Friday, December 10, 2010

#64 Mohammed Al Amoudi

Hans Berggren
Net Worth:$10.0 bil
Fortune:Self Made
Source:oil
Age:65
Country Of Citizenship:Saudi Arabia
Residence:Jeddah
Education:NA
Marital Status:Married, 8 children
Born in Ethiopia to Saudi father and Ethiopian mother, Al-Amoudi claims to be investing more than $3 billion into Ethiopian agriculture and industry with the aim of modernizing farming and eventually exporting much of the output to Saudi Arabia. Also owns mine in Ethiopia that puts out 5 tons of gold a year. Started investing in Sweden in 1974; stakes there now comprise half his fortune: Preem operates two refineries; Svenska Petroleum produces crude oil in the North Sea and west Africa. Construction company Midroc operates in Europe, Africa and Middle East. In recent years completed estimated $30 billion contract with Saudi Arabia to build vast underground oil storage caverns.

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