Isaac Saba Raffoul (October 17, 1923 – July 27, 2008) was a Mexican businessman of

Syrian Jewish Syrian Jews ( ''Yehudey Surya'', ''al-Yahūd as-Sūriyyūn'', colloquially called SYs in the United States) are Jews who live in the region of the modern state of Syria, and their descendants born outside Syria. Syrian Jews derive their origin ...

descent; his father emigrated from

Aleppo Aleppo is a city in Syria, which serves as the capital of the Aleppo Governorate, the most populous Governorates of Syria, governorate of Syria. With an estimated population of 2,098,000 residents it is Syria's largest city by urban area, and ...

Syria Syria, officially the Syrian Arab Republic, is a country in West Asia located in the Eastern Mediterranean and the Levant. It borders the Mediterranean Sea to the west, Turkey to Syria–Turkey border, the north, Iraq to Iraq–Syria border, t ...

Veracruz Veracruz, formally Veracruz de Ignacio de la Llave, officially the Free and Sovereign State of Veracruz de Ignacio de la Llave, is one of the 31 states which, along with Mexico City, comprise the 32 Political divisions of Mexico, Federal Entit ...

Mexico Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundar ...

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 founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

'' magazine, with a net worth of $2.1 billion. He had been married to 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) was an American Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1892, incorporated in the New York (state), state of New York and headquartered in Boston. Over the year ...

Mexico to open up a new nationwide television channel.

TV Azteca Televisión Azteca, S.A.B. de C.V., commonly known as TV Azteca, 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 so ...

and

Televisa Grupo Televisa, S.A.B., simply known as Televisa, is a Mexican telecommunications and broadcasting company. A major Latin American mass media corporation, it often presents itself as the largest producer of Spanish-language content. In April ...

, 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.

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Profile
at ''

'' 1923 births 2008 deaths 20th-century Mexican businesspeople Mexican billionaires Syrian billionaires Mexican people of Syrian-Jewish descent Mexican people of Syrian descent Syrian Jews People from Veracruz {{mexico-business-bio-stub

See also

References

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