Age, Biography and Wiki

Ahmed Dawood was born on 15 March, 1905 in Bantva, Bantva Manavadar, British India, is a Businessman. Discover Ahmed Dawood's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 97 years old?

Popular As N/A
Occupation N/A
Age 97 years old
Zodiac Sign Pisces
Born 15 March, 1905
Birthday 15 March
Birthplace Bantva, Bantva Manavadar, British India
Date of death (2002-01-02) Karachi
Died Place Karachi, Pakistan
Nationality India

We recommend you to check the complete list of Famous People born on 15 March. He is a member of famous Businessman with the age 97 years old group.

Ahmed Dawood Height, Weight & Measurements

At 97 years old, Ahmed Dawood height not available right now. We will update Ahmed Dawood's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Ahmed Dawood's Wife?

His wife is Aysha (m. 1923-1933) Mariam Bai (m. 1940)

Family
Parents Dawood Yaqoob (father)Hajiani Hanifa Bai Dawood (mother)
Wife Aysha (m. 1923-1933) Mariam Bai (m. 1940)
Sibling Not Available
Children 5, including Hussain

Ahmed Dawood Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Ahmed Dawood worth at the age of 97 years old? Ahmed Dawood’s income source is mostly from being a successful Businessman. He is from India. We have estimated Ahmed Dawood's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Businessman

Ahmed Dawood Social Network

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Timeline

2003

In 2003, Lahore University of Management Sciences (LUMS) established the Ahmed Dawood Chair at the SBA School of Science and Engineering Dean in his honor.

2002

Dawood died 2 January 2002 in Karachi at the age of 102. Dawood is buried in the grounds of the Mewa Shah Graveyard of Karachi.

1990

In 1990, Dawood bought the stake of the American partner of the joint venture and as Chairman, acquired all of Hercules' stakes.

1986

He was also engaged in the establishment of the Al-Shifa Trust in Rawalpindi in 1986 to which he donated generously.

1983

In 1983, he founded the Dawood Public School in Karachi's Dawood Colony. Dawood's children and those from his extended family all went abroad to the UK for schooling and to prestigious universities in the UK and the US.

1981

Dawood and his family have also been involved in the construction of Masjid-e-Quba in Karachi's Dawood Colony. He has also been engaged in welfare of the Memon community. In 1981, he was involved in the creation of a united platform for Memons. The United Memon Jamat of Pakistan (UMJP) was formed to create a joint organisation of Halai, Kutchi and Sindhi Memons.

1975

In 1975, disappointed with the nationalisation policy of the government, Dawood and his wife left Pakistan for the US. While abroad, he set up an oil exploration company that discovered oil wells in Texas. He then returned to Pakistan in 1977.

1971

As a result of the independence of Bangladesh in 1971, assets and properties in East Pakistan of residents of West Pakistan were confiscated and nationalised. Dawood and his family lost factories in Dhaka and Chittagong — including Karnaphuli Paper Mills Limited, Karnaphuli Rayon and Chemical Limited, Dawood Jute Mills Limited and Dawood Shipping Company Limited — accounting for 60% of their industrial undertakings. All investments in the former eastern part of the country were lost. The pressure also increased for the remaining businesses in Pakistan and for Dawood. In January 1972 he and other industrialists were put under house arrest. The Government initiated nationalisation of many local private companies across the country. In the same year, the nationalisation process affected many industries including those of Dawood and his family. He lost two million rupees and profitable industrial projects, namely Dawood Petroleum Limited and Central Life Insurance Company Limited. Dawood Petroleum was put under martial law in 1972, and the Oil business became in 1974 an official part of Pakistan State Oil (PSO). Dawood "was downsized to almost insignificance [but] he did not give up, he continued to develop things though at a much lesser scale".

1970

By the late 1970s and early 80s, although the corporation was doing well financially, Dawood's siblings parted ways with him.

1968

In 1968, Dawood partnered with the American company Hercules Inc. A private loan from the World Bank's International Finance Corporation (IFC) supported the realisation of the fertiliser factory in Sheikhpura. In 1969, the expansion of multiple projects peaked: Dawood Petroleum Ltd started construction of its Oil Terminal at Keamari. The Dawood Jute Mills were set up in East Pakistan, and the construction of the Dawood Hercules Chemical Fertilizer factory started. The IFC invested into the expansion of the Karnaphuli Paper Mills in East Pakistan. The project to assemble motorbikes in Pakistan known as Dawood Yamaha Ltd. started in the same year. At the peak of his economic ventures in 1970, the different entities Dawood chaired employed 35,000 people. It was also the year his mother Hajiani Hanifa Bai Dawood died.

1962

Dawood sat on the board of directors of many local companies. In 1962, he founded the National Investment Trust and was its first chairman. He was also the vice-chairman of Pakistan Industrial Credit and Investment Corporation (PICIC), one of the first development finance institutions in the country.

Dawood received awards for achievements in areas including economy, finance, education, social welfare, trade, and industry. These included Hilal-e-Khidmat (in 1962) and Baba-e-Ittehad (in 1986).

1950

In the following decades, particular in the 1950s and 1960s, Dawood founded several businesses and chaired companies in the cotton, textiles, paper, consumer goods, oil, logistics, insurance, jute, chemicals, motorbikes, home appliances, electronics, and fertilisers industries in East and West Pakistan. He rose to prominence at the national level and became a major figure in the industrialisation of Karachi. The family-run business also emerged as a leading players in the export sector and many associated companies won awards.

Dawood focused his philanthropic activities on health and education. In 1950, he created the Dawood Trust to provide scholarships and financial help for students and educational institutions. He transformed the Trust into an educational Foundation, which became The Dawood Foundation (TDF) in February 1960. In 1962 TDF founded the Dawood College of Engineering and Technology in Karachi, which became nationalised in 1971.

1933

Dawood's initial ventures in the spice trade ended in bankruptcy. He then opened a small shop in Tamba Kanta to deal in cotton and silk yarn. His strategy involved purchasing wholesale and selling retail. By 1933 he was with his firm the biggest supplier of imported yarn to the textile mills in British India. He also set up a cotton ginning factory in his hometown of Bantva, an oil mill in Madras, and a banaspati ghee (clarified butter) factory in Kolkata. With a special license granted by the British colonial government, Dawood set up an army vehicle disposable depot in Chattogram. Such depots were established after the end of the first World War and required a license.

1905

Seth Ahmed Dawood (15 March 1905 – 2 January 2002) was a Pakistani industrialist and a philanthropist. Dawood founded several companies and The Dawood Foundation (TDF), which established the Dawood College of Engineering and Technology (renamed Dawood University of Engineering & Technology after being granted the status of a university in 2013).