Isaac Saba Raffoul
Born(1923-10-17)October 17, 1923
DiedJuly 27, 2008(2008-07-27) (aged 84)
NationalityMexican
OccupationBusinessman
SpouseRebecca
Children3

Isaac Saba Raffoul (October 17, 1923 – July 27, 2008) was a Mexican businessman of Syrian Jewish descent;[1] his father emigrated from Aleppo, Syria to Veracruz, Mexico where he started a rag business[2] which the family built on. Isaac Saba Raffoul was one of the wealthiest persons in the world according to Forbes magazine, with a net worth of $2.1 billion.[3] He had been married with wife Rebecca for over 40 years and had three sons: Moises, Manuel and Alberto.

He was the president of Grupo Xtra and chairman of Casa Saba. There has been a controversy surrounding him since he teamed up with General Electric Mexico to open up a new nationwide television channel. TV Azteca and Televisa, upon hearing this, accused him of monopolizing medicine prices in an attempt to discredit him. According to El Financiero, there is no such monopoly.[4] After his death in 2008, his two youngest sons Alberto and Manuel inherited the ownership of the company.[5]

See also

References

  1. ↑ "Another billionaire family tragedy". Forbes.
  2. ↑ El delito fiscal de Isaac Saba Archived 2009-09-06 at the Wayback Machine
  3. ↑ Thibault, Marie. "Another Billionaire Family Tragedy". Forbes. Retrieved 2023-12-26.
  4. ↑ "El Financiero en línea" (in Spanish). Archived from the original on 2009-09-07. Retrieved 2006-12-19.
  5. ↑ "Cuando la sucesión generacional no funciona en las empresas" (in Spanish). Retrieved 2018-07-23.


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