Fawaz Alhokair | $1B+

Get in touch with Fawaz Alhokair | Fawaz Alhokair, Saudi billionaire businessman, co-founded the Fawaz Alhokair Group and expanded it from a single menswear shop in 1989 into a retail giant representing leading global fashion brands. Under his leadership, the group diversified into shopping malls, hotels, and entertainment ventures, establishing a presence across the Middle East and beyond. Known for his entrepreneurial drive and ambitious expansion, Alhokair has played a pivotal role in modernizing Saudi Arabia’s retail landscape and connecting regional consumers with international brands.

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In November 2017, the Saudi government detained about 200 businessmen and royals in the Ritz-Carlton hotel Riyadh on unspecified corruption charges. It is not known whether Alhokair was among those detained by the Saudi government. A spokesperson for Alhokair did not reply to a request for comment from Forbes. Fawaz Alhokair (Arabic: فواز الحكير, romanized: Fawāz al-Ḥukayr; born 1965/66) is a Saudi billionaire property developer. Fawaz Alhokair Born 1965 or 1966 (age 58–59)[1] Nationality Saudi 432 Park Avenue, 2015 In 1989, he founded Fawaz Abdulaziz Alhokair Group with his two brothers, and started with just two menswear stores.[1] The company now has 19 shopping malls in Saudi Arabia, and the local franchise rights to brands including Zara, Banana Republic, Gap, Nine West and Topshop.[1] Alhokair lives in Riyadh, Saudi Arabia.[1] In 2015, Alhokair bought the largest apartment at 432 Park Avenue, New York, a 8,255-square-foot (766.9 m2), six-bedroom, seven-bath penthouse with a library, for $87.7 million.[2][3][4][5][6] Later, in June 2021, it was reported that the apartment would be listed for $170 million.

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