Othman Benjelloun Net Worth

Othman Benjelloun's Net Worth and Business Ventures

Othman Benjelloun is a prominent Moroccan businessman with an impressive net worth of $1.4 billion. Born into a family that owned a substantial portion of a Moroccan insurance company, Benjelloun took over the firm in 1988. Under his leadership, it evolved into the leading insurer RMA Watanya. Not stopping there, he expanded his reach into the banking sector, making significant strides.

Expansion into Banking

Benjelloun's publicly-traded BMCE Bank has established a strong presence in at least 12 African countries. Notably, in 2010, the BMCE Bank acquired the Bank of Africa, which is based in Mali. The banking arm of his business, which is valued on its market capitalization profits, is worth $4 billion.

Diversified Holdings

Beyond banking and insurance, Benjelloun's holding company, FinanceCom, has diversified interests. These span various sectors, including telecommunications, airlines, and information technology, reinforcing his status as one of the richest people in Morocco.

Personal Life

Othman Benjelloun is married and has two children. His son Kamal, who is passionate about clean technology, is seen as the apparent heir to Benjelloun's business empire.