Who is Ahmed Zaki Yamani?
Ahmed Zaki Yamani was a Saudi Arabian politician who was Minister of Oil (Petroleum) and Mineral Resources from 1962 until 1986 in his country. He was a minister in OPEC for 25 years. He was born in 1930 and died in 2021 aged 91. He was married to Tammam. He had 8 children. He resided in Switzerland.
In July 1982 Yamani founded Investcorp, a private equity firm, with several other oil ministers and well-known financiers.
The firm’s initial investments included Tiffany & Co., Breguet, a Swiss watchmaker, and Chaumet, French jewelers. Yamani, himself is known to be a watch lover, also became the majority shareholder of Vacheron Constantin in 1987.
In 1996 Yamani’s shares were sold to Vendôme Luxury Group, owned by Richemond.
Zaki Yamani Net Worth
The net worth of Sheikh Yamani was estimated at $500 million.
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