What is Wissam Al Mana’s net worth?
| Net Worth: | $1 Billion |
|---|---|
| Age: | 48 |
| Born: | January 1, 1975 |
| Gender: | Male |
| Height: | 1.70 m (5 ft 7 in) |
| Country of Origin: | Qatar |
| Source of Wealth: | Entrepreneur |
| Last Updated: | March 8, 2023 |
Introduction
As of June 2024, Wissam Al Mana’s net worth is roughly $1 Billion, which makes him one of the highest-paid businessmen in the industry.
Wissam Al Mana is a Qatari business magnate who is the executive director of 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 covering retail areas, including luxury goods, fashion, beauty, jewelry, and watches.
Al Mana married pop singer Janet Jackson in 2012, and the couple had their first child, Eissa, in 2017.
Early Life
Wissam Al Mana was born in Qatar on January 1, 1975.
He moved to London with his family when he was 2 years old.
He spent his first years in London, where he developed an early love for fashion and style.
At the age of 14, Al Mana started applying to every fashion store on King’s Road for a job.
After Wissam Al Mana completed his schooling, he moved to the United States, where he received a degree from George Washington University before he went to the London School of Economics.
Career
With all the academic requirements met (George Washington University & the London School Of Economics), Wissam joined the family business.
While there, he and his brothers, Hisham Saleh Al Mana, and Kamal Saleh Al Mana, began to grow the family business empire.
He was instrumental in the growth and expansion of the Al Mana Group, which now has more than 55 companies operating in 8 countries.
Wissam led his brothers’ international expansion of the Almana Group, which had previously been limited to the Middle East and in which they combined their business interests.
He oversaw the expansion of the Al Mana Group into international markets, particularly in the Middle East, where the brothers combined their business interests.
His efforts to diversify the business paid off, and the brothers’ portfolio expanded into various sectors, including automotive, real estate, retail, and hospitality.
Wissam spearheaded partnerships with luxury brands like Hermes, Harvey Nichols, and Armani Exchange, establishing Al Mana as a leading player in Middle Eastern luxury retail.
Partnering 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 and Gabbana and Giorgio Armani.
Teaming up with one of the richest designers in the world, Stefano Gabbana, was a strategic move that has paid off handsomely for the company.
The company is divided into several major divisions, each of which is focused on specific segments of related brands.
Within the automotive division, these include Nissan, Infiniti, Renault, and National Car Rental Company (for increased mobility).
Another central element of the business is property development for commercial, retail, and residential properties in prime locations around the globe.
Firmly placing projects at the vanguard of contemporary architectural discourse, Al Mana is committed to investing in the Middle East and other global markets.
Notable investments include Al Mana Tower, Kondotty, India (resort hotel), One Dover Street, and Park Lane, London.
One Dover Street has 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 is on the lower level right on Piccadilly in Mayfair.
Their portfolio also includes City Walk Residence in Dubai, the Chester Collection, and Park Lane in Doha, Qatar.
A Move Into Entertainment
The entertainment division consists of five distinct entities, catering to different tastes and events, from cinemas to children’s play areas.
Allied to Funderdome is Event Utopia, a company based in Doha, Qatar, that supplies a variety of bespoke party paraphernalia to companies and individuals.
They specialize in offering impressive inflatable games for various events, ranging from birthday parties, graduations, fairs, and carnivals to business functions.
Other companies in the entertainment division include Flik Cinemas, Jump, and Hangout, catering to a wide range of entertainment tastes.
Aside from its entertainment arm, the Group has an active media, design & digital footprint, providing public relations and marketing services within the company.
Like Richard Branson, Wissam has monitored the businesses under his control and identified numerous 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, a merchant in the Kingdom before moving to Qatar.
He had extensive knowledge of importing and trading and was quick to capitalize on the opportunities in the thriving peninsula.
Saleh Al Hamad Al Mana had an impressive work ethic founded on effective management and direct participation in business operations.
His hands-on style and modest values helped the company achieve the business excellence and customer loyalty that has come to be associated with it today.
Wissam continues his father’s work by successfully acquiring an extensive range of luxury brands, including Hermes Paris, St Louis, Giorgio Armani, and John Lobb.
He also secured Harvey Nichols, Saks Fifth Avenue, Tadashi Shoji, Stella McCartney Kids, Karl Lagerfeld Kids, Roberto Cavalli Junior, and Bugatti, to name a few.
Wissam also acquired additional high-value retail brands, including Adolfo Dominguez, Armani Exchange, Calvin Klein, Go Sport, and Lush Fresh Handmade Cosmetics.
Bringing Western Brands To The Middle East
The food and beverage division has a notable array of popular retail brands in its portfolio, with Armani Caffe, McDonald’s, and Häagen-Dazs heading the list.
His company has invested in illy coffee, Acqua Panna Natural Spring Water, and the ever-popular S. Pellegrino and Few Hydrogen Rich Water.
Al Manna has satisfied his customers’ desire for elegant jewelry, watches, and eyewear, introducing Anne Klein, Balmain Swiss Watches, Calvin Klein, and Cartier.
He married Janet Jackson, the prominent American singer and actress, in 2012 and welcomed the birth of their child, Eissa Al Mana, in 2017.
Wissam has contributed to promoting Qatari culture and heritage globally and demonstrated visionary leadership in guiding the Al Mana Group.
Wissam Al Mana Net Worth
As of June 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 his namesake conglomerate
- Operates Renault, Nissan, Infiniti, and National Car Rental
- Retail holdings including Giorgio Armani, Dolce & Gabbana, Dior Homme
- Mirqab Mall (2016)
- Fitzrovia to Mayfair
Favorite 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, inshallah we will be together in the Great Forever x,’ the megarich tycoon.” – Wissam Al Mana
“I always strive to achieve the best in whatever I commit to and have learned so much from my travels across the globe. These two qualities have helped me reach where I am today in my professional life, and for that, I can only be grateful.” – Wissam Al Mana
“For these flies which you see are full of blood, and sting me but little, and if you get rid me of these which are already satisfied, others more hungry will come in their place and will drink up all the blood that I have left.” – Wissam Al Mana
“Wealth is not about money, knowledge is wealth. Want to learn more, I want to gain more knowledge of the world around me, of my passions, of how to elevate myself both intellectually and spiritually.” – Wissam Al Mana
“The journey continues to be rewarding and exciting. I would, however, say that the sense of fulfillment and the enjoyment I get from enriching other people’s lives is pretty high up there. Be it from the end user or a member of my team. You recognize how blessed you are to be able to give such a feeling.” – Wissam Al Mana
Frequently Asked Questions
How much is Wissam Al Mana worth?
Wissam Al Mana’s net worth is estimated to be $1 Billion.
How old is Wissam Al Mana?
Wissam Al Mana was born on January 1, 1975, and is currently 49 years old.
How tall is Wissam Al Mana?
Wissam Al Mana’s height is 1.70 m, which is equal to 5 ft 7 in.
Summary
Wissam Al Mana is one of the most successful businessmen in the world.
His group includes many that make him the best executive director.
Al Mana is also representing many brands as jewelry and watches.
Wissam Al Mana’s net worth is roughly $1 Billion which makes him one of the richest businessmen in the industry.
What do you think about Wissam Al Mana’s net worth? Leave a comment below.
