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Shahzada Dawood, a Pakistani businessman and philanthropist, was among those lost in the 2023 submersible accident exploring the wreck of the Titanic. Dawood’s entrepreneurial spirit and dedication to charitable causes left a lasting impact. Before this untimely event, he was known for his impressive business ventures. In this article, we explore his accomplishments and estimated net worth.
What was Shahzada Dawood net worth?
Estimates suggest Shahzada Dawood’s net worth at the time of his death was around USD 350 million. This figure, however, only comes from news reports and might not be based on a definitive financial statement, as the exact net worth of private individuals like Dawood can be difficult to determine. It’s worth noting that there are variations in Dawood’s reported net worth. Some sources (like Financial Express) estimate USD 136.73 million, while others claim a higher fortune of around USD 350 million.
What were Shahzada Dawood’s business ventures?
Shahzada Dawood was involved in several business ventures throughout his career. Here are some of them:
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Family Business: He held leadership positions within the Dawood Hercules Corporation, a family-owned conglomerate with a long history in Pakistan.
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Engro Corporation: Dawood served as the Vice-Chairman of Engro Corporation, a major Pakistani business group with interests in sectors like energy, telecommunications, and agriculture.
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Investments: News reports indicate he played a role in facilitating mergers, acquisitions, and divestitures across various industries, including textiles, fertilizers, consumer foods, and petrochemicals. This suggests involvement in investment firms or holding companies.
How much did Shahzada Dawood make from the investment and holding company Dawood Hercules Corporation in Karachi?
Unfortunately, there’s no publicly available information on exactly how much Shahzada Dawood made from Dawood Hercules Corporation. But as a Vice-Chairman or board member, Dawood likely received a salary and possibly performance-based bonuses.
Some companies offer stock options to executives, if Dawood Hercules Corporation had this option then this was likely another source of income for Dawood.
Also, if Dawood Hercules Corporation paid out dividends to shareholders, Dawood would have received a portion based on his ownership stake (if any).
How much did Shahzada Dawood make as the vice chairman of the Engro Corporation?
As is the case with Dawood Hercules Corporation, there isn’t publicly available information on Shahzada Dawood’s exact compensation as Vice Chairman of Engro Corporation. But as Vice Chairman, Dawood likely received a base salary and potentially performance-based bonuses. The specific amount would depend on factors like his experience, responsibilities, and the company’s performance.
Shahzada Dawood: Frequently asked questions about the life and career of the businessman from Pakistan
Q: Who are Shahzada Dawood’s parents?
A: Shahzada Dawood’s father was Hussain Dawood, who played a significant role in establishing the Dawood Group, a prominent Pakistani family-owned conglomerate with a long history in various industries. Information about Shahzada Dawood’s mother is not available publicly.
Q: Does Shahzada Dawood have siblings?
A: Shahazada Dawood had three siblings. His sisters were Azmeh Dawood and Sabrina Dawood, the latter known for her philanthropic endeavors. His brother was Abdul Samad Dawood.
Q: What is the Dawood Foundation?
A: The Dawood Foundation is a non-profit family foundation based in Karachi, Pakistan. It was established in 1960 by Shahzada Dawood’s father, Hussain Dawood. Since its inception, the Dawood Foundation has primarily focused on supporting and promoting educational initiatives in Pakistan.
Q: Who is Suleman Dawood?
A: Suleman Dawood was Shahzada Dawood’s 19-year-old son. The father and son tragically died alongside each other in the abovementioned submersible accident near the Titanic wreckage. Suleman was a university student at the time.
Q: Who is Christine Dawood?
A: Christine Dawood is the wife of the late Shahzada Dawood. She and her husband had two children, Suleman, and a daughter named Alina.
News articles describe Christine as a successful professional in her own right but also highlight her role as a supportive wife. Some reports mention Christine previously pursued a career in engineering before a near-fatal plane crash led her to switch paths and focus on coaching and psychology.
Q: How did Shahzada Dawood become one of the passengers of the Titanic submersible Titan?
A: It’s not entirely clear how Shahzada Dawood secured a spot on the doomed Titan submersible. However, by piecing together available information and considering possibilities, we can create a clearer picture:
Shahzada Dawood’s Interests
- Deep-Sea Exploration: News reports suggest Dawood’s time in the French Navy might have involved diving experience, hinting at an interest in deep-sea exploration. Some sources even refer to him as a “deep diver.”
- Titanic Fascination: His participation in the Titan expedition points towards a strong fascination with the history and legacy of the Titanic.
Financial Resources
- Successful Businessman: As a prominent businessman, Dawood could easily afford the likely high cost of a seat on the submersible.
Possible Routes to Joining the Expedition
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Direct Invitation: OceanGate, the company behind Titan, might have specifically targeted Dawood due to his profile: a wealthy individual with an interest in exploration and the Titanic. This could have led to a direct invitation to be a passenger.
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Public Application: Another possibility is that OceanGate offered submersible seats through a public application process for a hefty price tag. Dawood’s background and interest might have made him a strong candidate in this case.
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Personal Connection: While less likely, Dawood could have had a personal connection with someone involved in the Titan project. This connection might have helped him secure a spot on the submersible.
Q: How did Shahzada Dawood die?
A: Shahzada Dawood died in a tragic accident while aboard the Titan submersible during an expedition to explore the wreck of the RMS Titanic. He was 48. The submersible, operated by OceanGate Expeditions, went missing during its descent to the Titanic site, and despite extensive search and rescue efforts, it was later confirmed that the vessel had suffered a catastrophic implosion. This tragic incident resulted in the loss of all five passengers on board, including Shahzada Dawood and his son, Suleman Dawood. The implosion likely occurred due to the extreme pressures at the depth where the Titanic wreck is located, about 12,500 feet below the surface of the Atlantic Ocean.
Sources: Financial Express, Distractify
