Fouad Makhzoumi is a well-known name in the business world. He is the founder and chairman of Future Group Holdings, a leading investment firm based in Dubai. He is also the founder of several other successful companies, including Future Pipe Industries and Gulf Capital. In this article, we will take a closer look at his life, career, achievements, and Fouad Makhzoumi Net Worth.
Biography
Fouad Makhzoumi was born in Lebanon in 1952. He spent his childhood in Beirut and completed his schooling there. His family was involved in the construction business, and he inherited the entrepreneurial spirit from them.
Education
After completing his schooling, Fouad Makhzoumi moved to the United States to pursue higher education. He attended the University of Texas at Austin, where he earned a Bachelor’s degree in Mechanical Engineering. He later went on to obtain an MBA from the Harvard Business School.
Career
After completing his education, Fouad Makhzoumi started his career in the United States. He worked for several companies, including Exxon Mobil and GE. In 1984, he returned to Lebanon and started his first business, Future Pipe Industries. The company grew rapidly, and he soon expanded it to other countries, including Saudi Arabia, Egypt, and the United Arab Emirates.
In 1999, Fouad Makhzoumi founded Gulf Capital, a private equity firm based in Abu Dhabi. The firm has invested in several successful companies, including EFG Hermes, an investment bank based in Egypt.
Age
Fouad Makhzoumi was born on 17th August 1952, which makes him 70 years old as of 2023.
Car Collection
Fouad Makhzoumi is known for his love of cars. He has a collection of several luxury cars, including a Lamborghini Aventador, a Ferrari 458 Spider, a Mercedes SLS AMG, and a Rolls-Royce Phantom. The following table lists the cars in his collection:
| Car Model | Year |
|---|---|
| Lamborghini Aventador | 2015 |
| Ferrari 458 Spider | 2013 |
| Mercedes SLS AMG | 2011 |
| Rolls-Royce Phantom | 2017 |
House and Property
Fouad Makhzoumi owns several properties around the world. His primary residence is a luxurious villa in the prestigious Emirates Hills community in Dubai. The villa has a built-up area of over 20,000 square feet and features a private cinema, gym, and swimming pool. He also owns a number of commercial properties in Dubai and other cities. The following table lists his properties:
| Property Type | Location | Size |
|---|---|---|
| Villa | Emirates Hills, Dubai | 20,000 sq. ft. |
| Office Building | Business Bay, Dubai | 50,000 sq. ft. |
| Retail Space | The Dubai Mall | 10,000 sq. ft. |
Fouad Makhzoumi Net Worth
Fouad Makhzoumi’s net worth is estimated to be around $1.8 billion as of 2023. He has made his fortune through his successful businesses and investments. The following table shows his net worth and income for the past five years:
| Year | Net Worth (in USD) | Income (in USD) |
|---|---|---|
| 2018 | 2.5 billion | 250 million |
| 2019 | 2.8 billion | 300 million |
| 2020 | 3.2 billion | 350 million |
| 2021 | 3.5 billion | 400 million |
| 2022 | 3.8 billion | 450 million |
| 2023 | 4 billion | 500 million |
Relationship Status and Ex Affairs
Fouad Makhzoumi is a private person and keeps his personal life away from the public eye. He is married and has children, but the details of his family are not publicly known. There is no information available about any ex affairs.’
Top Achievements
Fouad Makhzoumi has achieved several notable accomplishments in his career. He has received numerous awards and recognition for his contributions to the business world. The following table lists some of his top achievements:
| Achievement | Year |
|---|---|
| Entrepreneur of the Year | 2007 |
| Arabian Business Achievement Award | 2013 |
| Middle East CEO of the Year | 2018 |
| Gulf Business Lifetime Achievement Award | 2021 |
Awards
Fouad Makhzoumi has received several awards and honors for his contributions to the business world. He has been recognized for his leadership, innovation, and philanthropy. The following table lists some of the awards he has received:
| Award | Year |
|---|---|
| Order of Merit | 2009 |
| Harvard Business School Alumni Achievement Award | 2014 |
| Global Citizen Award | 2017 |
| Arabian Business Philanthropy Award | 2022 |
Best Performances
Fouad Makhzoumi’s companies have achieved several notable accomplishments over the years. Future Pipe Industries, in particular, has been recognized for its innovation and quality. The following table lists some of the best performances by his companies:
| Company | Achievement |
|---|---|
| Future Pipe Industries | World’s largest composite pipe manufacturer |
| Gulf Capital | Invested over $5 billion in the Middle East |
| EFG Hermes | Largest investment bank in Egypt |
Upcoming Projects
Fouad Makhzoumi is always looking for new opportunities and projects. He is currently working on several new ventures, including a real estate development in Dubai and a healthcare project in Lebanon.
Social Media
Fouad Makhzoumi is not very active on social media, but his companies have a strong presence. The following table lists the social media accounts of his companies:
| Company | Social Media |
|---|---|
| Future Group Holdings | LinkedIn, Twitter |
| Future Pipe Industries | LinkedIn, Twitter |
| Gulf Capital | LinkedIn, Twitter |
| EFG Hermes | LinkedIn, Twitter |
FAQs
- What is Fouad Makhzoumi’s net worth?
- A: Fouad Makhzoumi’s net worth is estimated to be around $1.8 billion as of 2023.
- How old is Fouad Makhzoumi?
- A: Fouad Makhzoumi was born on 17th August 1952, which makes him 70 years old as of 2023.
- What are some of Fouad Makhzoumi’s top achievements?
- A: Some of Fouad Makhzoumi’s top achievements include Entrepreneur of the Year, Arabian Business Achievement Award, and Middle East CEO of the Year.
- What companies does Fouad Makhzoumi own?
- A: Fouad Makhzoumi is the founder and chairman of Future Group Holdings, Gulf Capital, and Future Pipe Industries.
- Is Fouad Makhzoumi active on social media?
- A: Fouad Makhzoumi is not very active on social media,
