Fawaz Alhokair, a prominent Saudi real estate mogul born around 1965/66, is a foundational figure behind the Fawaz Abdulaziz Alhokair Group, which he established in 1989 with his siblings. He has played a pivotal role in transforming the retail and property development landscape in Saudi Arabia. The journey began modestly with just two men's clothing outlets, but the enterprise has since flourished, now owning 19 shopping complexes across the kingdom and holding local franchising rights for globally recognized brands such as Zara and Gap. Residing in Riyadh, Alhokair gained significant media attention in 2015 when he acquired New York City's largest penthouse at 432 Park Avenue for an impressive $87.7 million. This luxurious property, spanning over 8,255 square feet and featuring six bedrooms along with a personal library, was listed in June 2021 for an astounding $170 million, showcasing the pinnacle of high-end real estate investment. Fawaz Alhokair hails from a business-oriented family; his father, Abdulaziz Alhokair, was a successful entrepreneur who laid the groundwork for the Alhokair Group, a leading Saudi conglomerate involved in various sectors, including retail, real estate, and manufacturing. Alhokair's career took a significant leap forward with the co-founding of the Fawaz Abdulaziz Alhokair Group in 1989. From its humble beginnings with two menswear stores, the company has expanded remarkably, now operating 19 shopping malls throughout Saudi Arabia. Through strategic partnerships and franchise agreements, the group has secured local rights for esteemed international brands such as Zara, Banana Republic, Gap, Nine West, and Topshop.

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