MBI International News & Press: 21/04/2013
Sheikh Mohamed Bin Issa Al Jaber on the Sunday Times Rich List 2013
H.E Sheikh Mohamed Bin Issa Al Jaber
On the 21st April 2013, the Sunday Times released their 25th Anniversary Rich List; this year H.E Sheikh Mohamed Bin Issa Al Jaber is positioned at #15, making him the top-ranking Arab on their List.
The Sunday Times, which calculates the wealth of both home grown citizens and prominent business people operating in the UK, was quoted as saying: “Mohamed Bin Issa Al Jaber, the Saudi Arabian who owns JJW Hotels and Resorts, makes his debut on the Rich List this year. He is ranked 15th with a fortune of just over £4.5bn.”
According to the list, Sheikh Mohamed has also emerged as the wealthiest hotel entrepreneur in the UK and the only food industry player to appear in the top 20.
Sheikh Mohamed is currently looking to expand his luxury holdings in Portugal and elsewhere in Europe as the current economic crisis presents buying opportunities for cash-rich investors. Sheikh Mohamed was recently quoted in Bloomberg as saying: “We are looking at a lot of opportunities in Europe, including in Portugal… where there are difficulties, there will always be opportunities.”
In addition to his appearance on the Sunday Times 2013 Rich List, Sheikh Mohamed was also cited by the Sunday Times as having one of the top ten fastest growing fortunes in the UK… as well as being featured in their Giving List coverage as one of the most notable donors of the year.