Isaac Saba Raffoul (October 17, 1923 – July 27, 2008) was a Mexican businessman of
Syrian Jewish
Syrian Jews ( he, יהודי סוריה ''Yehudey Surya'', ar, الْيَهُود السُّورِيُّون ''al-Yahūd as-Sūriyyūn'', colloquially called SYs in the United States) are Jews who lived in the region of the modern state of Syri ...
descent; his father emigrated from
Aleppo
)), is an adjective which means "white-colored mixed with black".
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,
Syria
Syria ( ar, سُورِيَا or سُورِيَة, translit=Sūriyā), officially the Syrian Arab Republic ( ar, الجمهورية العربية السورية, al-Jumhūrīyah al-ʻArabīyah as-Sūrīyah), is a Western Asian country loc ...
to
Veracruz
Veracruz (), formally Veracruz de Ignacio de la Llave (), officially the Free and Sovereign State of Veracruz de Ignacio de la Llave ( es, Estado Libre y Soberano de Veracruz de Ignacio de la Llave), is one of the 31 states which, along with Me ...
,
Mexico
Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...
where he started a rag business which the family built on. Isaac Saba Raffoul was one of the
wealthiest persons in the world according to ''
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
'' magazine. 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
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energ ...
Mexico to open up a new nationwide television channel.
TV Azteca
TV Azteca, S.A.B. de C.V. is a Mexican multimedia conglomerate owned by Grupo Salinas. It is the second-largest mass media company in Mexico after Televisa. It primarily competes with Televisa as well as some local operators. It owns two national ...
and
Televisa
Grupo Televisa is a Mexican multimedia mass media company. A major Latin American mass media corporation, it often presents itself as the largest producer of Spanish-language content.
In April 2021, Televisa and Univision Communications announce ...
, upon hearing this, accused him of monopolizing medicine prices in an attempt to discredit him. According to El Financiero, there is no such monopoly. After his death in 2008, his two youngest sons Alberto and Manuel inherited the ownership of the company.
See also
*
List of billionaires (2005)
''The World's Billionaires'' is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine ''Forbes''. The list was first published in Marc ...
*
List of Mexican billionaires
The following is a Forbes list of Mexican billionaires is based on an annual assessment of wealth and assets compiled and published by ''Forbes'' magazine on April 17, 2017, updated April 13, 2023.
Mexican Rich List 2023
# Carlos Slim - US$93.0 ...
References
External links
Profileat ''
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
''
1923 births
2008 deaths
20th-century Mexican businesspeople
Mexican billionaires
Syrian billionaires
Mexican people of Syrian-Jewish descent
People from Veracruz
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