Chef America then marketed Hot Pockets nationally. By 1986 approximately 25% of US households owned a Microwave. As microwave ownership increased and as more women entered the workforce Hot pockets gained greater recognition and eventually became a success. In later years the company expanded the brand to Lean Pockets, Croissant Pockets and Breakfast Pockets. In October 2002, he sold Chef America to Nestlé SA for $2.6 billion;, at the time, the company had sales of $750 million and over 1,800 employees. After the sale, he co-founded MIG group of investment companies in 2003 with Richard Merage and Greg Merage. He serves as chairman of MIG parent companies. MIG Capital LLC, managed by Richard Merage is a highly ranked US Hedge fund managing over US$1 billion in assets. MIG Real Estate, managed by Greg Merage is involved in development and management of commercial real estate. It manages a large portfolio of commercial properties coast to coast. MIG Private Equity is a fund of funds with a portfolio of investments ranging from consumer products to technology companies. Philanthropy In 2005, Paul and Lilly Merage donated $30 million to the School of Business at University of California, Irvine, which was renamed Paul Merage School of Business in his honor. Merage also donated $3 million to the Merage Jewish Community Center of Orange County, California. He has been an active member of the Business School’s Advisory Board which he chaired for a number of years. He has been board member and a leading donor for the Pacific Symphony and has served on the board of the Orange County Performing Arts Center. For over a decade Merage has been a major and active supporter of El Sol Academy, a dual immersion charter school in Santa Ana, California founded in 2001 with 110 students, later enrolling nearly 1,000 students in preschool through eighth grade. One of Merage’s major ongoing philanthropic programs is Merage Institute for U.S.-Israel Trade. The Institute’s Innovation Bridge Program has brought almost 1000 of the leading high tech Israeli scientists and business leaders to Newport Beach for a special two week business “boot camps”. The “boot camps” are focused practical, best practices, on how to best introduce and promote new Israeli technologies in the U.S. to the mutual benefit of both nations. It addresses new technologies in such fields as life sciences, security, military, IT, food/agriculture and Financial Transactions. Personal life Merage is