Business is one of the pre-prophetic vocations. The Holy Prophet (The peace and blessings of God be upon him and his family) was doing business alongside his uncle when he was young, and much later with a lady who would eventually become his first wife –Khadijah.
Some of the Prophets closest associates and family members were also involved in business activities. From the great and first caliph Abu Bakr to Abdur Rahman Bin Awwaf, most of them earned their living through trade. So business is nothing alien to the narrative and ethos of Islam, in fact it has helped finance major events that shaped the very destiny of the faith and has served as a means for the spreading of the religion; for its well-known that many regions became Muslim because of merchants, most notable amongst them is West Africa through the Sahara trade routes.
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However, business continues to thrive ever on among Muslims and here is a list of 10 of the Wealthiest and Richest Muslim businessmen you should know about.
#1. Prince Al-Waleed Bin Talal – Net Worth $26.1 Billion
He is the founder and CEO of Kingdom Holding Company which has investments in hotels, banking, mass media and petroleum to name a few and also founded the Rotana media group. A member of the Saudi royal family as well, his net worth is $26.1 billion as of 2015.
#2. Aliko Dangote – Net Worth $18.3 Billion
A Nigerian businessman worth $18.3 Billion who owns the Dangote Group, which has interests in commodities. The company operates in Nigeria and other African countries, including Benin, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia.
#3. Azim Hashim Premji – Net Worth $17.5 Billion
He is the chairman of the Wipro Limited, which started out as a hydrogenated cooking fat company. Now it’s worth billions, with Mr. Premji worth a whopping $17.5 billion.
#4. Mohammed al-Amoudi – Net Worth $11 Billion
Worth $11 billion, the Arabian/Ethiopian businessman invested heavily in gold mines and oil refineries in Ethiopia and acquired 63% of the sole tire manufacturer of Ethiopia (Addis Tyre) and has invested substantially in cement production.
#5. Mohammad Bin Issa al-Jaber – Net Worth $8.7 Billion
Worth $8.7 billion, Mohammad Bin Issa al-Jaber is the chairman and CEO of MBI International and Partners. This group comprises of JW Hotels and Resorts around the world.
#6. Shahid Khan – Net Worth $4.5 Billion
A Pakistani-American billionaire businessman who is worth $4.5 billion. He is the owner of the Jacksonville Jaguars of the National Football League (NFL), the English Football League Championship team Fulham F.C., and automobile parts manufacturer Flex-N-Gate in Urbana, Illinois.
#7. Iskander Mukhmodov – Net Worth $3.3 Billion
An Uzbek-born businessman worth $3.3 billion. He is one of the main owners of the fourth largest non-ferrous metallurgical company in Russia and the second largest copper producer in terms of output.
#8. Najib Mikati – Net Worth $3.2 Billion
Najib Mikati, worth $3.2 billion, acquired a major portion of his wealth from a telecoms company Investment. He is considered the richest man in Lebanon. Mikati was also a one time Prime Minister of Lebanon but resigned after 3 years due to tensions with Syria. He sold his stake which he acquired through a holding company he ran with his brother to MTN for cash and stock before entering into politics.
#9. Sulaiman Kerimov – Net Worth $3 Billion
Worth $3 billion, this Russian businessman acquired most of his wealth through investments in airlines and the banking industry. He is also a politician and has represented his native Dagestan in the Federation Council of Dagestan since 2008. He made his money by becoming a creditor to utility companies which rebounded well when the Russian economy picked up in the 90s.
#10. Syed Mukhtar al-Bukhari – Net Worth $2.1 Billion
Worth $2.1 billion, Syed Mukhtar al-Bukhari has investments in a variety of businesses which includes power generation, transportation and logistics, property development. Born into humble beginnings he never attended university and made his way up in the business world by taking over his father’s meat packing business that was failing at the time due to the impact of foot and mouth disease. He is the 8th richest Malaysian as well.
We hope we were able to add to your knowledge of Muslim businessmen and inspired you to follow some of the leading men listed here. If you have any suggestions or questions, please feel free to comment below and let us know.