Wealth: 12.5 Billion
Mohamed Bin Issa Al Jaber is the founder, chairman & CEO of MBI International, a group of companies that today holds an asset value of around $12.5bn and boasts operations in Europe, the Middle East and the US.
It includes real estate giant Jadawel International, JJW Hotels & Resorts, and the AJWA Group, one of the largest food companies in the Middle East. It also incorporates Continentoil, an international oilfield services and petroleum resource management company.
Al Jaber’s hotel hunt began back in 1986 when he acquired a major resort in southern Portugal, which was to become the most exclusive golf resort of the Algarve. The acquisition of four hotels in France followed in 1988.
The Hotels Group has come a long way over the last 20 years and includes landmark properties such as the Über cool La Tremoille Hotel and the famous Hotel Balzac, both in central Paris, star golf resorts such as San Lorenzo in the Algarve and the very traditional Grand Hotel Wien in Vienna, Austria.
He has also been a promoter of Arab-Israeli reconciliation, and is active in the Olive Tree Educational Trust, which is based at City University in London.