Billionaire Profile
David Fattal & family
Global Rank
#1911

Image: Henry David Thoreau | Public domain | via Wikimedia Commons

David Fattal & family

CEO, Hotels
ISRAEL
Real-Time Net Worth
$2.226B
Estimated based on Hotels stock value as of April 20, 2026
+1.2% (24h)
Age
68
Source
hotels
Industry
Service
Citizenship
ISRAEL

Biography

David Fattal, the 68-year-old founder of Fattal Hotels, is an Israeli billionaire who built his wealth in the service industry, specifically in hotels. Fattal's career began with humble beginnings, rising through the ranks before founding Fattal Hotels in 1998 at the age of 41. He holds a Bachelor of Social Sciences from the University of Haifa. Fattal has overseen the growth of Fattal Hotels into a major international chain with over 300 hotels across 21 countries. Fattal's net worth is primarily derived from his ownership and management of these hotels, and he is ranked among the world's billionaires.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

David Fattal was born in Haifa, Israel, in 1957. He earned a Bachelor of Social Sciences from the University of Haifa. He furthered his education with studies at the Tadmor School for Hotel Management and courses at Cornell University. Fattal's career in the hotel industry started at age 27 as General Manager of Dan Accadia Hotels in Herzliya.

Rise to Success

In 1998, David Fattal founded the Fattal Hotel Management Company, launching his own venture with the Le Meridien Eilat. His strategic vision led to the rapid expansion of the company. By 2005, Fattal Hotels began expanding into Europe, establishing Leonardo Hotels as its European division. Fattal took the company public on the Tel Aviv Stock Exchange in 2018.

Key Business Strategies

Fattal's success is attributed to several key strategies, including strategic locations in city centers and resorts, leading to its status among Europe's fastest-growing hospitality brands. Fattal's company operates multiple brands such as Leonardo Hotels, NYX Hotels, and Herods. The company has expanded internationally, with a strong presence in Europe, the UK, and Israel.

Philanthropy

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Career Milestones

1998

Founded Fattal Hotel Management Company

David Fattal started his own business and opened the first hotel of the chain, Le Meridien Hotel Eilat.

2005

Expansion into Europe

Fattal Hotels expanded its portfolio into Europe, founding Leonardo Hotels as its European Division.

2018

Public Listing

Fattal Holdings (1998) was listed on the Tel Aviv Stock Exchange.

Philanthropy & Social Impact

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Undisclosed

Information on specific amounts of philanthropy by David Fattal was not found in the search results.

Business Philosophy & Leadership

Notable Quotes

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Leadership Principles

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Controversies & Challenges

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