Billionaire Profile
David Fattal & family
Global Rank
#2113

Image: Public domain | via Wikimedia Commons

David Fattal & family

CEO, Fattal Hotels
IL
Real-Time Net Worth
$1.77B
As of December 2025
Age
68
Source
hotels
Industry
service
Citizenship
IL

Biography

David Fattal, at 68 years old, is the founder of Fattal Hotels, Israel's largest hotel organization. His wealth stems primarily from his holdings in the hotels industry. Fattal's career began in the hospitality sector, rising through the ranks before establishing Fattal Hotels in 1998. The company, which went public in 2018, now boasts a substantial portfolio of hotels across multiple countries, marking significant achievements in the European and global hospitality markets. With a current net worth of $1.77 billion, Fattal has secured his position as a prominent figure in the global business arena.

Wealth Over Time

In-Depth Profile

Early Life

David Fattal was born on June 22, 1957. He holds a Bachelor of Social Sciences from the University of Haifa. Fattal's journey began with humble beginnings. He started his career in the hospitality industry as a waiter and bellboy, gaining firsthand experience and a deep understanding of the sector.

Rise to Success

Fattal climbed the management ladder, learning the intricacies of the hotel business. In 1998, at the age of 41, he founded Fattal Hotels. The company quickly expanded, becoming Israel's largest hotel organization. Fattal took the chain's parent company, Fattal Holdings 1998, public on the Tel Aviv Stock Exchange in 2018.

Key Business Strategies

Fattal Hotels has grown through strategic acquisitions and expansions across Europe and the Mediterranean. The company operates under various brands, including Leonardo Hotels, NYX Hotels, and Herods. Fattal's leadership has focused on providing high-quality hospitality experiences and securing prime locations in key markets. Fattal Hotels operates over 300 hotels in over 120 destinations worldwide.

Philanthropy

While specific details on his philanthropy are limited, Fattal's role in the hospitality industry has contributed to the promotion and development of tourism, which has indirectly supported various communities. He was recognized for promoting Israel's international business relations.

Career Milestones

1998

Founded Fattal Hotels

Established Fattal Hotels, which became Israel's largest hotel organization.

2018

Took Fattal Holdings Public

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

2022

International Israeli Businessman of the Year

Received the 'International Israeli Businessman of the Year' Award for promoting Israel's foreign international business relations.

2024

Named Hotelier of the Year

Won the Grand Prix award at the Hospitality Awards in Paris, naming him "Hotelier of the Year in Europe".

Philanthropy & Social Impact

Tourism

Promoting Tourism

Undisclosed

Through Fattal Hotels, David Fattal has contributed to the promotion and development of tourism.

Business Philosophy & Leadership

Notable Quotes

"“I am proud of appointing Asaf and Nadav as co-CEOs of the hotel operations in Israel. They grew up in the company from a young age, demonstrated exceptional management skills, and show deep commitment to the industry.”"

Leadership Principles

Vision

Demonstrates an extraordinary vision.

Boldness and Responsibility

Combines boldness with responsibility in business.

Commitment

Shows deep commitment to the industry.

Exceptional Hospitality

Makes quality and exciting hospitality accessible to more and more guests.