Few names command as much respect as Lubna Olayan in global business and female empowerment. With her exceptional leadership skills and strategic vision, she has carved a unique path for herself and become an inspiration to aspiring entrepreneurs worldwide.
Naturally, the question arises: What is Lubna Olayan net worth in 2023? In this article, we delve into the intricacies of her wealth accumulation, her diverse business ventures, and her philanthropic endeavors.
What is Lubna Olayan’s Net Worth and Salary in 2023?
Lubna Olayan has amassed significant wealth through her family’s business empire. According to Forbes, Lubna Olayan’s net worth is $12 billion as of 2023.
While Lubna Olayan’s exact salary for 2023 is not publicly disclosed, she is evidently from one of the wealthiest families in the Middle East.
Her influence extends beyond her financial success, as she actively champions women’s empowerment, education, and economic development in Saudi Arabia and worldwide.
Lubna Olayan’s Overview
Lubna Suliman al-Olayan was born on August 4, 1955, in Al-Qassim, Saudi Arabia. Her early education began in Beirut, Lebanon, where her father, Suliman S. Olayan, worked as a contractor on the massive Tapline project.
Suliman, a successful entrepreneur, and founder of the Olayan Group, instilled in Lubna the values of hard work, determination, and modesty.
He taught his children not to be arrogant about their wealth but to take pride in their deeds. Growing up in a supportive family environment, Lubna was encouraged to pursue her ambitions and excel in her chosen career.
Lubna Olayan has led an extraordinary life as a pioneering businesswoman and executive. After spending nine years in the United States, when she and her sister Hutham attended Cornell University, and Lubna got an MBA from Indiana University, Lubna returned to Riyadh in 1983 to resume her banking career.
Then, she joined her father’s business, Olayan Financing Company (OFC), a multinational conglomerate based in Saudi Arabia, becoming the first woman to work for the company.
For 18 years, Lubna was the only female employee at OFC, eventually rising to the position of CEO in 1986 and expanding her responsibilities when the company merged with the group’s Middle East consumer arm in 1999.
Lubna has been known throughout her career for her comprehensive knowledge of OFC’s holdings, attention to detail, and ability to lead quietly and effectively.
As a board member of various international companies such as WPP, Saudi Hollandi Bank (now Alawwal Bank), Rolls-Royce, and Citigroup, she has earned the respect and admiration of her peers for her mastery of both individual personalities and the larger geopolitical landscape.
Lubna has also strongly advocated for gender diversity and women’s empowerment in the workplace, pushing for modernization and equal opportunities within the Saudi Arabian business environment while respecting the country’s deeply religious culture and traditions.
Olayan’s impressive affiliations include joining the Board of Directors of INSEAD in December 2005 and becoming a member of its International Council in March 1997.
Additionally, she was elected to the Board of Trustees for Cornell University in April 2007, demonstrating her commitment to higher education.
Olayan’s dedication to women’s empowerment is evident through her advisory role on the Effat College Advisory Board in Jeddah, Saudi Arabia, beginning in April 2006. She also serves as a board member at Alfanar, actively contributing to social development.
Furthermore, her position on the Board of Trustees of the Arab Thought Foundation since January 2002 showcases her commitment to intellectual progress.
Olayan’s philanthropic endeavors include serving on the Board of the Down Syndrome Charitable Association, a Riyadh-based non-profit organization, since June 2005.
Additionally, she was appointed to the Board of Trustees of King Abdullah University for Science and Technology (KAUST). In recognition of her remarkable achievements, Olayan was elected as a member of the MIT Corporation in June 2018.
Notably, she received the prestigious Cornell Entrepreneur of the Year award in 2010, exemplifying her exceptional contributions to the business world.
She is married to John Xefos, an international attorney based in Riyadh. Together, they have three daughters, Sarah and two others, who all reside in Riyadh, Saudi Arabia.
Lubna’s marriage to John has been a supportive partnership, allowing her to excel in her career while maintaining a strong family bond.
Why is Lubna Olayan Famous?
Lubna Olayan is renowned for her trailblazing accomplishments as a Saudi businesswoman, breaking through cultural barriers and traditional gender roles in the male-dominated society of Saudi Arabia.
Her visionary leadership and unwavering determination have earned her numerous accolades. Beyond her business prowess, Lubna Olayan is also a dedicated philanthropist, serving on the boards of various educational and charitable organizations.
Her remarkable achievements and commitment to empowering women in the workforce have made her an inspiring figure and a symbol of progress in the Arab world.
FAQs about Lubna Olayan
How old is Lubna Olayan?
Lubna Olayan age is 67 years old.
How tall is Lubna Olayan?
Lubna Olayan height is unknown.
Who are the daughters of Olayan?
Khaled Olayan, Hayat Olayan, Hutham Olayan, and Lubna Olayan, as well as Suliman S. Olayan’s wife, Maryam, are among those who will miss him dearly.
How much is Olayan Family net worth?
The Olayan Family, with a net worth of $8 billion, is the wealthiest in Saudi Arabia.
In conclusion, Lubna Olayan has undoubtedly left an indelible mark on global business and female empowerment. With her net worth in 2023 generating curiosity, this article has comprehensively explored her wealth accumulation, diverse business ventures, and philanthropic endeavors.
If you’re fascinated by the financial journeys of influential figures like Lubna Olayan, World Celebrity Net Worth offers many articles to satiate your curiosity.