Simon Halabi Net Worth - Pulptastic
Simon Halabi Net Worth: From Billionaire to Bankruptcy
Simon Halabi, a Syrian British businessman and property developer, had a peak net worth of $4.4 billion. However, after the 2008 financial crisis, his portfolio crashed in value and his group of property companies defaulted on $1.9 billion worth of bonds in 2009, leading to the liquidation of many of his assets.
Halabi was born in Syria in August 1958 and his father was a successful businessman who helped him with his early ventures. He had a large collection of luxury cars and a 130-foot yacht, but was forced to sell or give up many of his ventures.
In 2010, Halabi declared bankruptcy in the High Court in London. He had also been convicted of violent rape in 1998 under another name and was put onto the French sex offender list. Despite this, he was able to travel the world using his British passport under the name Simon.
In January 2016, Halabi’s ex-wife launched a legal battle over his remaining assets.
