How Did Mohammed Al Amoudi Get Rich? The Rise Of A Saudi Billionaire

Mohammed Hussein Ali Al Amoudi, born in 1946 in Ethiopia, became a Saudi citizen and amassed a fortune estimated at $10.9 billion in 2016. He’s known for his successful ventures in construction, real estate, and the oil industry. But how did he achieve this incredible success?

Al Amoudi’s journey to wealth began in Ethiopia. He started with modest beginnings, working as a mechanic and then a truck driver. But he possessed a strong work ethic and a keen eye for opportunity. He saw a chance to capitalize on the growing construction industry in Saudi Arabia, so he moved there, eventually becoming a successful contractor.

His big break came when he recognized the potential of Saudi Arabia’s oil industry. He secured lucrative contracts to build oil refineries and pipelines. This move catapulted him into the upper echelon of Saudi business. He also diversified his portfolio, investing in gold mines, real estate, and various other sectors. These strategic moves, combined with his shrewd business acumen, helped him build a vast empire. Al Amoudi’s success demonstrates that hard work, calculated risk-taking, and a willingness to adapt to changing markets can lead to extraordinary wealth.