Othman Benjelloun Net Worth $3.1 Billion
Moroccan businessman Othman Benjelloun has an estimated net worth of $3.1 billion as of March 2013 according to Forbes. He is the richest man in Morocco, the seventh man in the Africa’s 40 Richest list, and 437th in the record of World Billionaires. The commercial bank began as an insurance carrier in Morocco. He took on the business in 1988 and has turned it into a leading insurance company RMA Watanya. He then expanded the business into the banking industry which became a freely-traded BMCE Bank with existence in at least 12 states in Africa. In 2010, the bank bought the Mali-based Bank of Africa. Othman’s company livelihood in banking is worth $4 billion which is simply based on its market capitalization gains. Now, he serves as the President and CEO of the bank after it was privatized in June 1995. Othman Benjelloun can also be the President of FINANCE.COM Holding, a company with business interests in telecommunications, airlines, and information technology.