What is Mohamed Bin Issa Al Jaber's Net Worth?
Mohamed Bin Issa Al Jaber is a Saudi Arabian businessman and philanthropist who has a net worth of $9 billion. Through his international private company, JJW Hotels & Resorts Limited, Mohamed Bin Issa Al Jaber owns a string of luxury and budget hotels across Europe and Egypt. The affluent businessman who divides his time between Paris, London, Vienna and Jeddah, turned out a winner in a battle with Standard Bank in London in December 2011.
After the bank had accused him of failing to repay a $150 million loan, Al Jaber claimed the bank made an unauthorized loan deal with his assistant to cover trading losses and thus proved his innocence. In addition to his business endeavors, he is the man behind the organized support for restoring Mali's cultural heritage including mosques and old Muslim manuscripts destroyed by militant Islamists over the past year, all through his foundation Al Jaber.
