Net Worth: $2 Billion
- Source of Wealth Banking and Insurance
- Birth Place Fes, Morocco
- Marital Status Married
- Full Name Othman Benjelloun
- Nationality Morocco
- Date of Birth 1931
- Ethnicity Moroccan
- Occupation President and CEO of BMCE
- Education École Polytechnique Fédérale de Lausanne
- Children Kamal Benjelloun, Dounia Benjelloun
About Othman Benjelloun
Moroccan businessman Othman Benjelloun has an estimated net worth of $2 billion as of April 2016, according to Forbes. He is the richest person in Morocco, the seventh person in the Africa’s 40 Richest list, and 437th in the list of World Billionaires.
Mr. Benjelloun’s estimated net worth of $2 billion came from his banking enterprise, the BMCE Bank or Banque Marocaine du Commerce Extérieur. The commercial bank started as an insurance company in Morocco. He took over the firm in 1988 and has turned it into a leading insurer RMA Watanya. He then expanded the company into the banking industry which became a publicly-traded BMCE Bank with presence in at least 12 countries in Africa.
In 2010, the bank bought the Mali-based Bank of Africa. Othman’s business career in banking is worth $4 billion which is only based on its market capitalization profits. Currently, he serves as the President and CEO of the bank after it was privatized in June 1995.
Othman Benjelloun is also the President of FINANCE.COM Holding, a company with business interests in telecommunications, airlines, and information technology. It oversees four firms – the Banking and Related-Professions Division, of which BMCE is under it; RMA, Al Wataniya, the leading insurance company in Morocco; the Industrial Division; and the Telecommunications, Media and IT Division.