BillionaireNet
Bahwan
Suhail Bahwan
Rank #2000
OMANdiversifiedDiversified

Suhail Bahwan

Net Worth
$1.926B
0% (24h)
Suhail Bahwan, born in Sur, Oman, is a prominent businessman who built a vast business empire. Starting from humble beginnings as a dhow trader, he transformed the Suhail Bahwan Group into one of Oman's largest conglomerates, with interests in diverse sectors. His career, which began with selling fishing nets and building materials, saw him secure key distributorships, including Toyota. At 86 years old, his current net worth is estimated at $2.0 billion. Bahwan has been recognized for his philanthropic work and contributions to education and healthcare in Oman.

The Full Dossier

Early Life

Suhail Bahwan was born in Sur, Oman, a coastal town. He came from a large family and started his career assisting his father, a dhow trader. He traveled between Oman and India, trading goods. He attended primary school in India but dropped out after the sixth grade. He later captained a family vessel to trade goods like dried dates and fish.

Rise to Success

In 1965, Bahwan, along with his brother, moved to Muscat and co-founded the Suhail Bahwan Group. They started with a shop in the Muttrah Souq, selling fishing nets, building materials, and tools. The business grew after securing distributorship licenses for Seiko watches and Toshiba electronics in 1968, followed by a pivotal Toyota dealership in 1975.

Key Business Strategies

Key strategies included securing distributorships of popular brands like Seiko and Toyota. Diversification into various sectors, including construction, fertilizers, and healthcare, was also crucial. Adaptability to Oman's economic growth and the modernization initiated by Sultan Qaboos was a key factor.

Philanthropy

Bahwan is known for his philanthropic work and contributions to various social causes. He has been involved in promoting education and healthcare in Oman, and he established the Suhail Bahwan Charitable Foundation to support health, education, and social welfare initiatives.

Career Timeline

2016

Leadership Transition

Transferred much of the responsibility to his daughter, Amal Bahwan.

2002

Business Split

Split from his brother, with the Suhail Bahwan Group retaining key businesses.

1975

Toyota Dealership

Secured the Toyota dealership in Oman, marking a major turning point.

1968

Secured Seiko and Toshiba Licenses

Obtained distributorship licenses for Seiko watches and Toshiba electronics, expanding the business.

1965

Co-founded Suhail Bahwan Group

Established a small trading enterprise in Muttrah, Muscat, with his brother, Saud.

Philanthropic Impact

CharityUnknown

Suhail Bahwan Charitable Foundation

Supports health, education, and social welfare initiatives.

Wealth Trajectory