Michael and Cindy Flagg are a wealthy couple from Los Angeles, California. Both come from families with a success history.
Key Takeaways
- Michael and Cindy’s parents are renowned personalities in LA.
- The power couple, the Flaggs, both hold prestigious positions at The Flagg Group.
- The Flagg’s sit on a fortune estimated to be more than $500 million.
Cindy’s father, Herman Platt, was a successful executive in the electronics industry and a philanthropist.
It’s no surprise that the Flagg couple have enjoyed the benefits of their prosperous background.
While Michael’s mother, Edith Flagg, was a prominent figure in the fashion industry.
Even though they come from affluent backgrounds, they have established themselves and attained considerable accomplishments in their fields, unquestionably bolstering the family’s overall financial stability.
Their social media profiles show they work for The Flagg Group, with Michael as the Managing Partner and Cindy as the company’s General Counsel.
Originally from Amsterdam, Michael now resides in Los Angeles, California, where he married Cindy on October 10, 1982. They own an estimated $1.4 million home there.
Inheritance
As the only child of Edith and Hans Stein, Michael, Josh’s father, likely inherited a significant fortune.
Edith Flagg, an Austrian-born American fashion designer, industry executive, and philanthropist, was known for her substantial influence on the fashion world.
She was the first to introduce polyester as a fashion textile to the United States, revolutionizing the industry.
At the time of her death in 2014, Edith’s net worth was estimated at $100 million. In her later years, Edith returned to the public eye when her grandson, Josh Flagg, rose to fame as a star on the reality series “Million Dollar Listing Los Angeles.”
Beyond her fashion achievements, Edith was also recognized for her extensive philanthropic efforts, leaving behind a legacy that extended far beyond her financial success.
On August 13, 2014, Edith Flagg passed away peacefully of natural causes at the age of 94 in her Century City penthouse.
She was laid to rest at Hillside Memorial Park Cemetery, a renowned Jewish cemetery in Culver City, California.
Following the burial, a reception was held at the Hillcrest Country Club, where friends and family gathered to honor her remarkable life.
In Case You Didn’t Know
- Josh Flagg has a sister named Dana Marineau.
- Following in his parent’s footsteps, Josh became one of America’s most successful and sought-after luxury real estate agents in Beverly Hills.
