AYMAN ASFARI • Net Worth $1 Billion • House • Yacht • Private Jet • Petrofac

Name:Ayman Asfari
Net Worth:US$ 1 billion
Source of Wealth:Petrofac
Born:July 8, 1958
Wife:Sawsan Asfari
Children:Adeeb Asfari, Hani Asfari, Kareem Asfari, Rayan Asfari
Residence:London, UK
Private Jet:N445BH – Bombardier Challenger 605

Unraveling the Success Story of Ayman Asfari: The Driving Force of Petrofac

Ayman Asfari is a notable figure in the oil and gas industry. Born in July 1958, Asfari’s life trajectory has led him to establish himself as a reputed business magnate. He is best recognized as the founder and former CEO of the prominent oilfield services company, Petrofac.

Key Takeaways

  • Ayman Asfari, born in July 1958, is renowned as the founder and former CEO of Petrofac, a leading service provider in the oil and gas industry.
  • Asfari initiated his career in the field of civil construction before co-founding Petrofac International in 1991.
  • Petrofac, under Asfari’s leadership, grew into a global entity with 31 offices worldwide and 11,500 employees, generating considerable revenues and profits.
  • Asfari’s philanthropic endeavors are reflected in the establishment of The Asfari Foundation, a charity focused on education, civil society promotion, and humanitarian aid.
  • Asfari’s estimated net worth is around US$ 1 billion, underscoring his significant financial success.
  • He is the owner of the Lammouche Yacht.

Early Life and Career Beginnings

Asfari’s journey to prominence began in the realm of civil construction. With an academic background in engineering, he kick-started his career as an engineer, gradually elevating his role to become the managing director of a construction group based in Oman. Displaying remarkable tenacity and business acumen, Asfari took a monumental step in 1991 when he co-founded Petrofac International. What started as a modest engineering office eventually burgeoned into a major player in the oil and gas sector.

Petrofac: A Dominant Force in the Oil and Gas Industry

Under Asfari’s stewardship, Petrofac witnessed substantial growth. Presently, the company boasts a robust global presence with 31 offices worldwide and a dedicated workforce of 11,500 employees. In the financial year of 2019, Petrofac recorded an impressive revenue of USD 5.5 billion and a net profit of USD 270 million.

As the majority stakeholder, Asfari owns 18.2% of Petrofac. This significant ownership resulted in considerable financial gains for Asfari, with dividends amounting to over USD 40 million in 2014 alone. In the subsequent years, Asfari’s annual dividends averaged around $25 million.

Philanthropic Ventures: The Asfari Foundation

Recognizing the transformative power of education, Asfari founded the Asfari Foundation in 2006. This UK-registered charity is dedicated to providing educational opportunities to young individuals. Additionally, it funds initiatives aimed at bolstering civil society and offers much-needed humanitarian aid in times of crises.

Ayman Asfari’s Net Worth

Asfari’s successful ventures in the oil and gas industry, combined with his strategic investments, have contributed to a significant accumulation of wealth. As a testament to his financial success, Asfari’s estimated net worth stands at a remarkable US$ 1 billion.

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Ayman Asfari

Ayman Asfari

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Yacht Lammouche

He is the owner of the yacht Lammouche. She was built in 2010 at San Lorenzo.  For a while, he owned a larger, same-named boat.

Equipped with powerful Caterpillar engines, the Lammouche yacht achieves a maximum speed of 17 knots and a comfortable cruising speed of 12 knots. With an impressive range of over 3,000 nautical miles, this motor yacht promises an unforgettable journey.

Designed to offer ultimate comfort, the yacht Lammouche accommodates up to 12 guests and a dedicated crew of 13.