Fawaz Alhokair

$1.20 B

Ranked #1678 in World

About Fawaz Alhokair

Renowned Saudi real estate mogul, Fawaz Alhokair, a key figure born around 1965/66 and a foundational force behind the Fawaz Abdulaziz Alhokair Group established in 1989 with his siblings, has significantly shaped the retail and property development landscape. Starting modestly with two men's clothing outlets, the enterprise now boasts ownership of 19 shopping complexes throughout Saudi Arabia and holds local franchising rights for internationally acclaimed brands such as Zara and Gap. Alhokair, who resides in Riyadh, made headlines in 2015 with his acquisition of New York City's largest penthouse at 432 Park Avenue for $87.7 million, which was listed in June 2021 for an astounding $170 million. This luxury property spans over 8,255 square feet, including six bedrooms and a personal library, marking a pinnacle of high-end real estate investments.

Born

January 01, 1966

Age

60 years

Source Of Wealth

Retail, Shopping Malls

Industries

Fashion & Retail

Citizenship

Saudi Arabia

Residence

Riyadh

Fawaz Alhokair, a prominent Saudi billionaire property developer, was born in 1965 or 1966. Information about his early years and childhood is limited, but it is known that he co-founded the Fawaz Abdulaziz Alhokair Group in 1989 alongside two of his brothers.

Fawaz Alhokair: Family

Fawaz Alhokair comes from a business-oriented family. His father, Abdulaziz Alhokair, was a successful businessman who established the Alhokair Group, a prominent Saudi conglomerate involved in various sectors, including retail, real estate, and manufacturing.

Fawaz Alhokair: Career Highlights

Fawaz Alhokair's career took a significant turn when he co-founded the Fawaz Abdulaziz Alhokair Group in 1989. Starting with just two menswear stores, the company has grown exponentially over the years and now boasts 19 shopping malls across Saudi Arabia. Through strategic partnerships and franchise agreements, the group has secured local franchise rights for renowned international brands such as Zara, Banana Republic, Gap, Nine West, and Topshop.

Fawaz Alhokair: Companies

Fawaz Alhokair is the Chairman of the Fawaz Abdulaziz Alhokair Group, which operates in various sectors, including retail, real estate, and hospitality. The group's retail division, known as Alhokair Fashion Retail, is one of the largest fashion retailers in the Middle East, with a wide portfolio of international brands.

Fawaz Alhokair: Major Achievements

One of Fawaz Alhokair's notable achievements is the establishment and growth of the Fawaz Abdulaziz Alhokair Group into a prominent business conglomerate in Saudi Arabia. His strategic vision and business acumen have played a crucial role in the company's success and expansion.

Fawaz Alhokair: Awards & Achievements

Fawaz Alhokair has received recognition for his contributions to the business world. In 2013, he was named "Entrepreneur of the Year" by Arabian Business magazine. He has also been recognized by Forbes Middle East as one of the most influential Arab businessmen.

Fawaz Alhokair: Personal Life & Legacy

Fawaz Alhokair resides in Riyadh, Saudi Arabia. He made headlines in 2015 when he purchased the largest apartment at 432 Park Avenue in New York City.

The 8,255-square-foot (766.9 m2) penthouse features six bedrooms, seven bathrooms, and a library. The property was initially purchased for $87.7 million and was later listed for $170 million in June 2021.

Fawaz Alhokair: Trivia

Fawaz Alhokair is known for his passion for luxury real estate. In addition to his New York penthouse, he also owns a luxurious villa in Saint-Tropez, France.

Wealth History

Timeline

1965/66

Fawaz Alhokair was born.

1989

Fawaz Alhokair co-founded Fawaz Abdulaziz Alhokair Group with two brothers.

2015

Fawaz Alhokair bought the largest apartment at 432 Park Avenue, New York.

June 2021

Fawaz Alhokair's apartment was listed for $170 million.

Fawaz Alhokair : FAQs

What is Fawaz Alhokair's net worth?

As of 2017, Fawaz Alhokair's net worth was $1.20 billion.

What are Fawaz Alhokair's main sources of wealth?

Fawaz Alhokair's main source of income comes from Retail, Shopping Malls.

In which industry does Fawaz Alhokair primarily operate?

Fawaz Alhokair is primarily involved in the Fashion & Retail industry.

How old is Fawaz Alhokair?

Fawaz Alhokair is 60 years old.

Who is Fawaz Alhokair and what is he known for?

Fawaz Alhokair is a Saudi billionaire property developer, known for co-founding the Fawaz Abdulaziz Alhokair Group in 1989, which now owns 19 shopping malls in Saudi Arabia and holds local franchise rights for several international brands.

When was Fawaz Alhokair born and where does he live?

Fawaz Alhokair was born in 1965/66 and currently resides in Riyadh, Saudi Arabia.

How did Fawaz Alhokair start his business and what brands does his company hold franchise rights for?

Fawaz Alhokair started his business with two menswear stores in 1989 and over the years, his company gained local franchise rights for brands including Zara, Banana Republic, Gap, Nine West, and Topshop.

What significant real estate purchase did Fawaz Alhokair make in New York?

In 2015, Fawaz Alhokair purchased the largest apartment at 432 Park Avenue, New York, which is an 8,255-square-foot penthouse, for $87.7 million.

How much did Fawaz Alhokair list his New York penthouse for in June 2021?

Fawaz Alhokair listed his New York penthouse at 432 Park Avenue for $170 million in June 2021.