Education
As a child he was taught in a mosque.
As a child he was taught in a mosque.
Miloud Chaabi got his start in 1948 developing housing, then expanded through his privately owned Ynna Holding into hotels, supermarkets and renewable energy. Billionaire Anas Sefrioui's Groupe Addoha is a competitor. Chaabi's net worth is down $1 billion from a year ago as market values dropped for publicly traded competitors, which Forbes uses as a proxy to value Ynna Holdings. Chaabi was dubbed the "red capitalist" in the past when he allied himself with the socialist party. But in November 2011, he ran for parliament as a member of Morocco's environmentalist party from his hometown of Kenitra, and won. Chaabi has committed to building a university in Casablanca in partnership with Indiana State University.
He was affiliated with the Party of Progress and Socialism under which he was elected MP for the city of Essaouira in the parliamentary elections in 2007 in Morocco.