Al-Amoudi’s fortune has dwindled from $9.29 billion on Feb. 25 to $9.13 billion.
Preem
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In an effort to unlock value from his early investments, Al-Amoudi is presently exploring the sale of his interest in Preem.
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Preem, which Al-Amoudi controls, has more than 550 petrol stations and two refineries in Gothenburg and Lysekil,
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Al-Amoudi holds the 500th spot on the Bloomberg Billionaires Index, with a net worth of $5.05 billion.
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Al-Amoudi’s net worth has risen by $160 million from $5.16 billion on March 16 to $5.32 billion on May 3.
- Hot News
Ethiopian billionaire Mohammed Al-Amoudi suffers $460-million setback following weeks of wealth gains
Al Amoudi’s stake in Preem has lost almost $700 million this year.
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Al-Amoudi is worth $5.57 billion, making him the 470th richest man in the world.
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Al-Amoudi remains one of the wealthiest individuals in Africa.
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Al-Amoudi is now ranked 443rd on the Bloomberg Billionaires Index.
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Al-Amoudi derives the majority of his wealth from Preem, Sweden’s largest oil refiner, and Svenska.