How much is Wissam Al Mana’s net worth?
| net worth: | $1 billion |
|---|---|
| age: | [agebirthdate=19750101[agedob=19750101[आयुजन्मतिथि=19750101[agedob=19750101 |
| Birth: | January 1, 1975 |
| gender: | Male |
| Height: | 1.70 m (5 ft 7 in) |
| country of origin: | Queue |
| Sources of funds: | entrepreneur |
| Last Updated: | July 28, 2024 |
Introduction
As of July 2024, Wissam Al Mana’s net worth is estimated to be approximately $1 billion, making him one of the highest-paid businessmen in the industry.
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Wissam Al Mana is a Qatari businessman who is the executive director of the Al Mana Group.
The group’s activities include food and beverage, technology, media, retail, real estate, services, distribution, automotive and investments.
Al Mana represents brands in the retail sector including luxury goods, fashion, beauty, jewellery and watches.
Al Mana married pop singer Janet Jackson in 2012 and the couple’s first child, Eisa, was born in 2017.
early life
Wissam Al Mana was born on 1 January 1975 in Qatar.
When he was two years old, he moved to London with his family.
She spent her early years in London, where she developed a love for fashion and style.
At the age of 14, Al Mana began applying for jobs at every fashion store on the King’s Road.
Wissam Al Mana moved to the United States after completing his schooling, where he obtained a degree from George Washington University before moving to the London School of Economics.
Livelihood
After completing all the academic requirements (George Washington University and London School of Economics), Wissam joined the family business.
While living there, he and his brothers, Hisham Saleh Al Mana and Kamal Saleh Al Mana, began growing the family business empire.
He played a key role in the growth and expansion of the Al Mana Group, which now has over 55 companies operating in 8 countries.
Wissam led the international expansion of his brothers’ Almana Group, which was previously limited to the Middle East, into which he incorporated his own business interests.
He oversaw the Al Mana Group’s expansion into international markets, particularly in the Middle East, where the brothers integrated their business interests.
Their efforts to diversify the business were successful and the brothers’ portfolio spread across various sectors, including automotive, real estate, retail and hospitality.
Wissam has partnered with luxury brands such as Hermes, Harvey Nichols and Armani Exchange, establishing Al Mana as a leading company in the Middle Eastern luxury retail sector.
Partnerships with high-end fashion brands
He expanded the group’s presence in the fashion industry through investments in high-end fashion brands and franchises such as Dolce & Gabbana and Giorgio Armani.
Working together with Stefano Gabbana, one of the richest designers in the world, was a strategic move that benefited the company handsomely.
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The company is divided into several major divisions, each of which focuses on specific segments of the respective brands.
The automotive division includes Nissan, Infiniti, Renault, and the National Car Rental Company (for enhanced mobility).
Another central element of the business is property development for commercial, retail and residential properties in prime locations around the world.
Al Mana is committed to investing in the Middle East and other global markets, placing projects at the forefront of contemporary architectural discussion.
Notable investments include Al Mana Tower, Condotti, India (resort hotel), One Dover Street and Park Lane, London.
One Dover Street features four levels of office space, a penthouse apartment on the top floor and 23,310 square feet of retail space.
There is an additional retail area on the first floor, and a nightclub called Mahiki on the ground floor, just below Piccadilly in Mayfair.
His portfolio also includes City Walk Residences in Dubai, Chester Collection and Park Lane in Doha, Qatar.
A step towards entertainment
The entertainment division consists of five separate units that cater to a variety of interests and events, from cinemas to children’s playgrounds.
One company affiliated with Funderdome is Event Utopia, based in Doha, Qatar, which supplies a variety of custom party goods to companies and individuals.
They specialise in offering impressive inflatable games for a variety of events from birthday parties, graduation ceremonies, fairs and carnivals to business functions.
Other companies in the entertainment division include Flick Cinemas, Jump and Hangout, which cater to a wide choice of entertainment choices.
In addition to its entertainment arm, the group also has an active presence in the media, design and digital sector, providing public relations and marketing services within the company.
Like Richard Branson, Wissam has also looked at the businesses under his control and identified a number of high-value opportunities.
Securing Luxury Brands
The company owes its existence to its original founder, the late Saleh Al Hamad Al Mana, who was born in 1912 and was a businessman in Saudi Arabia before moving to Qatar.
He had extensive knowledge of imports and trade and was quick to take advantage of opportunities in the thriving peninsula.
Saleh Al Hamad Al Mana’s work ethic was impressive, based on effective management and direct involvement in business operations.
His down-to-earth style and humble values helped the company achieve the business excellence and customer loyalty it is associated with today.
Wissam continued his father’s work, successfully acquiring a wide range of luxury brands including Hermes Paris, Saint Louis, Giorgio Armani, and John Lobb.
He has also modeled for Harvey Nichols, Saks Fifth Avenue, Tadashi Shoji, Stella McCartney Kids, Karl Lagerfeld Kids, Roberto Cavalli Jr. and Bugatti, among others.
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Wissam also acquired additional high-value retail brands, including Adolfo Domínguez, Armani Exchange, Calvin Klein, Go Sport, and Lush Fresh Handmade Cosmetics.
Bringing Western brands to the Middle East
The Food & Beverage division’s portfolio boasts an enviable array of popular retail brands, with Armani Café, McDonald’s and Häagen-Dazs topping the list.
His company has invested in Illy Coffee, Acqua Panna Natural Spring Water, and the ever-popular S. Pellegrino and Feu Hydrogen Rich Water.
Al Manna features Anne Klein, Balmain Swiss Watches, Calvin Klein and Cartier, satisfying its customers’ desire for elegant jewellery, watches and eyewear.
He married famous American singer and actress Janet Jackson in 2012 and their child, Eisa Al Mana was born in 2017.
Wissam has contributed to promoting Qatari culture and heritage globally and has demonstrated visionary leadership in guiding the Al Mana Group.
Wissam Al Mana Net Worth
As of July 2024, Wissam Al Mana’s net worth is estimated to be $1 billion.
Highlights
Here are some of the best highlights of Wissam Al Mana’s career:
- London School of Economics (Business Degree)
- Executive director of a group with the same name
- Operates Renault, Nissan, Infiniti and National Car Rental
- Retail holdings include Giorgio Armani, Dolce & Gabbana, Dior Homme
- Mirqab Mall (2016)
- Fitzrovia to Mayfair
Favourite quotes from Wissam Al Mana
“To the most beautiful person in the world, thank you for your divine love, your eternal support and for being my best friend, I love you so much, InshaAllah we will always be together in the great Forever x,” the megarich tycoon. – Wissam Al Mana
“I always strive to achieve the best in whatever I do and I have learned a lot from my travels around the world. These two qualities have helped me get to where I am today in my professional life and for that I am nothing but grateful.” – Wissam Al Mana
“Because these flies that you see are full of blood and sting me very little, and if you remove these, which are already satiated, from me, more hungry flies will come in their place and drink all the remaining blood of mine.” – Wissam Al Mana
“Wealth is not about money, it’s about knowledge. I want to learn more, I want to gain more knowledge about the world around me, my passions, how to elevate myself intellectually and spiritually.” – Wissam Al Mana
“The journey is still rewarding and exciting. However, I would say the satisfaction and joy I get from enriching the lives of others is way above anything else. Whether it’s the end user or a member of my team. You realise how lucky you are to be able to give that feeling.” – Wissam Al Mana
Frequently Asked Questions
How much is Wissam Al Mana worth?
Wissam Al Mana’s net worth is estimated at $1 billion.
How old is Wissam Al Mana?
Wissam Al Mana was born on 1 January 1975 and currently, he is 49 years old.
How tall is Wissam Al Mana?
Wissam Al Mana has a height of 1.70 m, which is equivalent to 5 feet 7 inches.
Summary
Wissam Al Mana is one of the most successful businessmen in the world.
His group includes many people who make him one of the best executive directors.
Al Mana is also representing a number of brands such as jewellery and watches.
Wissam Al Mana has a net worth of around $1 billion making him one of the richest businessmen in the industry.
What do you think about Wissam Al Mana’s net worth? Comment below.
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Category: Net worth