Success story 5: Miloud Chaabi, the shepherd who became a billionaire

The Moroccan billionaire Miloud Chaabi , 82 years old, is the sixth richest man in Africa with a fortune estimated at $ 3 billion, according to a list published by the U.S. magazine Forbes.
Miloud Chaabi was born in 1929 in Chiadma near Essaouira in Morocco. Very young, he began working in several areas before going to Kenitra, where he became mason. In 1948, barely 18 years old, he founded his first construction company. Through hard work, "Lhaj Miloud" climbed the ladder to get into property development in the 50's. Then he decided to go into business abroad, in Africa. In the 80s he back with more maturity and created the group Ynna Holding in 1986. Ynna Holding is now a multinational firm with a workforce of 1800 employees. From the construction and property development (New Works Company Morocco) to the tourism sector with the chain Ryad Mogador, through the industry of building materials (asbestos cement ...) or mass distribution with Aswak ASSALAM, Ynna holding, or as some like to call it, " the Empire of the shepherd ", leaves no fertile ground without exploitation.