Mohamed Bin Issa Al Jaber

$7.00 B

Ranked #166 in World

About Mohamed Bin Issa Al Jaber

Mohamed bin Issa Al Jaber","a prominent Saudi Arabian businessman born in 1959 in Jeddah","is the founder","chairman","and CEO of the MBI Group","holding an 80% stake. His diverse portfolio includes JJW Hotels & Resorts","Amarante","Median","and Stars hotels across Europe","Jadawel International in Saudi Arabia","Continentoil","and a significant share in AJWA Group for Food Industries. Forbes listed him as a billionaire in 2013","with Forbes Austria reporting his net worth at $7BN in December 2023. Al Jaber","s investments span from luxury hotels in Austria and Portugal to significant philanthropic contributions through the MBI Al Jaber Foundation. His efforts in promoting intercultural understanding and educational reform have earned him numerous awards and recognitions globally.

Born

January 01, 1959

Age

67 years

Source Of Wealth

Real Estate, Hotels

Industries

Real Estate

Citizenship

Saudi Arabia

Residence

Jeddah

Mohamed bin Issa Al Jaber was born in 1959 in Jeddah, Saudi Arabia. He is a prominent Arab businessman, founder, chairman, and CEO of the MBI Group.

Mohamed Bin Issa Al Jaber: Family

Mohamed bin Issa Al Jaber is married with three children, all of whom serve as Trustees of the MBI Al Jaber Foundation.

Mohamed Bin Issa Al Jaber: Career Highlights

Mohamed bin Issa Al Jaber is the founder and chairman of the MBI Group, a diversified conglomerate with interests in various sectors including hospitality, real estate, oil and gas, and food processing.

He is also the owner of 80% of the MBI Group, which includes numerous entities such as JJW Hotels & Resorts, Amarante 4-star hotels, Median 3-star hotels, Stars budget hotels, Jadawel International, Continentoil, and a shareholder of AJWA Group for Food Industries.

Mohamed Bin Issa Al Jaber: Companies

Mohamed bin Issa Al Jaber's business empire encompasses a wide range of companies, including:

JJW Hotels & Resorts: A luxury hotel chain with properties in Austria, France, Portugal, and the United Kingdom.
Amarante 4-star hotels: A collection of 4-star hotels located in France, Portugal, and Egypt.
Median 3-star hotels: A chain of 3-star hotels.
Stars budget hotels: A chain of budget hotels in France.
Jadawel International: A company that develops residential compounds for expatriates in Saudi Arabia.
Continentoil: An oil field services and petroleum company.
Shareholder of AJWA Group for Food Industries: An agricultural and food processing company.

Mohamed Bin Issa Al Jaber: Major Achievements

Mohamed bin Issa Al Jaber has achieved significant milestones throughout his career, including:

Listed as a billionaire by Forbes in March 2013.
Ranked 13th in The Sunday Times Rich List in May 2014, marking the highest entry for an Arab.
Arabian Business's 2013 rich list 'The world's richest Arabs' ranked Al Jaber at number 2 with $12.66bn.
Bloomberg Billionaires reported his net worth as $7.19BN as of August 2018.

Forbes Austria reported his net worth as $7BN in December 2023.

Mohamed Bin Issa Al Jaber: Awards & Achievements

Mohamed bin Issa Al Jaber has received numerous awards and accolades in recognition of his achievements, including:

Project Aladdin 2017 Dialogue of Cultures Award (2017)
Honorary Senatorship from MODUL University Vienna (2013)
Honorary Fellowship from UCL, London (2012)
Honorary Fellowship from Corpus Christi College, Oxford (2009)
UN Spokesperson for Global Forums on Reinventing Government (2007)
Honorary Doctor of Science degree from City University, London (2004)
Honorary Doctor of Letters degree from the University of Westminster (2004)
Honorary Fellowship of London University at the School of Oriental and African Studies (2002)
UNESCO Special Envoy for Education, Tolerance, and Cultures to build peace and democracy (2004)
ALECSO Gold Medal for supporting UNESCO projects in the Arab World
Gold Medal of honour for special achievements in Vienna
ISESCO Gold Medal for promoting coexistence and fostering a culture of tolerance and dialogue.

Mohamed Bin Issa Al Jaber: Personal Life & Legacy

Mohamed bin Issa Al Jaber is known for his philanthropic efforts and commitment to promoting intercultural understanding. He is the founder and chairman of the MBI Al Jaber Foundation, which supports various educational and cultural initiatives.

He has also authored the book 'Yes, the Arabs can too' (2009), which provides a contemporary Arab perspective on economic and social changes in the region.

Mohamed Bin Issa Al Jaber: Trivia

Mohamed bin Issa Al Jaber obtained Austrian nationality in 2007.
He was named 'Man of the Year' by Vienna's Trialog Institut in 2008 for promoting inter-cultural understanding.
Al Jaber is a co-founding patron of the Olive Tree Programme at City, University of London, which brings together Israeli and Palestinian students to study in London.
He works closely with UNESCO on various initiatives, including the Euro-Arab Dialogue Initiative and educational reform in countries like Algeria and Yemen.

Wealth History

Timeline

1959

Mohamed bin Issa Al Jaber was born in Jeddah, Saudi Arabia.

1988

Al Jaber started his hotel empire in France, which expanded to over 35 hotel properties in France and almost 80 in Europe.

1991

Al Jaber opened the Group's first office in France.

2002

Al Jaber acquired the Grand Hotel, Vienna from All Nippon Airways.

2002

Al Jaber founded the MBI Al Jaber Foundation.

2003

Al Jaber took over the management of Quinta Vale Da Gondra Hotel e SPA (Unipessoal) Lda in Portugal.

2003

Al Jaber donated SR21 million to Dar Al-Hekma University for women in Jeddah.

2004

Al Jaber was appointed UNESCO Special Envoy for Education, Tolerance, and Cultures to build peace and democracy.

2004

Al Jaber received an Honorary Doctor of Science degree from City University, London.

2004

Al Jaber received an Honorary Doctor of Letters degree from the University of Westminster.

2005

Al Jaber was nominated by the UNESCO Director General as their personal representative for "education, human rights, tolerance, and cultures to build peace and democracy".

2006

Al Jaber purchased the Palais Corso, Vienna's premier luxury shopping and office complex.

2007

Al Jaber agreed to invest 10% in the building of the Vienna Tourism University (Modul University Vienna).

2007

Al Jaber signed an agreement for the takeover and expansion of the Palace Schwarzenberg Hotel in Vienna (project later canceled due to delays).

2007

Al Jaber proposed to invest in Austrian Airlines with a 20% stake but withdrew the offer due to the company's negative quarterly results.

2007

Al Jaber acquired The Eton Collection hotels for £70 million in London.

2007

Al Jaber obtained Austrian nationality.

2008

Al Jaber acquired a 60% stake in Kneissl Holding GmbH, an Austrian manufacturer of sports equipment.

2008

Al Jaber was named 'Man of the Year' by Vienna's Trialog Institut for promoting inter-cultural understanding.

2008

Al Jaber planned to acquire several hotels from Starwood Capital Group for $2 billion in France, but the deal was not concluded.

2009

Al Jaber published the book 'Yes, the Arabs can too', providing a contemporary Arab view on economic and social changes in the region.

2009

Al Jaber received an Honorary Fellowship from Corpus Christi College, Oxford.

2012

JJA Beteiligungsverwaltungs GmbH bought the entire Kneissl Holding GmbH but let it lapse into insolvency.

2012

Al Jaber received an Honorary Fellowship from UCL, London.

2013

Al Jaber was listed as a billionaire by Forbes.

2013

Al Jaber received an Honorary Senatorship from MODUL University Vienna.

2013

JJW Hotels and Resorts took over the management of the Penina Hotel and Golf Resort in Portugal.

2014

Al Jaber was ranked 13th in The Sunday Times Rich List (highest entry for an Arab).

2017

Al Jaber received the Project Aladdin 2017 Dialogue of Cultures Award.

2018

Bloomberg Billionaires reported Al Jaber's net worth as $7.19BN.

2023

Forbes Austria reported Al Jaber's net worth as $7BN.

Mohamed Bin Issa Al Jaber : FAQs

What is Mohamed Bin Issa Al Jaber's net worth?

As of 2013, Mohamed Bin Issa Al Jaber's net worth was $7.00 billion.

What are Mohamed Bin Issa Al Jaber's main sources of wealth?

Mohamed Bin Issa Al Jaber's main source of income comes from Real Estate, Hotels.

In which industry does Mohamed Bin Issa Al Jaber primarily operate?

Mohamed Bin Issa Al Jaber is primarily involved in the Real Estate industry.

How old is Mohamed Bin Issa Al Jaber?

Mohamed Bin Issa Al Jaber is 67 years old.

How many children does Mohamed Bin Issa Al Jaber have?

Mohamed Bin Issa Al Jaber has 3 children.

Who is Mohamed bin Issa Al Jaber and what is his role in the MBI Group?

Mohamed bin Issa Al Jaber is a prominent Arab businessman born in 1959 in Jeddah, Saudi Arabia. He is the founder, chairman, and CEO of the MBI Group, owning 80% of the conglomerate which includes entities in hospitality, real estate, and oil field services.

What are some key properties and investments of Mohamed bin Issa Al Jaber's MBI Group in Europe?

The MBI Group, under Mohamed bin Issa Al Jaber's leadership, has significant investments in Europe including luxury JJW Hotels & Resorts in Austria, France, Portugal, and the UK, Amarante 4-star hotels, Median 3-star hotels, and Stars budget hotels in France.

How has Mohamed bin Issa Al Jaber contributed to philanthropy and education?

Mohamed bin Issa Al Jaber is the founder and chairman of the MBI Al Jaber Foundation established in 2002, focusing on education and cultural exchange. He supports various educational initiatives, including scholarships and capital projects at prestigious institutions worldwide.

What recognitions has Mohamed bin Issa Al Jaber received for his contributions to culture and education?

Mohamed bin Issa Al Jaber has been honored with numerous awards and honorary degrees for his contributions to culture and education, including the Project Aladdin 2017 Dialogue of Cultures Award, honorary degrees from universities like UCL London and Corpus Christi College, Oxford, and recognition as a UNESCO Special Envoy.

How has Mohamed bin Issa Al Jaber's business ventures impacted his wealth status internationally?

Listed as a billionaire by Forbes in March 2013 and ranked highly on various rich lists over the years, Mohamed bin Issa Al Jaber's successful business ventures across hospitality, real estate, and oil services have significantly impacted his wealth status, showcasing his influence on the global stage.