In the”Forbes 400″ list, he’s ranked 229th. Forbes 400 ” was ranked 683rd in the listing of World Billionaires. Born Albert Lee Ueltschi on May 15, 1917 in Frankfort, Kentucky, he’s acquired a passion for flight after he heard a radio broadcast of the 1927 transatlantic flight of Charles Lindbergh. In order to boost cash and support his flying lessons, he started a hamburger stand named “Little Hawk.” At 16, Ueltschi was already making solo flights.
Albert Ueltschi Net Worth $2.1 Billion
He was a drop out of the University of Kentucky after he chose to give flying lessons and barnstorm round the nation. Ueltschi then became a pilot for Pan America. In 1951, he founded Flight Safety International, an aviation training business. He took the company public in 1968. Ueltschi then sold the business in 1996 for $1.5 billion in stock to Warren Buffet of Berkshire Hathaway. He nevertheless maintains his holdings in the business while honoring his assurance to Buffet that he would achieve this. Albert Ueltschi is also the Chairman Emeritus of among the biggest blindness charities on the planet, Orbis International. He co-founded “Help Me See” along along with his son, James. It is an organization which plans to directly fund surgeons who perform low-cost lens replacement surgery for blind individuals in developing countries and to train 30,000 cataract practitioners in Manual Small Incision Cataract Surgery.