Mohammed Al Amoudi

In an effort to unlock value from his early investments, Al-Amoudi is presently exploring the sale of his interest in Preem.

Preem, which Al-Amoudi controls, has more than 550 petrol stations and two refineries in Gothenburg and Lysekil,

As one of the largest investors in Sweden, Al-Amoudi owns Preem, Svenska Petroleum Exploration, and Midroc Europe.

Al-Amoudi holds the 500th spot on the Bloomberg Billionaires Index, with a net worth of $5.05 billion.

Al-Amoudi’s net worth has risen by $160 million from $5.16 billion on March 16 to $5.32 billion on May 3.

Al Amoudi’s stake in Preem has lost almost $700 million this year.

Al-Amoudi is worth $5.62 billion at the time of writing.

The total number of African billionaires stands at 26.

Al-Amoudi remains one of the wealthiest individuals in Africa.

Al-Amoudi is now ranked 443rd on the Bloomberg Billionaires Index.