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Billionaire Profile
Othman Benjelloun & family
Global Rank
#2449

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Othman Benjelloun & family

CEO, Banking
MOROCCO
Real-Time Net Worth
$1.653B
Estimated based on Banking stock value as of June 5, 2026
-0.3% (24h)
Age
93
Source
Banking, insurance
Industry
Finance Investments
Citizenship
MOROCCO

Biography

Othman Benjelloun is a prominent Moroccan billionaire, celebrated for his leadership in the banking and insurance industries. As the Chairman and CEO of Bank of Africa (formerly BMCE Bank), he has spearheaded its expansion across Africa. His net worth is estimated at $1.7 billion as of 2024. Benjelloun's career began with taking over an insurance company from his father, later transforming it into RMA Watanya. He then expanded into banking, establishing BMCE Bank's presence in numerous African countries. His strategic vision and entrepreneurial spirit have made him a leading figure in African finance, driving economic growth and development. Benjelloun is also involved in philanthropic initiatives through the BMCE Bank Foundation.

Fact Checked
Verified by Editorial Team
Live Data
Updated 6/5/2026
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Wealth Over Time

Career Milestones

  1. 1

    Took over the insurance company

    Took over an insurance company from his father, which he later developed into RMA Watanya.

  2. 2

    Privatization of BMCE Bank

    Othman Benjelloun led the privatization of BMCE Bank, taking control through his holding company, FinanceCom.

  3. 3

    Founded the BMCE Bank Foundation

    Founded the BMCE Bank Foundation to support education and environmental initiatives.

Net Worth History

YearNet Worth
2026$1.653B
2025$1.7B
2024$15.557B
2023$14.221B
2022$13.009B
2021$11.703B
2020$10.599B

Philanthropy

BMCE Bank Foundation

$Undisclosed
Education and Environment

Supports education and environmental initiatives in Morocco and across Africa.

In-Depth Profile

Early Life

Othman Benjelloun was born in 1932 in Fez, Morocco. He is a member of the prominent Benjelloun family. He received an education at the École Polytechnique Fédérale de Lausanne in Switzerland.

Rise to Success

Benjelloun's father was a shareholder in an insurance company that Benjelloun later took over in 1988. He transformed this into RMA Watanya. After purchasing the insurance company, Benjelloun expanded into the banking industry. His banking enterprise, BMCE Bank (now Bank of Africa), has a significant presence across Africa. He made strategic alliances with companies such as Volvo and General Motors in the 1960s and 1970s.

Key Business Strategies

Benjelloun's key business strategies included expanding BMCE Bank across Africa through acquisitions, such as the Bank of Africa. He also formed strategic partnerships with global companies to expand into new markets.

Philanthropy

Benjelloun is involved in philanthropy through the BMCE Bank Foundation. The foundation supports education and environmental initiatives in Morocco and across Africa.

Career Milestones

1988

Took over the insurance company

Took over an insurance company from his father, which he later developed into RMA Watanya.

1995

Privatization of BMCE Bank

Othman Benjelloun led the privatization of BMCE Bank, taking control through his holding company, FinanceCom.

1995

Founded the BMCE Bank Foundation

Founded the BMCE Bank Foundation to support education and environmental initiatives.

Philanthropy & Social Impact

Education and Environment

BMCE Bank Foundation

Undisclosed

Supports education and environmental initiatives in Morocco and across Africa.

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