Mansour Ojjeh: The Man Behind TAG Group and Luxury Innovations
ਮਨਸੂਰ ਓਜੇਹ, a trailblazing entrepreneur born in Saudi Arabia in 1952, led an impactful life marked by significant contributions to the worlds of luxury, sports, and technology. Ojjeh, who sadly passed away on June 6, 2021, was a key player in several prestigious organizations and brands throughout his lifetime, leaving behind a rich legacy that continues to inspire.
ਮੁੱਖ ਉਪਾਅ:
- Mansour Ojjeh, a French-Saudi entrepreneur, was the owner and CEO of TAG Group until his death in 2021.
- TAG Group S.A, renowned for the TAG Heuer brand, was a private holding company based in Luxembourg with a 21% stake in the McLaren Technology Group.
- The McLaren Formula One team is one of the most recognized assets of TAG Group.
- TAG Heuer, under TAG Group’s guidance, expanded its product line and increased global sales, contributing to its purchase by LVMH in 1999 for USD 740 million.
- TAG Group also owns TAG Aviation, a private and business jet charter company, and TAG Aeronautics, the distributor of Bombardier business jets in the Middle East and Turkey.
- At the time of his death, Mansour Ojjeh had a net worth of around US$ 2 billion.
A Family Man: Mansour’s Personal Life
Ojjeh was a dedicated family man, married to Katy Ojjeh and father to their daughter, Sara Ojjeh. Despite his vast business commitments, Mansour Ojjeh always prioritized his family, demonstrating a balance between his personal life and professional endeavors.
Mansour Ojjeh and TAG Group: Pioneering Luxury
TAG Group S.A, a private holding company based in Luxembourg, was Ojjeh’s brainchild. Founded initially by his father, Akram Ojjeh, in 1997, the company is renowned for the TAG Heuer brand and their 21% ownership stake in the McLaren Technology Group. Ojjeh was at the helm of TAG Group until his death, leading the company’s diverse ventures from luxury timepieces to cutting-edge technology.
Revving up the McLaren F1
One of TAG Group’s most famous assets is the McLaren Formula One team. Ojjeh was instrumental in expanding TAG’s influence into the world of motorsport. The partnership saw TAG Heuer watches become a synonym for precision and luxury amongst the elite.
The TAG Heuer Legacy
In 1999, luxury conglomerate LVMH purchased TAG Heuer for an astounding USD 740 million. Under the guidance of TAG Group, the Swiss watchmaker TAG Heuer expanded its product line and significantly increased its worldwide sales. This strategic evolution, influenced heavily by Mansour Ojjeh, elevated TAG Heuer to new heights of recognition and reputation.
Soaring with TAG Aviation
Further diversifying TAG Group’s portfolio was the addition of TAG ਹਵਾਬਾਜ਼ੀ, a private and business jet charter company, and TAG Aeronautics, the distributor of Bombardier business jets in the Middle East and Turkey. The group also owns Aviator, a hotel that reflects the luxe and sophistication associated with the TAG brand.
Understanding Mansour Ojjeh’s Net Worth
At the time of his death, Mansour Ojjeh had amassed a substantial ਕੁਲ ਕ਼ੀਮਤ of around US$ 2 billion, a testament to his success as an entrepreneur and business leader.
Mansour Ojjeh’s Passing and His Legacy
Mansour Ojjeh passed away at the age of 68 on June 6, 2021. Though his cause of death was not publicly announced, it was known that he had battled lung issues, leading to a double lung transplant in 2013. His legacy lives on through his son, Akram Ojjeh Junior, ਏ social media influencer. You can follow his journey on his Instagram ਖਾਤਾ.
ਸਰੋਤ
wikipedia.org/MansourOjjeh
wikipedia.org/Techniques_dAvant_Garde
www.tagaviation.com
wikipedia.org/TAG_Heuer
virtualglobetrotting.com/mansourojjehs-ਘਰ/
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