants; following her funeral, The New York Times ran a feature story, "God Said Multiply, and Did She Ever".

In his early teens he attended yeshiva in Hitchin; in his later teens, Ostreicher attended SmartTrack, an IT college in London's Lee Valley area, where he received Microsoft MCSE and Cisco CCNA certifications in 2004.

Ostreicher started his business career at the age of 22, opening a small home-based travel agency in Aventura, Florida. In 2006 he moved to New York City and founded Regal Wings. He later expanded the company to 300-plus employees with luxury travel agent services, business travel management and leisure. In 2010, he opened a satellite office of the company in Chennai, India. GTTFP Holdings and its Regal group of brands have offices in NYC, San Francisco, London, Singapore and Shenzhen.

In 2012, Regal Wings was listed in Inc. magazine's as the fastest-growing travel company in the United States with a growth rate of 2,513%. With a further 4,146% growth rate in 2013, the company grossed $54.4 million in revenue. In that year, Ostreicher received Inc. magazine's "Hire Power award" recognizing his role for job creation. In 2014, the company was listed in Inc. magazine's 33rd annual 500 list as the 76th-fastest-growing company in the US, the 6th-highest-ranking New York company and 8th in NYC. He served various high-profile companies and blue-chip organizations for premium and air travel including Rolex, Walmart, Berkshire Hathaway, The United Nations, Bayer, Colgate, Universal Studios, Triple Five Group, Columbia University, Escada, and the Maroon 5 band.

In 2015, Ostreicher launched Regal Card, an airport lounge and travel-benefits membership program as a sister concern of Regal Wings. In the late 2016, Regal Wings partnered with China-based lounge developer DragonPass to offer global airport lounge access to its Regal Card members. Regal Card also includes travel benefits such as instant elite status with brands such as Hilton, Hyatt, SIXT, Hertz and discounts at 5-star hotel chains worldwide.

In 2017, he patented One Bag Tag, the world's first electronic luggage tag to replace airline-issued wasteful paper tags. One Bag Tag is now partnered with Amsterdam-based BAGTAG who run One Bag Tag's airline integration to international airliners, including Lufthansa, Swiss, Austrian, Air France, China Southern and KLM.

Ostreicher also founded Miles 4 Flights, which helps individuals convert their airline mileage into flights. In the same year, he started Harei At, the first dating site for orthodox Jewish marriage-minded singles. This venture failed and was subsequently sold to JWed.com.

In 2019, Ostreicher founded both SHARGE and VVandr. SHARGE is the world's smallest 3-port 65W laptop and USB-C/A wall charger, while VVandr makes thermometers, and a handmade hand-painted Donald Trump bobblehead.

In 2020, during C-19 when VVandr sold a large number of oral thermometers, Ostreicher was inspired to create ThermBot, the world's smallest contactless and battery-less smart thermometer.

In 2013, Ostreicher donated $500,000 to Bonei Olam, a communal organization that aids married couples dealing with infertility. He was on the senior advisory board of various startup and entrepreneur-focused organizations, including YJP and Voyager HQ.

Ostreicher has been involved in helping his uncle Jacob Ostreicher in his release from a Bolivian prison where he was corruptly held for 18 months without having committed any crime. He was later released by the help of actor Sean Penn who went to visit him in Bolivia.

Ostreicher relocated from the UK to the US when he was in his early 20s. Initially he was in southern Florida. He later resided in NYC.

Ostreicher was killed in a motorcycle collision in Thailand on January 11, 2023, at age 39.

https://en.wikipedia.org/wiki/Eli_Ostreicher
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