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Shaher Abdulhak Net Worth 2020


Facts of Shaher Abdulhak

Full NameShaher Abdulhak
First NameShaher
Last NameAbdulhak
Birth NameShaher Abdulhak Besher
EthnicityMiddle Eastern
Birth CityTaiz
Birth CountryYemen
Gender IdentityMale
Date of BirthDecember 21,1939
Age80 years
Amount$9 billion

How Much Is “King Of Sugar” Shaher Abdulhak’s Net Worth?  

Yemeni business tycoon Shaher Abdulhak’s net worth is $9 billion as of June 2019. The billionaire had humble beginnings but later became the undisputed leader of the Yemeni economy. He is also a billionaire of a third world country like the charitable Azim Premji and Tay Za.     

His life is also embroiled in controversy and many tabloid sources have reported that he dealt in shady business and evaded taxes through tax havens. His close friend who assisted him in reaching billionaire status was also assassinated. He had business connections with multinational companies like Coca Cola and the manufacturer for Mercedes Benz. 

Read about his net worth, salary, income sources, investments, sales, lifestyle, expenses, house, car, charity, biography, wife, son, married, personal life and more below.

Net Worth Details, Salary, Career, Income Sources

Shaher Abdulhak is a Yemeni businessman who has amassed a jaw-dropping net worth of around $9 billion as of June 2019 according to various online sources. He gathered this net worth from his career as a businessman. His company Shaher Trading was started by Abdulhak in 1963.

Abdulhak’s net worth is $9 billion as of June 2019
Abdulhak’s net worth is $9 billion as of June 2019

He is called the "King of Sugar" and has a lot of influence in his home country of Yemen. As a matter of fact, he had close personal relations with the late president Ali Abdullah Saleh which helped him a lot while his business was still in its initial years. He also received the Legion of Merit medal from late Yemeni President Ali Abdullah Saleh.

Shaher also earns from his enterprise which has dealings in petroleum, soft drinks, tourism, and property.

Investments, Assets, Cars, Tax, Charity, Insurance

The entrepreneur is one of the best investors in the world and has invested in various things like telecommunication. In fact, he has invested in the Yemeni Telecommunication Sector. He invested in the internet lines in Yemen.

Shaher is one of the richest people in third world countries 
Shaher is one of the richest people in third world countries 

He may also live in various lavish properties all over the . He is one of the richest men in the third world but information regarding his mansions and residences are not available.

Abdulhak may also have a fleet of the most expensive cars in the market and may have state of the art machines but the details of his cars are not available in the media and tabloid sources.

Shaher may also have insurance of his health, life, body, properties, and vehicles but the exact plans and policies are not available in the public domain.

The owner of Shaher Trading also evaded taxes via tax havens. The Panama Papers leak also showed that his telecommunications company MTN owned 5 companies in offshore tax havens. His

He may also be passionately involved in charities and philanthropic organizations but his involvement financial or otherwise is not available in the media and tabloid sources.

Shaher Abdulhak’s Personal Life: Age, Ethnicity, Nationality, Controversy, Son,

Shaher Abdulhak was born Shaher Abdulhak Besher on 21st December 1939 in Taiz, Yemen. He is Yemeni as per his nationality and is Middle Eastern as per his ethnicity. He is in his late 80s as of June 2019.

Abdulhak's son was the prime suspect in a murder and rape case
Abdulhak's son was the prime suspect in a murder and rape case

His son, Farouk Abdulhak born on 18th February 1987 was involved in a major controversy regarding the murder and rape of a Norwegian woman Martine Vik Magnussen. He was the prime suspect in the investigation. The victim Magnussen was only 23 years old at the time.

Regarding his relationships, he is a very low-key personality whose doesn’t give interviews and also doesn’t allow himself to be photographed. His first photograph ever was published by VG to the public in December 2009.

The incident caused major controversy all over the world and the Norwegian Parliament even wrote to various companies that Abdulhak had business connections with like Coca-Cola, Mercedes Benz-manufacturer Daimler AG, Whirlpool, Philips, Xerox, and Clorox. 

VG media also published a letter sent by Shaher Abdulhak to the elected representatives threatening legal action.

Updated On Sun Jul 21 2019 Published On Thu Jun 27 2019 By Dibas Pratap Basnet