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2020-03-18

Reacting To The Coronavirus Pandemic

Amid the growing spread of the novel coronavirusForbes has been monitoring billionaire reactions to the pandemic. We highlight some of the biggest news - and checked in with some billionaires directly to see what it means for their businesses, their employees and their expectations.

Some of the world’s richest  are donating to help countries hardest hit by the disease. Bill Gates, the world’s second-richest person, announced that the Bill and Melinda Gates Foundation would commit $100 million to aid global detection, isolation and treatment of the virus. Alibaba founder Jack Ma, the second-richest person in China, pledged $14 million from his foundation to help develop a coronavirus vaccine and said on Friday he would donate 500,000 testing kits and one million face masks to the U.S. 

On Saturday, Airbnb CEO Brian Chesky announced on Twitter that the company will allow guests around the world to cancel and get their money refunded. 

Hedge fund billionaire Ken Griffin’s firm Citadel announced it will donate $7.5 million to one of China’s hardest-hit provinces. Ted Leonsis, the owner of the NBA's Wizards, the NHL's Capitals, the WNBA's Washington Mystics, two Arena Football teams and the Capital One Arena in Washington, D.C., announced that he would pay all 500 ushers, ticket takers, operations folks and other part-time employees who were scheduled to work through the end of March despite the venue being closed.

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WE ARE HERE TO INVEST IN BUSINESSES

Fakher Holding has been established with the aim of creating a business ecosystem in the specialized fields of post, logistics, e-commerce, manufacturing and trades. Our main goal is creation of new businesses in aforementioned fields and provide products and services in the context of those businesses. Beside creation of new job opportunities, Fakher holding task is creation of appropriate infrastructure, based on information Technology which will result to life welfare level upgrade. Our main strategy is to attract creative ideas, investors, advisers and experts. We endeavor to take solid step towards our mission to upgrade Iran’s economy and welfare.

ABOUT FAKHER
WE ARE A HOLDING AND INVESTMENT COMPANY

Fakher Holding has been established with the mission of formation and management of Fakher ecosystem and strategic management of her subsidiaries and affiliates. Fakher holding is determined to create new businesses and develop appropriate infrastructure, to form a comprehensive exchange of values among people, government and suppliers of goods and services.

HOLDING
INVESTMENT
Fakher Holding has been established with the mission of formation and management of Fakher ecosystem
We embrace new thoughts, concepts and ideas. Our value is to thrive, nourish and shape quality businesses and empower Fakher ecosystem.
WHO WE ARE

Fakher holding considers the organizational culture, as a sharable and transferable pattern. Special architecture of human resources, tailored to the goals of the Holding, directs realization of the new organizational concepts.

HR STRATEGY
• Attracting professional human resources
• Engagement
• Continuous staff training and development
• Knowledge management
• Focus on employee wellbeing
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• Employee relations
OUR CULTURE
Fakher Holding’s organizational culture is based on shared values such as creativity, entrepreneurship, coaching and social responsibility which influences the organization’s members’ manner and mindset.
+ 1
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Number of attained businesses
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1
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11% Trades and Manufacturing 36% E-Commerce 53% Logistic
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