Shahzada Dawood was a philanthropist and businessman from Pakistan who died in a car accident in June 2023. He served as vice chairman of Engro Corporation and as a director of Dawood Hercules Corporation, two of Pakistan’s major corporations.
He has served on the boards of many charities and the SETI Institute. But what was he worth, and how did he make and spend his money? Shahzada Dawood’s net worth and lifestyle are summarized below.
Shahzada Dawood Family Background and Education
Shahzada Dawood was born in Rawalpindi, Pakistan, on February 12, 1975. He was the son of Hussain Dawood, a notable industrialist and philanthropist, and the grandson of Ahmed Dawood, the founder of Pakistan’s oldest and largest conglomerate, the Dawood Group.
He was the brother of Abdul Samad Dawood and had two sisters, Azmeh Dawood and Sabrina Dawood.
Shahzada Dawood attended Aitchison College, a famous boarding school in Lahore, for his early schooling.
He later earned an LLB from Buckingham University in the United Kingdom and an MSc in global textile marketing from Philadelphia University (now Thomas Jefferson University) in the United States.
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Shahzada Dawood Business Career and Investments
Shahzada Dawood joined the family business in 1996 and later became a director of the Dawood Hercules Corporation, the Dawood Group’s holding company.
He was active in a variety of industries, including textiles, fertilizers, foods, and energy, and oversaw the group’s expansion and diversification through mergers and acquisitions.
In 2003, he was appointed to the board of the Engro Corporation, a subsidiary of the Dawood Hercules Corporation, one of Pakistan’s largest and most diverse corporations. He was appointed vice chairman of Engro in October 2021 and was instrumental in improving the company’s operations and profitability.
Shahzada Dawood has made investments in publicly traded enterprises such Hub Power Company, Sui Northern Gas Pipelines, and United Bank Limited. He was also a shareholder of Ocean Infinity, a marine robotics business that ran the Titan submersible when it exploded.
According to several reports, Shahzada Dawood’s net worth in 2023 is expected to be between $250 million and $300 million, making him one of Pakistan’s wealthiest people. He was a shareholder in Engro Corporation and Dawood Hercules Corporation Limited, among other assets and interests.
Which company was Shahzada Dawood the director of?
Dawood was vice chairman of Engro and a director of Dawood Hercules. Dawood has been on Engro’s board since 2003.
In October 2021, he became Engro vice chairman. He was Dawood Hercules Corporation’s vice chairman before this. He has invested in publicly listed firms to seek growth opportunities through textile, food, fertilizer, and energy mergers and acquisitions.
The World Economic Forum named Dawood a Young Global Leader in 2012. Dawood spoke at the UN on the International Day of Women and Girls in Science in 2020.
Dawood was a trustee of the education-focused Dawood Foundation (TDF) from 1996 until 2023. The TDF-organized Hussain Dawood Pledge was a private gift to fight COVID-19 in Pakistan.
He focused on mental health care for Pakistani COVID-19 victims. Dawood was also a trustee of the Engro Foundation, a board member of the SETI Institute, and a member of Prince’s Trust International’s Global Advisory Board.
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Shahzada Dawood Personal Life and Death
Shahzada Dawood married Christine Dawood, a German immigrant. They had two children together: Suleman, a son, and Zara, a daughter. They lived in Knightsbridge, London, where they had a luxury property. Shahzada Dawood also held dual citizenship in the United Kingdom and Malta.
Shahzada Dawood was fascinated with natural ecosystems and renewable energies. He was a world traveler and adventurer who traveled to many nations and continents. He was likewise interested by the Titanic and had a collection of Titanic-related memorabilia.
On June 18, 2023, Shahzada Dawood and his son Suleman were among five people killed when the submersible Titan collapsed while on a tourist mission to see the Titanic wreck in the North Atlantic Ocean. The implosion’s cause is still being investigated. At the time of his demise, Shahzada Dawood was 48 years old.
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