Billionaire Profile
David Fattal & family
Global Rank
#2019

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

David Fattal & family

CEO, Hotels
ISRAEL
Real-Time Net Worth
$2.014B
Estimated based on Hotels stock value as of March 6, 2026
+5.1% (24h)
Age
68
Source
hotels
Industry
Service
Citizenship
ISRAEL

Biography

David Fattal, the founder of Fattal Hotels, is an Israeli billionaire renowned in the hospitality sector. Starting his career as a waiter, Fattal built Israel's largest hotel organization. He founded Fattal Hotels in 1998, after having climbed the management ranks. Fattal's success is marked by his strategic expansion across Europe and the Mediterranean, as well as a listing on the Tel Aviv Stock Exchange in 2018. His source of wealth is primarily from hotels, with a current net worth of $1.95 billion.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

David Fattal's career began with humble beginnings. He started as a waiter before rising through the ranks of the hospitality industry, learning the ropes and understanding the nuances of hotel management.

Rise to Success

In 1998, at the age of 41, Fattal founded Fattal Hotels. This marked a significant milestone, transforming his decades of experience into a major business venture. The company quickly grew, becoming Israel's largest hotel organization.

Key Business Strategies

Fattal's strategy involved a combination of organic growth and strategic acquisitions. He expanded the company's presence significantly both within Israel and internationally, particularly in Europe. Fattal took the chain's parent company, Fattal Holdings, public on the Tel Aviv Stock Exchange in 2018. Today, Fattal manages hundreds of hotels across multiple countries, demonstrating his ability to adapt and thrive in the global hospitality market.

Philanthropy

Fattal Hotels demonstrates a commitment to community involvement. The company supports charitable associations, fosters inclusive workplaces, and integrates people with disabilities into its workforce. During times of crisis, such as the Israel-Hamas war, Fattal Hotels has housed evacuees and provided various forms of support.

Career Milestones

1998

Founded Fattal Hotels

David Fattal founded Fattal Hotels, marking the beginning of his major entrepreneurial venture in the hotel industry.

2018

Fattal Holdings IPO

Fattal took the chain's parent company, Fattal Holdings 1998, public on the Tel Aviv Stock Exchange.

2025

Leading Hotel Owner in Europe Award

David Fattal received the Leading Hotel Owner in Europe award at the ITHIC Conference in Rome, Italy.

Philanthropy & Social Impact

Community Involvement

Community Support

Undisclosed

Fattal Hotels supports charitable associations and integrates people with disabilities into its workforce.

Crisis Response

Support During Crisis

Undisclosed

Fattal Hotels housed evacuees and provided support during the Israel-Hamas war.

Business Philosophy & Leadership

Notable Quotes

"“I thank the awards committee for this esteemed recognition. This award belongs to me just as much as it belongs to every single member of our team, who work with dedication and embody the values of excellence, professionalism, and exceptional hospitality experience.”"

Leadership Principles

Excellence

Striving for excellence in all aspects of the business.

Hospitality

Providing exceptional hospitality experiences for guests.

Community Involvement

Contributing to the community through charitable initiatives and inclusive practices.

Controversies & Challenges

2024

Boycott Protest

Leonardo and the G are said to be owned by the Fattal Hotel Group, which is controlled by Israeli billionaire David Fattal. Fattal Group HQ is in Tel Aviv and is traded on the Tel Aviv Stock Exchange, contributing to the Israeli economy and funding its genocide. Back in April of this year, the hotel group also hosted and organised events for IDF soldiers in April.