Net Worth Ranker
What Is Hassan Jameel’s Net Worth
Hassan Jameel, a Saudi businessman, holds an estimated net worth of $1.9 billion. This substantial wealth is primarily attributed to his significant stake in Abdul Latif Jameel (ALJ), a diversified business conglomerate with exclusive distribution rights for Toyota vehicles in Saudi Arabia and several other countries. The company’s success across various sectors significantly contributes to his financial standing.
Sources of Hassan Jameel’s Wealth
Hassan Jameel’s wealth stems primarily from his leadership role and ownership stake in Abdul Latif Jameel. He serves as the Deputy President and Vice Chairman of Saudi Arabia operations. The company, founded in 1945 by his grandfather, Abdul Latif Jameel, has grown into a global powerhouse with diversified interests. The distribution rights for Toyota vehicles in Saudi Arabia, acquired in 1955, form a cornerstone of the company’s success. ALJ has been the official distributor of Toyota Motor Corporation products in Saudi Arabia for more than 75 years, and is recognized as one of the world’s leading independent Toyota distributors. ALJ’s relationship with Toyota Motor Corporation has enabled it to transform from a modest Saudi-based company into a global automotive business, delivering end-to-end service to commercial clients and retail customers in nine countries on three continents. In 2022, Abdul Latif Jameel Motors received the Gold Award in Toyota’s Distributor Award Program for the 12th consecutive year.
Beyond automotive, Abdul Latif Jameel has diversified interests across various sectors, including real estate, renewable energy, and financial services. Hassan Jameel also heads the company’s domestic division from their affiliated headquarters in Jeddah, Saudi Arabia, overseeing their automotive, real estate, land and machinery operations. These diversified interests contribute significantly to the company’s revenue and, consequently, to Hassan Jameel’s net worth.
Hassan is also a member of the Jameel Family’s Investment Supervisory Board, which oversees a portfolio of tech-driven investments across core sectors. JIMCO’s portfolio comprises several investments in innovative, early-stage and breakthrough ventures and technology. These include US electric car manufacturer Rivian, flying taxi developer Joby Aviation and Saudi-based tech start-up Speero.
Hassan Jameel’s Early Life and Career
Hassan Jameel is the middle son of Mohammed Abdul Latif Jameel, the Chairman and President of Abdul Latif Jameel. He received his early education, including high school, in Japan. In 1997, he enrolled at Sophia University in Tokyo, graduating in 2001 with a Bachelor of Arts in International Economics. He furthered his education by obtaining an MBA from the London Business School.
Hassan’s career in the automotive industry began at the Toyota Motor Corporation in Japan, where he gained experience in business, manufacturing, production, sales and management. In 2004, Jameel underwent training at Toyota’s headquarters in Japan. He has played a significant role in the Jameel family’s expansion and investment in the automotive sector. He also leads the Abdul Latif Jameel business’ relationship with Toyota Motor Corporation, which is now over 65 years old.
Hassan Jameel has been working across the Saudi-Japanese business landscape for more than a decade. He has served as a member of the UTokyo Global Advisory Board at the University of Tokyo since 2016.
Philanthropic Activities and Community Engagement
Hassan Jameel is deeply involved in philanthropy through Community Jameel, an international organization focused on addressing global challenges in education, health, and climate. He serves as the Vice Chairman of Community Jameel, supporting its efforts to tackle issues such as global poverty, water and food security, the future of education, machine learning in health, data modeling of disease, and early action against hunger.
Community Jameel was founded in 2003 by Mohammed Jameel. Hassan is Vice Chairman of Community Jameel Saudi Arabia. Over the past years, the Foundation has served over 854 thousand beneficiaries in the Kingdom of Saudi Arabia. Community Jameel collaborates with institutions like MIT and Imperial College London on various programs. Hassan Jameel was heavily involved in Community Jameel’s road safety initiative, which aimed to promote safe driving through education and awareness campaigns in Saudi Arabia. He is also involved in a number of humanitarian initiatives including programs with the United Nations High Commissioner for Refugees.
He is a founding member of the Family Business Council – Gulf, which promotes the growth and development of family businesses across the Middle East and North Africa. He also holds memberships on the Dean’s Advisory Council at the MIT School of Engineering.
