https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Kabir_MulchandaniKabir Mulchandani - Revision history2026-10-29T01:12:46ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Kabir_Mulchandani&diff=507248&oldid=prevYvetteSawtell2: starting post!2026-03-10T20:10:39Z<p>starting post!</p>
<p><b>New page</b></p><div>{{Short description|Businessman, entrepreneur and philanthropist}}<br />
{{Undisclosed paid|date=August 2025}}<br />
{{Use dmy dates|date=September 2018}}<br />
{{Use Indian English|date=September 2018}}<br />
{{Infobox person<br />
| name = Kabir Mulchandani<br />
| image =<br />
| birth_date = {{Birth date and age|1972|10|06|df=yes}}<br />
| birth_place = [[Mumbai]], India<br />
| death_date =<br />
| death_place =<br />
| education = [[Stanford University]], [[Phillips Exeter Academy]]<br />
| occupation = [[Real estate]] and hospitality businessman, philanthropist<br />
| spouse = Nadia Zaal<br />
| website = {{URL|kabirmulchandani.com}}<br />
}}<br />
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'''Kabir Mulchandani''' is an Indian-born real estate and hospitality businessman and philanthropist. He is the Chairman and Chief Executive of FIVE Holdings, which includes FIVE Hotels and Resorts; FIVE Palm Jumeirah, FIVE Jumeirah Village, FIVE Zurich, FIVE LUXE, and FIVE Music along with [[The Pacha Group]].<br />
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He is ranked number 1626 in the Forbes list of the World’s Billionaires List: The Richest in 2025 with an estimated net worth of $2.2 billion and ranked in this list in 2024.<ref name=":14">{{Cite web|title=Kabir Mulchandani |url=https://www.forbes.com/profile/kabir-mulchandani/ |access-date=2024-05-08 |website=Forbes|language=en}}</ref><br />
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==Career==<br />
Mulchandani served at Baron International and Baron Electronics, two Mumbai-based, family-owned firms that specialised in the distribution and sale of [[consumer electronics]].<ref>{{Cite web |url=http://articles.economictimes.indiatimes.com/2002-06-20/news/27360855_1_kabir-mulchandani-aiwa-baron-international |title=The rise and fall of 'Baron' Mulchandani - Economic Times |access-date=16 June 2013 |archive-url=https://web.archive.org/web/20140811233518/http://articles.economictimes.indiatimes.com/2002-06-20/news/27360855_1_kabir-mulchandani-aiwa-baron-international |archive-date=11 August 2014 |url-status=dead |df=dmy-all }}</ref><br />
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In 2011, he founded SKAI Holdings, a Dubai-based [[Real estate investing|real estate investment]] firm.<br />
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In 2017, Mulchandani changed his company's name from SKAI to FIVE.<ref>{{Cite news |title=SKAI Holdings changes name to Five Holdings |url=https://www.constructionweekonline.com/business/article-44808-skai-holdings-changes-name-to-five-holdings}}</ref><br />
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In November 2021, Mulchandani and FIVE Holdings purchased the first ACJ TwoTwenty from Airbus and Comlux Group in Switzerland.<ref>{{Cite web |date=2023-02-10 |title=First ACJ TwoTwenty cabin to be unveiled by Comlux and Five |url=https://www.businessjetinteriorsinternational.com/news/airframes/first-acj-twotwenty-cabin-to-be-unveiled-by-comlux-and-five.html |access-date=2023-05-18 |website=Business Jet Interiors |language=en-GB}}</ref><ref>{{Cite news |title=FIVE Hotels' US$70m private jet is open for bookings |url=https://www.hoteliermiddleeast.com/business/five-hotels-us70m-private-jet-is-open-for-bookings}}</ref><ref name=":4"/> The 16-seat jet consists of a dining table for eight passengers, a master suite, and a kitchen, with a full crew on board.<ref name=":4">{{Cite news |title=FIVE purchases the first Airbus ACJ TwoTwenty from Comlux |url=https://www.arabianbusiness.com/abnews/five-purchases-the-first-airbus-acj-twotwenty-from-comlux|magazine=[[Arabian Business]]}}</ref> The aircraft registered 9H-FIVE, to be pronounced "Nine-Hotel-FIVE" entered the market in May 2023.<ref>{{Cite web |title=Dubai luxury hotel firm Five to take VIP A220 from Comlux |url=https://www.flightglobal.com/dubai-2021/dubai-luxury-hotel-firm-five-to-take-vip-a220-from-comlux/146464.article |access-date=2023-05-18 |website=Flight Global |language=en}}</ref> Combining a bizjet with FIVE hospitality and entertainment.<ref name=":4" /> In June 2023, [[The Guardian]] named the jet as a private "party jet".<ref>{{Cite news |last1=Neate |first1=Rupert|date=2023-06-10 |title=Disco then shower at 33,000ft: Dubai hotelier launches £10k-an-hour 'party jet' |language=en-GB |work=[[The Guardian]] |url=https://www.theguardian.com/news/2023/jun/10/dubai-hotelier-launches-10k-an-hour-party-jet-shower-disco |access-date=2023-07-17 |issn=0261-3077}}</ref><br />
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==Personal life==<br />
In 2012, he married his second wife Nadia Zaal, one of the most influential Emirati women in the [[Gulf Cooperation Council|GCC]], the couple have three sons and one daughter.<ref>{{Cite news |title=Nadia Zaal |url=http://www.arabianbusiness.com/30-under-30-151844.html?itemid=151862}}</ref><br />
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==Controversies==<br />
In 2009, Kabir was arrested in Dubai for a highly publicized<ref name=B>{{cite web|publisher=[[Business Wire]]|url=https://www.businesswire.com/news/home/20090615005432/en/Angry-International-Investors-Demand-Investigation-630-Million|date=2009|title=Angry Investors Demand Investigation}}</ref> case of real estate [[fraud]]. He was first let out on bail<ref name=W>{{cite web|work=[[The Wall Street Journal]]|url=https://www.wsj.com/articles/SB123292923298113933|title=Dubai Raises Bail in Fraud Case|first=Stefania|last=Bianchi|date=January 26, 2009}}</ref>] after 140 days, and later acquitted of all these charges in 2010.<ref name=":0">{{cite web|title=Indian tycoon cleared of fraud on why the worst is over for property |date=26 May 2011 |url=http://www.arabianbusiness.com/videos/indian-tycoon-cleared-of-fraud-on-why-worst-is-over-for-property-401752.html|access-date=2022-06-02}}</ref><br />
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It was found by the Supreme Court of Dubai, claimants accused him in order to avoid honoring their financial obligations. The main allegation was directly dismissed by the Public Prosecutor.<ref name=":1">{{Cite web |last=Hope |first=Bradley |date=2011-01-07 |title=Exonerated Indian property tycoon rallies back |url=https://www.thenationalnews.com/business/exonerated-indian-property-tycoon-rallies-back-1.406019 |access-date=2023-02-15 |website=The National |language=en}}</ref> The second allegation was heard in Dubai Court and judge concluded that the accused did not deceive the plaintiffs in the civil action and was not satisfied with their statements in this regard and finds no credibility in the statements as they are baseless and without evidence supporting them.<ref>{{Cite web |title=Kabir Mulchandani |url=https://www.arabianbusiness.com/lists/50-richest-indians-in-gcc-538809-htmlitemid538754 |access-date=2020-04-08 |website=arabianbusiness.com |language=en}}</ref> He was exonerated and was acquitted from all allegations.<ref name=":0" /><ref name=":1" /><br />
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His legal battle with Viceroy over operator rights of the Palm Jumeirah hotel was highly publicized. Viceroy's termination took place on the same day Viceroy's UAE shareholders announced their plans to wholly own the company.<ref>{{cite web|url=https://www.thenationalnews.com/business/travel-and-tourism/mubadala-investment-company-ready-to-buy-remaining-50-in-viceroy-hotel-group-1.53326|date=June 18, 2017|title=Mubadala Investment Company ready to buy remaining 50% in Viceroy Hotel Group|newspaper=[[The National (Abu Dhabi)|The National]]|author=McAuley, Anthony}}</ref><br />
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==References==<br />
{{reflist}}<br />
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== External links ==<br />
* [https://kabirmulchandani.com/ Official website]<br />
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{{DEFAULTSORT:Mulchandani, Kabir}}<br />
[[Category:Businesspeople from Mumbai]]<br />
[[Category:Living people]]<br />
[[Category:1972 births]]</div>YvetteSawtell2