Country: UK (Saudi Arabia)
Wealth: 12.66 Billion
Prominent Arab philanthropist and businessman Sheikh Mohamed Bin Issa Al Jaber has spent the last 33 years building the MBI International Holding Group Inc into an established collection of major international companies. Following a steady stream of investments into existing businesses during 2012, the group saw 2013 as the perfect time to invest in new acquisitions and expand: JJW Hotels & Resorts, established in 1989, has - amongst other major investments for the year - recently taken over control of the Penina Hotel & Golf Resort from the Starwood Group. This latest addition to the 60 hotels already in JJW’s portfolio is set to be added to throughout the course of 2014. At the start of December 2013, MBI International Holding Group Inc also increased their interest in Austrian ski & sports equipment company, Kneissl to 100 percent - making it the sole owner. Established in 1861, this marquee brand is set to bring another dimension to an already diverse portfolio. Sheikh Mohamed is also an active philanthropist, funding scholarship programmes at some of the world’s top educational institutions through his own MBI Al Jaber Foundation.