Miloud Chaabi Net Worth
Miloud Chaabi how much money? For this question we spent 8 hours on research (Wikipedia, Youtube, we read books in libraries, etc) to review the post.
The main source of income: CEOs
Total Net Worth at the moment 2019 year – is about $1.3 Billion.
Miloud Chaabi information Birth date: 1929, Morocco Birth place: Morocco Children:Asma Chaabi, Mouhssine Chaabi
:How tall is Miloud Chaabi – 1,75m.
How much weight is Miloud Chaabi – 80kg
Miloud Chaabi is a Moroccan businessman and politician with a net worth of $4.5 billion. He is the founder of Ynna Holding and the owner of the Riad Mogador hotel chain and group of supermarkets Aswak Assalam in Morocco. He is known for his strong stance against alcohol wh…
Biography,As a child he was taught in a mosque and he started working alternatively as a goat herder and as a farmer. At 15, he saved up enough money and moved from Marrakech to Kenitra where he started his first construction company in 1948.At a time when trading business in Kenitra was restricted to the French, some Jewish businessmen, and some of the well known Moroccan families, Chaabi ventured into the field. His interest went toward the ceramic industry which made him start his own ceramic company in 1964. Soon, Chaabi gained enough experience in the business and began to seek for opportunities to purchase large companies. He offered to become an investor in a French company but the company refused his offer, which drove him to keep pressuring it by selling products with competitive prices until it had finally collapsed and was on the verge of bankruptcy. In 1985, the company sold all of its properties to Chaabi himself. This success was a turning point for Chaabis professional career, and as a result he founded Ynna Group which became one of the most powerful holding companies in Morocco.In 1992, he founded JBC for cardboard paper and got a deal for the sale of the petrochemical company SNEP in 1993. In 1994, he launched ELECTRA for electrical components, cables and television batteries. In 1998, he launched Aswak Assalam shopping chain which was followed by the launch of Riyad Mogador hotel chain in 1999.
Wikipedia Source: Miloud Chaabi