Businesspersons
Mohammed Al Amoudi Net Worth
Mohammed Hussein Ali Al-'Amoudi 's Net Worth as of 2024
$9.1 billion
Mohammed Hussein Ali Al-‘Amoudi was born on 21 July 1946, in Dessie, Ethiopia, to Weyzero Rakiya Mohammed Yassin of Ethiopian descent, and Haji Hussein Al Amoudi, a local businessman of Hadhrami Yemeni descent. He is a billionaire businessman who operates several construction, agriculture, real estate, healthcare, manufacturing, mining and energy companies, so is known for being one of the richest people in the world.
So just how wealthy is Mohammed Amoudias of mid-2017? According to sources, Amoudi’s net worth reaches $9.1 billion, so he is considered the richest black person in the world, the richest person in Ethiopia, as well as the second richest Saudi Arabian citizen. He owns assets around the world, including a castle at Hackholmssund in Sweden. His wealth has been established through his involvement in the businesses and industries.
Mohammed Al Amoudi Net Worth $9.1 billion
Amoudi grew up in Weldiya , Ethiopia, along with his seven siblings. There he attended the Addis Ababa University; his degree is uncertain, but he was eventually granted an honorary doctorate in Philosophy.
In the mid-’60s he emigrated to Saudi Arabia with one of his brothers, receiving Saudi citizenship shortly after. Within a decade, he had become involved in the country’s construction industry and went on to found Mohammed International Development Research and Organization Companies (MIDROC) in 1994, a company operating various businesses such as oil, other fuels and energy, venture capital, and mining, which won a contract to build Saudi Arabia’s underground oil storage complex worth $30 billion, which made Amoudi a billionaire.
Today the company operates in the Middle East, Europe and Africa, and has over 50,000 employees, producing a $25 billion turnover, and greatly contributing to Amoudi’s net worth. It eventually evolved into Ethiopia’s sole gold exporter, and through MIDROC, Amoudi has invested in several other sectors of the Ethiopian economy, from hotels to a variety of construction projects; he is the owner of the luxurious Sheraton Hotel in Addis Ababa. Then, he owns 70% of National Oil Ethiopia, one of the major petrol companies, and has a 69% share in Addis Tyre, Ethiopia’s sole manufacturer of tyres. He has established Tossa, the country’s first industrial steel production plant. and owns a small cement factory in Ethiopia and the Saudi Star Agricultural Development company, which has cultivated large areas of land for fruits, vegetables, coffee, tea and rice fields for customers worldwide. Overall, Amoudi has invested over $2 billion in this country, illuminating his devotion to the country of his birth, but of course all add to his wealth.
Aside from Ethiopia, Amoudi has also made large investments in Sweden. He is the owner of the country’s largest integrated fuel company, OK Petroleum, which he bought in the mid-’90s for $750 million, renaming it to Preem Petroleum, bringing Amoudi billions in revenue annually, and significantly increasing his net worth. He also founded the investment company called Corral, which eventually became the country’s most successful in the energy sector. His enormous empire in Sweden employs over 40,000 of its citizens.
Through Corral, Amoudi bought a controlling interest in two Moroccan oil refining companies, Samir and SCP, which has been another source of his wealth. He also owns oil fields off the coast of West Africa.
When speaking about his private life, Amoudi is married to Soniat Saleh Selassie Al Amoudi, with whom he has eight children. The successful businessman is also a devoted philanthropist, who has donated millions of dollars to charity causes related to religion, sports and education in Africa, Europe, USA and Saudi Arabia. His donations include a breast cancer research centre at King Abdulaziz University, King Abdulla Institute for Nanotechnology at King Saud University as well as William J. Clinton Foundation, to name a few.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Mikey Teutul Net Worth
Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.
So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.
Mikey Teutul Net Worth $3 Million
Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.
In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul Jr. was the former chief fabricator of OCC.
So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.
In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!
In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.
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