Munib al-Masri

Munib al-Masri
Born Munib Rashid al-Masri
1934 (age 79–80)
Nablus, British Mandate for Palestine
Residence Nablus, West Bank
Nationality Palestinian
Alma mater An-Najah National University
University of Texas at Austin
Occupation Businessman
Net worth IncreaseUS$ 5.0 billion (2013)[1]
Spouse(s) Angela Masri
Children 4 sons and 2 daughters

Munib Rashid al-Masri (Arabic: منيب المصري‎), also known as the "Duke of Nablus" and the "Palestinian Rothschild"[2] (b. 1934), is a member of the Palestine Legislative Council and former Jordanian Cabinet Minister. During his term as cabinet minister he helped Yasser Arafat and his Fatah commanders escape Jordan during the Black September period.

Personal life

Masri was born in Nablus in 1934, attended the an-Najah National University, and graduated from the University of Texas in the United States. He was involved in establishing the al-Quds University.

His wealth is rooted in the oil and gas business, but much of his investments fall under the Edgo Group, his holding company based in London which operates in contracting, industrial development, trading, distribution and representation, project development, operation and maintenance. Masri is also the head of the Padico investment holding group, which controls 35 companies that include telecommunications (such as the Jawal mobile operator), construction, tourism (the Intercontinental Hotel Group), energy, environment, banking, finance and agriculture.[2]

Between 1998-2000 he built a house which he named "Beit Falasteen" or House of Palestine, inspired by Andrea Palladio, near Nablus [3] He is married to Angela Masri and has four sons, Rabih, Mazen, Omar and Leith, and two daughters Mai Masri and Dina.

Political career

Masri launched a political movement to rival Fatah and Hamas, called the Palestine Forum, on 16 November 2007.[4][5][6] He turned down an offer to become Prime Minister three separate times.

Peace efforts

In 2012, as part of an effort to persuade the Palestinian and Israeli governments to start peace talks again take the Arab League’s 2002 Peace Initiative seriously, Masri has been meeting with Israeli businessman Rami Levy at Levy’s supermarkets in the West Bank, where the two have been planning a public-private partnership for peace. Masri explained that he is doing this now because "I want to see peace in Israel and Palestine before I die. And both sides really want peace and can benefit from it. We’ve seen enough suffering by mothers on both sides. It’s time to lead peaceful, safe lives."[2]

As a result, Masri has been singled out by a Palestinian group known as the Boycott National Committee (BNC), due to a number of Levy's supermarkets being located in the West Bank, causing the chain to be branded by the BNC as supporting the "settlement enterprise." The BNC described the meeting as "among the worst kinds of normalization" and asserted that the Arab League's peace proposal had been rejected by Palestinians. The BNC has demanded that the PLO end the meetings between Masri and Levy.[7]


External links

  • Prime Ministry of Jordan website