Avi Arad was born on August 1, 1948 in Ramat Gan, Israel, to a Jewish family. He grew up reading Superman and Spider-Man comics translated into Hebrew. In 1965, he was conscripted into the Israel Defense Forces (IDF). He fought in and was wounded in the 1967 Six-Day War, and spent 15 days recuperating. Arad finished his military service in 1968. In 1970, Arad moved to the United States and enrolled at Hofstra University to study industrial management. He worked as a truck driver and Hebrew teacher to put himself through college, and graduated with a BBA in 1972. He became the CEO of the company Toy Biz in the 1990s, and soon afterward became the chief creative officer of Marvel Entertainment, a Marvel director, and the chairman, CEO, and founder of Marvel Studios.

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