Toufic Aboukhater

Toufic Aboukhater (1934-2020) was a Monaco-based Palestinian/Lebanese billionaire businessman.

Toufic Aboukhater
Born
Toufic Mosleh Aboukhater

9 December 1934
Tiberias, British Mandate of Palestine (now Israel)[1]
Died6 August 2020(2020-08-06) (aged 85)[2]
Bluffton, South Carolina, US
NationalityFrench, Lebanese
OccupationBusinessman
Known forowner of seven InterContinental hotels
Net worthUS$5.6 billion (2014)[3]
Partner(s)MaryBeth Jermyn
Children5

Early life

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.[4]

Career

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.[5] 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.[6]

In April 2011, Aboukhater bought seven InterContinental hotels, including the InterContinental Carlton Cannes Hotel and the InterContinental Amstel Amsterdam for a reported $643 million.[7][8]

In 2014, he had a net worth of $5.6 billion.[3]

Personal life

He was married and had four sons, Kamal Aboukhater, Bassam Aboukhater, Ghassan Aboukhater, and Houssam Aboukhater.[2] His long-time partner was MaryBeth Jermyn of South Carolina, and they had a child, Therese Aboukhater.[2]

Aboukhater died at his home in Bluffton, South Carolina, US on 6 August 2020.[2]

References
  1. naturalization of Monaco.
  2. "Obituary of Toufic Aboukhater". Retrieved 14 August 2020.
  3. 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.
  4. نادرة مع شيخين شابين.
  5. "Hotel Online Special Report - Loews Monte Carlo Hotel Sold". Retrieved 9 October 2014.
  6. "Unwritten law - The message: Agreements between friends should be recorded in writing to ensure they are enforceable". Retrieved 9 October 2014.
  7. "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.
  8. "Safra tops the list of Lebanon's richest seven - Martin Jay - An-Nahar English". En.annahar.com. 10 December 2014. Retrieved 7 July 2017.
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