Toufic_Aboukhater
Toufic Aboukhater
Palestinian-Lebanese billionaire businessman (1934–2020)
Toufic Aboukhater (1934-2020) was a Monaco-based Palestinian billionaire businessman.
Toufic Aboukhater | |
|---|---|
| Born | Toufic Mosleh Aboukhater 9 December 1934 |
| Died | 6 August 2020(2020-08-06) (aged 85)[2] |
| Nationality | French, Lebanese |
| Occupation | Businessman |
| Known for | owner of seven InterContinental hotels |
| Children | 4 |
Aboukhater was born to Palestinian parents in the city of Tiberias, his father was a hotel owner in Tiberias. In 1948 the family moved to Syria then to Lebanon where Toufic completed his education and moved to UAE to work with Royal Dutch Shell, later he became a special economic adviser for the ruler of Ras al Khaima Sheikh Saqr al Qasimi.[3]
In 1998, Aboukhater bought the Loews Hotel Monte-Carlo from Loews Hotels Holding Corporation for an undisclosed price and renamed it the Monte Carlo Grand Hotel.[4] In 2004 the hotel was acquired by hotel chain Fairmont Hotels and Resorts for Euro 215 million, and it is now the Fairmont Monte Carlo.[5]
In April 2011, Aboukhater bought seven InterContinental hotels, including the InterContinental Carlton Cannes Hotel and the InterContinental Amstel Amsterdam for a reported $643 million.[6][7]
In 2014, he had a net worth of $5.6 billion.[8]
He was married and had four sons, Kamal Aboukhater, Bassam Aboukhater, Ghassan Aboukhater, and Houssam Aboukhater.[2] Therese Aboukhater was the mother of his children .[2]
Aboukhater died at his home in Bluffton, South Carolina, US on 6 August 2020.[2]
- "Obituary of Toufic Aboukhater". Retrieved 14 August 2020.
- الاتحاد, صحيفة (10 February 2010). "تسجيلات نادرة مع شيخين شابين". صحيفة الاتحاد.
- "Hotel Online Special Report - Loews Monte Carlo Hotel Sold". Retrieved 9 October 2014.
- "Lebanese businessman Toufic Aboukhater owns the iconic InterContinental Carlton Cannes, one of seven InterContinental hotels he purchased in April 2011. - Image". Hotel Management Network. 15 June 2011. Retrieved 7 July 2017.
- "Safra tops the list of Lebanon's richest seven - Martin Jay - An-Nahar English". En.annahar.com. 10 December 2014. Retrieved 7 July 2017.
- Elnur Salihovic (5 October 2015). Major Players in the Muslim Business World. Universal-Publishers. p. 195. ISBN 978-1-62734-052-6. Retrieved 7 July 2017.