What is Osama Bin Laden’s family net worth and how did they make their money?

What is Osama Bin Laden’s family net worth and how did they make their money?

- in Usa News
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TERROR mastermind Osama Bin Laden is most known for once being was the world’s most wanted man.

But his family is one the wealthiest in the world with a reported net worth of $7 billion. So how did they make their money?

Osama bin Laden was the infamous leader of Al Qaeda and killed by US Navy Seals in 2011
AP:Associated Press
Bin Laden was shot dead in a daring Navy SEAL raid on his Pakistan hideout in May 2011
Bin Laden was shot dead in a daring Navy SEAL raid on his Pakistan hideout in May 2011
AP:Associated Press

How did the bin Laden family make their money?

The Bin Laden family were named as the 5th wealthiest Saudi family, Forbes magazine reported in 2009.

The family’s fortune largely stems from bin Laden’s father, Mohammed bin Awad bin Laden, a multi-millionaire Saudi businessman who worked primarily in the construction industry.

Mohammed – originally poor and uneducated – emigrated from Yemen and founded the Saudi Binladin Group where he became the wealthiest non-royal Saudi.

He worked as a building contractor for the Saudi royal family during the 1950s, establishing the bin Laden family as intimately connected with the innermost circles of Saudi royalty.

The bin Laden corporate network would later diversify its activities beyond construction, into foreign investment and oil.

How wealthy was Osama bin Laden?

When Osama’s father died in 1967, the patriarch had made a staggering $5 billion in the construction industry.

Osama reportedly inherited around $25–30 million.

He put most of this money into businesses, including banks and cement factories in the United Arab Emirates and Saudi Arabia.

Who were his brothers?

Osama was Mohammed’s 17th child and had 53 half and full siblings.

His eldest brother, Salem bin Mohammed bin Awad bin Laden, was nine years his senior.

The Saudi Arabian investor and businessman was a half brother, related to Osama through his father.

Salem died at the age of 42 in 1988.

Osama’s second-oldest brother Bakr bin Laden, also a successful businesses man, was the former chairman of construction giant Saudi Binladin Group.

He was arrested in Saudi Arabia’s anti-corruption campaign and was released 15 months later in January 2019.

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Multi millionaire Bakr Mohammed bin Laden[/caption]

What happened to Osama bin Laden?

The Al-Qaeda leader was tracked down to the remote Abbottobad compound nearly ten years after he plotted the 9/11 terror attacks.

He was killed in a hit by US Navy SEALS in Pakistan on 2 May 2011, aged 54. His body was later buried at sea.

Two bodyguards, a woman and one of his sons were shot and killed in the process.

Bin Laden was shot in front of his screaming wife as he attempted to flee.

In 1994, the bin Laden family disowned Osama bin Laden, and the Saudi government revoked his passport.

AP:Associated Press

Osama bin Laden was shot dead by US special forces in 2011[/caption]

Hamza bin Laden

Osama bin Laden’s son and terror heir Hamza bin Laden, 30, was killed in a US counter-terrorism operation.

Hamza was a high-ranking official in al-Qaeda – the group behind the 9/11 attacks – and was dubbed the Crown Prince of Jihad.

He was also the 15th of Osama’s 56 children and the son of one of Osama’s three surviving wives Khairiah Sabar.

A $1million bounty was put on his head over fears he was becoming a terror figurehead in hiding in Pakistan, Afghanistan or possibly Iran.

It was claimed he wanted revenge for the killing of his father Osama.

AP:Associated Press

Osama bin Laden’s son, Hamza bin Laden, 30, is dead[/caption]

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