MOHAMMED ABDUL LATIF JAMEEL • Net Worth $5 Billion • House • Yacht • Private Jet • Saudi Arabia

Name:Mohammed Abdul Latif Jameel
Net Worth:US$ 5 billion
Source of Wealth:Abdul Latif Jameel Co Ltd
Country:Saudi Arabia
Residence:Jeddah, Saudi Arabia
Private Jet:N737ER – Boeing 737 BBJ

Who is Mohammed Abdul Latif Jameel?

From automobiles to air conditioners, the business repertoire of Mohammed Abdul Latif Jameel speaks volumes about his acumen, vision, and dominance in various sectors. As the owner of Abdul Latif Jameel Co Ltd (ALJ), he has steered the company into becoming an international name synonymous with excellence and innovation.

Key Takeaways:

  • Mohammed Abdul Latif Jameel is the stalwart behind Abdul Latif Jameel Co Ltd, the globe’s foremost Toyota dealership.
  • Successfully expanded the automotive empire to regions like the UK, Central Asia, and China.
  • Diversified business interests include real estate, finance, software, advertising, and electronics.
  • Commands a significant presence in the outdoor advertising realm with 400 billboards across Saudi Arabia.
  • Exclusive distributor for brands like Toshiba and Sharp in Saudi Arabia.
  • Commanding a net worth of over $5 billion, Jameel ranks among the richest in the Arab world.
  • He is the owner of the NAFISA Yacht.

A Giant in the Automotive Realm

Mohammed Abdul Latif Jameel made a significant mark in the automobile industry. ALJ, under his leadership, evolved to become the world’s paramount Toyota dealership, stretching its operations from the Middle East to the UK, Central Asia, and the heart of China. Demonstrating a keen business strategy, in 2011, ALJ astutely acquired a commanding 65 percent stake in the Turkish Toyota importer. Saudi Arabia’s elite also recognize ALJ as the sole exclusive importer for luxury car brands such as Lexus and Daihatsu.

Diversification into Real Estate and Finance

But Jameel’s ventures aren’t confined to just the automotive sector. Abdul Latif Jameel Co Ltd has diversified its portfolio to establish a significant presence in real estate development, a range of financing solutions, as well as in domains such as software, media, and sales and distribution of electronics. The business magnate stands as the pillar behind Saudi Arabia’s premier consumer finance establishment.

Commanding Presence in Outdoor Advertising

With a vision to dominate the advertising sector, Abdul Latif Jameel Outdoor Advertising, a subsidiary of the ALJ group, emerged as a formidable player in outdoor media. Boasting ownership of over 400 billboards across Saudi Arabia, the group’s presence is unmistakable on the country’s roads.

Electronics and Air-conditioning Maestro

The Abdul Latif Jameel Electronics and Air-conditioning Co., Ltd. further cements Jameel’s position in the electronics sector. As the exclusive distributor for eminent brands such as Toshiba, Sharp, Dora, and White Westinghouse in Saudi Arabia, the company stands as a testament to Jameel’s vision. Employing more than 10,000 dedicated individuals, ALJ is an employer of choice in the region.

Calculating the Empire’s Worth

To quantify Jameel’s achievements is a herculean task. However, the financial evaluation by positions his net worth at an astounding figure surpassing $5 billion. This formidable valuation propels him to the ranks of the Arab world’s most affluent personalities.

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Yacht Nafisa Owner

Mohammed Abdul Latif Jameel

Watch this video!

Mohammed Abdul Latif Jameel Yacht

He is the owner of the yacht Nafisa.

The NAFISA yacht was masterfully crafted by Schweers in 1986 and underwent a significant refit in 1997.

Brilliantly designed by Diana Yacht Design.

Runs on powerful Deutz engines, cruising comfortably at 12 knots and boasting a range exceeding 3000 nm.

Luxurious quarters for 10 guests and a dedicated crew of 12.

Yacht Hadia

His brother Hadia Abdul Lateef Jameel is owner of the Hakvoort Yacht Hadia (built as JEMASA)