Mohammed Al Amoudi’s profile picture

Mohammed Al Amoudi

Mohammed Al Amoudi’s profile picture
Net worth 2018: $10.58 Billion
Industry: Energy
Residence: Jeddah, Saudi Arabia
Country: Saudi Arabia
BirthDay: 1946
Children: 8
BIOGRAPHY

Mohammed Al Amoudi was bornon 1946 in Jeddah, Saudi Arabia, Saudi Arabia. Mohammed Al Amoudi is #150 in List Billionaires People In The World. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother, has accumulated a portfolio of construction, agriculture, and energy companies across Sweden, Saudi Arabia and Ethiopia. He made his initial fortune in construction in Saudi Arabia. One of his most valuable assets is oil refiner Preem, which bills itself as the largest fuel company in Sweden. In Ethiopia he has invested in agriculture, cement production and gold mining. His firm Saudi Star Agricultural Development has cultivated thousands of acres of land for fruits, vegetables, cereals, coffee, tea, flowers and rice fields for customers in Ethiopia and abroad.

NET WORTH STATISTIC
2009

$9 Billion

2010

$10 Billion

2011

$12.3 Billion

2012

$12.5 Billion

2013

$13.5 Billion

2014

$15.3 Billion

2015

$10.8 Billion

2016

$8.3 Billion

2017

$8.1 Billion

2018

$10.58 Billion

TIMELINE
2017

In January 2017, The Sheikh Mohammed Hussein Ali Al-Amoudi Stadium was opened

2016

In 2016, his net worth was estimated by Forbes at approximately $10

2011

Al Amoudi was honoured for his achievements in economics and philanthropy at the 19th Arab Economic Forum Summit in 2011, with special reference to his commitment to sustainable development

2010

In December 2010 Al Amoudi initiated a claim in the English High Court against Elias Kifle of the Washington, D

2008

In 2008, Al Amoudi funded King Saud University’s an enhanced oil recovery research chair

2006

Al Amoudi has been ranked among the 100 richest people by Forbes since 2006, being ranking 82nd on the list in 2015

2000

MIDROC acquired Yanbu Steel in Saudi Arabia in 2000

1994

He now has business interests there, largely operated through MIDROC Ethiopia which was created in 1994

1988

Al Amoudi's construction company consortium, Mohammed International Development Research and Organization Companies, also known as MIDROC, won a contract to build Saudi Arabia's estimated $30 billion nationwide underground oil storage complex in 1988

1980

Al Amoudi has invested in Ethiopia since the mid-1980s

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