Mohamed Bin Issa Al Jaber’s profile picture

Mohamed Bin Issa Al Jaber

Mohamed Bin Issa Al Jaber’s profile picture
Net worth 2018: $7 Billion
Industry: Real Estate
Country: Saudi Arabia
BirthDay: 1959
Children: 3
BIOGRAPHY

Mohamed Bin Issa Al Jaber was bornon 1959 in Saudi Arabia. Mohamed Bin Issa Al Jaber owns a string of luxury and budget hotels in Europe and Egypt through JJW Hotels & Resorts. He settled a battle with Standard Bank in London in December 2011. The bank had accused him of failing to repay a $150 million loan, and Al Jaber claimed the bank made an unauthorized loan deal with his assistant to cover trading losses. A UNESCO special envoy, through his foundation Al Jaber has organized support for restoring Mali's cultural heritage including mosques and old Muslim manuscripts destroyed by militant Islamists over the past year.

NET WORTH STATISTIC
2010

$7.5 Billion

2011

$7 Billion

2012

$7 Billion

2013

$7 Billion

2018

$7 Billion

TIMELINE
2017

On 29th May 2017 Al Jaber received the Dialogue of Cultures award from the Aladdin Project in a ceremony in Paris

2016

However, on the 16th of July, the Paris Commercial Court ordered JJW France to enter receivership

2015

Mohsen MBI Al Jaber, son of Mohamed Bin Issa Al Jaber, has held the role of Vice President of the Portugal sector of the MBI Group since October 2015

2014

In 2014 Al Jaber donated funds through his Foundation to house the London Middle East Institute in new premises, the MBI Al Jaber Building, at SOAS, University of London, and the MBI Al Jaber lecture series is based there

2013

In February 2013, Al Jaber was exonerated of any wrongdoing by the Head of Appeals Attorney General

2012

In April 2012, facing difficulties, JJW France requested the Paris Court of Commerce to place it under safeguards

2011

In May 2011, Al Jaber publicly denounced a defamation campaign by Austrian Media which had sought to imply financial difficulties in some of the companies that Al Jaber had invested in

2010

Al Jaber holds the following honorary degrees and awards:Between 2010 and 2012, Jadawel International was cited in various reports published by New York based NGO Human Rights Watch (HRW) on the topic of Saudi restrictive residency laws

2009

A published author committed to the freedom of media expression Al Jaber's book 'Yes, the Arabs can too', first published in Arabic in 2009, was published in English in September 2013

2008

In October 2008, it was announced that the Group planned to acquire a number of hotels in France from the Starwood Capital Group for $2billion but the deal was not concluded

2007

From 2007, Berners Hotel and JJW were embroiled in lawsuits with several UK based construction companies due to lack of payment for efforts expended

2006

In October 2006, Al Jaber bought the Palais Corso, Vienna's premier luxury shopping and office complex from Generali Versicherung, for about €70 million

2005

Since 2005, through the MBI Al Jaber Foundation, has been a main partner of Connecting Cultures, an educational initiative that promotes dialogue with young people from the western and Arab world via wilderness expeditions

2003

In September 2003, Al Jaber and Dr Nihad Ibrahim Pacha took over the management of Quinta Vale Da Gondra Hotel e SPA (Unipessoal) Lda

2002

From 2002 to the present, the Foundation has been the main sponsor of the Seminar for Arabian Studies (part of The British Foundation for the Study of Arabia) at the British Museum and has an annual public lecture, the MBI Al Jaber Foundation lecture there

2000

In 2000, he was founding patron of the London Middle East Institute at SOAS, directed by the MBI Al Jaber Chair

1992

In 1992, AJWA Group for Agro and Food Industries, a company of which Al Jaber is a shareholder, commenced operations following the construction of the largest rice storage and processing facility in Saudi Arabia at Jeddah Islamic Port

1991

The Group opened their first office in France in 1991

1989

In 1989, JJW Hotels & Resorts was established in Portugal; it currently operates 60 hotel and leisure resorts in Europe and the Middle East

1988

The hotel empire of Al Jaber was initially started in France in 1988 and expanded to over 35 hotel properties in France and almost 80 in Europe

1982

In 1982, Al Jaber founded Jadawel International Construction & Development

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