Moroccan businessman and politician Miloud Chaabi has an estimated net worth of $1.26 billion as of 2015, according to Forbes. He is the founder of Yanna Holding.
Young Miloud had his early education in a mosque. He started working at a very young age. He worked as a farmer and a goat herder. He started his first construction company in Kenitra in 1948; and started his own ceramic company in 1964.
Today Miloud Chaabi’s Yanna Holding operates hotels and supermarkets, develops real estate, and is the majority owner of chemical manufacturer SNEP. He owns Riad Modagor hotel chain and Aswak Assalam group of supermarkets. Alcohol is banned from his hotel chain and supermarkets. He won the parliamentary elections in the year 2007.
Chaabi is involved in various philanthropic activities. He donated around 10 percent of his wealth to construct the first American university in Morocco in conjunction with the University of Maryland, College Park. He operates Miloud Chaabi Foundation, one of the largest organizations in Morocco.
Chaabi is married and has six children. He resides in Casablanca. He is an avid golf player. He collects works by Moroccan artists. He loves sports cars. His son Omar shares his father’s passion for sports cars like Maserati and Ferrari.