The construction tycoons are the men behind the erection of skyscrapers and various eye catching monuments. They’ve amassed huge fortunes for their efforts and they aren’t going to stop unless all the empty fields in the world are covered with their larger-than-life buildings. In the list below, we inspect 10 of the Richest Construction Tycoons in the business.
1. Pallonji Shapoorji Mistry Net Worth : $14 billion
The Irish construction tycoon has a net worth of $14 billion and serves as the chairman of Shapoorji Pallonji Group. The company has many subsidiaries which includes Shapoorji Pallonji Construction Limited, Forbes Textiles and Eureka Forbes Limited. His 18.4% stake in Tata Sons makes him the single largest shareholder in Tata Group. The man renounced his Indian citizenship in 2003 to become an Irish citizen. Pallonji holds a Master of Science degree in management and a civil engineering degree.
2. Heinz Hermann Thiele Net Worth : $7 billion
Heinz Hermann Theile has a net worth of $7 billion mostly through his association with braking system manufacturing company, Knorr-Bremse AG. The company currently provides employment to over 19,000 people, generating revenues of around $4 billion annually. Heinz currently serves the company as a member of the supervisory board. Knorr-Bremse has firmly stamped its authority in over 90 locations in 27 countries.
3. Nassef Sawiris Net Worth : $7 billion
Nassef Sawiris has a net worth of $7 billion and he maintains the smooth running of Egypt’s Orascom Construction Industries. The company is largely recognized globally, even managing to bring in investments from Bill Gates. The man holds a Bachelor’s degree in Economics from the University of Chicago and has been making all the calls as CEO of Orascom Construction Industries since 1998.
4. Filaret Galchev Net Worth : $6 billion
Filaret Galchov has a net worth of $6 billion. The billionaire initially plied his trade in the coal business before venturing into the lucrative Russian cement market. He is the sole owner of construction company Inteko. Filaret’s company Eurocement Group monopolizes the Russian cement market with 35% shares in the market.
5. Thomas Schmidheiny Net Worth : $6 billion
Thomas Schmidheiny has amassed a fortune of around $6 billion mainly because of his 20% stake in Holcim. Holcim is a cement manufacturer located in Switzerland. Before retiring as chairman of the company, the man ran the show at Holcim for nearly 2 decades. Thomas has also invested his wealth in vineyards and wineries all around the world. He has a doctorate from Tufts University and is a father to 4 very lucky children.
6. Samvel Karapetyan Net Worth : $5 billion
Samvel Karapetyan has a net worth of $5 billion and is the proud owner of real estate firm Tashir Group. 27 shopping centers, 7 office complexes and 7 hotels are some of the assets the real estate firm owns. The firm earned $1 billion in leased space alone in 2013 and recently opened 5 shopping centers. Samuel is the richest ethnic Armenian in the world and has a powerful brother in Armenian politician Karen Karapetyan. When power meets money, two can shower in glory.
7. Martin and Oliver Bouygues Net Worth: $4 billion
The brothers hold around 21% stake in the industrial conglomerate Bouygues Group collectively. Martin holds the position of CEO in the company whereas his brother, Oliver, is the deputy chief executive. Bouygues Group holds the honor of operating its services in over 80 countries. Rich people certainly have a thing for fine winery. The brothers bought the winery Chateau Montrose in 2006.
8. Sir Anthony Bamford : $4 billion
One simply doesn’t get knighted without achieving unparallel success. Sir Anthony Bamford has a net worth of $4 billion and is the Chairman of JCB. He inherited that position from his father Joseph Cyril Bamford in 1975 when he was 30 years old. Since his hiring, JCB has only gone from strength to strength. The company now holds the distinction of being the third largest maker by volume of construction equipment in the world. Sir Anthony received his knighthood in 1990 when he was 45 years old.
9. Arkady Rotenberg Net Worth: $4 billion
Arkady Rotenberg is a household name in Russia largely due to his influence as businessman. The man possesses a net worth of $4 billion and is known to be close friends with Russian President Vladimir Putin; the man was ostensibly Putin’s judo sparring partner too. Arkady and his brother Boris are the proud owners of SGM Group also known as Stroygazmontazh Corporation. The company is known to be huge and influential in the field of construction contractors in the energy field.
10. David Consunji Net Worth : $4 billion
David Consunji has a net worth of $4 billion and is the founder of DMCI Project Developers. The construction outfit saw light in 1954 in Manila; the company was run in a one room office initially. The company rakes in profits mainly due to their association with power generation, real estate and infrastructure. DMCI is not the only contributor to David’s vast wealth; Semira Mining, which is the largest coal producer in Philippines, is also owned by David.