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  3. July
  4. 27
  5. Isaac Saba Raffoul

Deaths on July 27

2008Jul, 27

Isaac Saba Raffoul

Isaac Saba Raffoul, Mexican businessman (b. 1923)
Isaac Saba Raffoul (October 17, 1923 – July 27, 2008) was a Mexican businessman of Syrian Jewish descent; his father emigrated from Aleppo, Syria to Veracruz, Mexico where he started a rag business which the family built on. Isaac Saba Raffoul was one of the wealthiest persons in the world according to Forbes magazine. He had been married with wife Rebecca for over 40 years and had three sons: Moises, Manuel and Alberto.

He was the president of Grupo Xtra and chairman of Casa Saba. There has been a controversy surrounding him since he teamed up with General Electric Mexico to open up a new nationwide television channel. TV Azteca and Televisa, upon hearing this, accused him of monopolizing medicine prices in an attempt to discredit him. According to El Financiero, there is no such monopoly. After his death in 2008, his two youngest sons Alberto and Manuel inherited the ownership of the company.

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Events on 2008

  • 11Jun

    Canadian Indian residential school system

    Canadian Prime Minister Stephen Harper makes a historic official apology to Canada's First Nations in regard to abuses at a Canadian Indian residential school.
  • 7Aug

    South Ossetia

    The start of the Russo-Georgian War over the territory of South Ossetia.
  • 29Sep

    Dow Jones Industrial Average

    Following the bankruptcies of Lehman Brothers and Washington Mutual, The Dow Jones Industrial Average falls 777.68 points, the largest single-day point loss in its history.
  • 29Oct

    Northwest Airlines

    Delta Air Lines merges with Northwest Airlines, creating the world's largest airline and reducing the number of US legacy carriers to five.
  • 10Nov

    Phoenix (spacecraft)

    Over five months after landing on Mars, NASA declares the Phoenix mission concluded after communications with the lander were lost.

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