Miloud Chaabi
Moroccan businessman and politician
Miloud Chaabi (Arabic: ميلود الشعبي; 15 September 1930 – 16 April 2016) was a Moroccan businessman and politician. He was the founder of Ynna Holding and the owner of the Riad Mogador hotel chain and group of supermarkets Aswak Assalam in Morocco.2
From Wikipedia’s article on Miloud Chaabi (this version), CC BY-SA 4.0.
Born Sep 15, 1930, died Apr 16, 2016.1
Net worth $1.3B (as of Mar 2015).9 Richest people
About
He was known for his strong stance against alcohol which is banned from both his hotel chain and supermarkets. His daughter, Asma Chaâbi has been mayor of the city of Essaouira from 2003 to 2009, and was the first woman to hold such a position in Morocco. His son, Mohcine, is a current member of the House of Representatives, while his late son Mohamed and his other son Faouzi, held the same positions in the past. He was also the parliamentary representative of Essaouira after winning the elections in 2011, until he resigned on December 8, 2014 due to his declining health. His seat in the parliament was taken by his daughter Asma, who was second on the electoral list.
In 2011, his fortune was estimated by Forbes Magazine at some $3 billion which made him the sixth richest man in Africa at the time, and the wealthiest person in Morocco.
Chaâbi was also known for his philanthropic and charity work and donated 10% of his fortune to build the first American university in Morocco in conjunction with the Indiana State University, Terre Haute, Indiana. He was the operator of one of the largest charity organisations in Morocco, the Miloud Chaâbi Foundation.
From Wikipedia’s article on Miloud Chaabi, shared under CC BY-SA 4.0.2
Companies
- Aswak AssalamFounder10
- Société nationale d'électrolyse et de pétrochimieFounder11
- Super CérameFounder12
- Ynna HoldingFounder13
Career
Occupation: politician, businessperson.5
- 2002 to 2014Member of the House of Representatives of Morocco4
- Date not recordedFounded Aswak Assalam3
Personal life
Politics
Until he resigned in 2014, Miloud Chaabi won all Moroccan parliamentary elections since 1984, though he changed his political party multiple times. Parties of which he was a member include Party of Progress and Socialism and Environment and Development Party.
In July 2008, he heavily criticized Driss Jettou's government for selling public properties at low prices without taking the proper legal procedures.
From Wikipedia’s article on Miloud Chaabi (this version), CC BY-SA 4.0.
Net worth over time
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataMiloud Chaabi on Wikidata
- 2WikipediaMiloud Chaabi on Wikipedia
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- 10WikidataAswak Assalam, Founder
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- 12WikidataSuper Cérame, Founder
- 13WikidataYnna Holding, Founder
- 14Wikimedia CommonsMiloud Chaabi photo by Bachirovic, CC BY-SA 3.0