Albert Ueltschi’s profile picture

Albert Ueltschi

Albert Ueltschi’s profile picture
Net worth 2018: $2.1 Billion
Industry: Service
Country: United States
Children: 4
Education: Drop Out, University of Kentucky

Albert Ueltschi was born in United States. Albert Ueltschi developed a passion for flight after hearing a radio broadcast of Charles Lindbergh's 1927 transatlantic flight. He subsequently opened a hamburger stand named "Little Hawk" to raise money for flying lessons. At age 16 he was making solo flights. He later dropped out of the University of Kentucky to give flying lessons and barnstorm around the country before eventually becoming a pilot for Pan Am. In 1951, Ueltschi founded the aviation training company FlightSafety International. He took the company public in 1968 and sold it to fellow billionaire Warren Buffett's Berkshire Hathaway for $1.5 billion in stock in 1996. He still maintains his holding in the firm, honoring his pledge to Buffett that he would do so indefinitely. Ueltschi is also the Chairman Emeritus of Orbis International, one of the largest blindness charities in the world. Along with his son, James, Ueltschi co-founded HelpMeSee, an organization with two missions: to directly fund surgeons who perform low-cost lens replacement surgery for blind individuals in developing countries and to train 30,000 cataract specialists in Manual Small Incision Cataract Surgery.


$1.85 Billion


$1.7 Billion


$2.1 Billion


$2.1 Billion


In 2013, Flying magazine ranked Ueltschi number 13 on its list of the "51 Heroes of Aviation"


On September 18, 2012, Ueltschi signed The Giving Pledge, noting his commitment to cataract relief


In 2010, Ueltschi cofounded HelpMeSee with his son Jim, to address cataract blindness in the developing world by training thousands of cataract specialists using techniques developed by Ueltschi himself


Ueltschi stepped down as President of FlightSafety in 2003, yet remained Chairman


On July 21, 2001, he was enshrined at Dayton, Ohio, in the National Aviation Hall of Fame class of 2001, along with test pilot Joe Engle, United States Air Force flying ace Marion Carl, and USAF ace Robin Olds


" Berkshire Hathaway acquired FlightSafety in late 1996


He founded FlightSafety International in 1951, the world's foremost aviation training organization, after noticing that corporate pilots did not receive the same rigorous training as airline pilots had


While employed with Pan Am, Ueltschi married his wife Eileen in June 1944


He began his career with Pan Am in 1941 as Juan Trippe's private pilot, retiring in 1968 at the age of 50


Albert Lee "Al" Ueltschi (May 15, 1917 – October 18, 2012) is considered the father of modern flight training and was the founder of FlightSafety International

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